LMNX vs. RGTZ

Last updated Jun 3, 2026

LMNX (Defiance Daily Target 2X Long LMND ETF) and RGTZ (Defiance Daily Target 2X Short RGTI ETF) are both exchange-traded funds - LMNX is a Leveraged Equities fund actively managed by Defiance ETFs, while RGTZ is a Inverse Equities fund actively managed by Defiance ETFs. Both are actively managed. At a correlation of -0.50, they often move in opposite directions. LMNX charges 1.31%/yr vs 1.29%/yr for RGTZ.

Performance

LMNX vs. RGTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LMND ETF (LMNX) and Defiance Daily Target 2X Short RGTI ETF (RGTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMNX achieves a -53.70% return, which is significantly higher than RGTZ's -88.29% return.

LMNX

• 1D: -2.78%
• 1M: 0.58%
• YTD: -53.70%
• 6M: -56.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RGTZ

• 1D: -9.86%
• 1M: -81.12%
• YTD: -88.29%
• 6M: -90.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LMNX vs. RGTZ - Yearly Performance Comparison

	2026 (YTD)	2025
LMNX Defiance Daily Target 2X Long LMND ETF	-53.70%	82.13%
RGTZ Defiance Daily Target 2X Short RGTI ETF	-88.29%	94.66%

Correlation

The correlation between LMNX and RGTZ is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025	-0.50

Return for Risk

LMNX vs. RGTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LMND ETF (LMNX) and Defiance Daily Target 2X Short RGTI ETF (RGTZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LMNX	RGTZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	-0.44	+0.30

Drawdowns

LMNX vs. RGTZ - Drawdown Comparison

The maximum LMNX drawdown since its inception was -78.77%, smaller than the maximum RGTZ drawdown of -92.92%. Use the drawdown chart below to compare losses from any high point for LMNX and RGTZ.

Drawdown Indicators

	LMNX	RGTZ	Difference
Max Drawdown Largest peak-to-trough decline	-78.77%	-92.92%	+14.15%
Current Drawdown Current decline from peak	-73.46%	-92.92%	+19.46%
Average Drawdown Average peak-to-trough decline	-40.66%	-39.81%	-0.85%

Volatility

Volatility by Period

	LMNX	RGTZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	172.87%	217.74%	-44.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	172.87%	217.74%	-44.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	172.87%	217.74%	-44.87%

LMNX vs. RGTZ - Expense Ratio Comparison

LMNX has a 1.31% expense ratio, which is higher than RGTZ's 1.29% expense ratio.

Dividends

LMNX vs. RGTZ - Dividend Comparison

Neither LMNX nor RGTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LMNX and RGTZ in my portfolio?

LMNX and RGTZ have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMNX or RGTZ?

On fees, RGTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LMNX or RGTZ?

RGTZ is cheaper with a 1.29% expense ratio, compared with 1.31% for LMNX.

Which ETF pays a higher dividend yield, LMNX or RGTZ?

LMNX and RGTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between LMNX and RGTZ?

LMNX is categorized as Leveraged Equities, while RGTZ is Inverse Equities. Their fees differ too: 1.31% for LMNX and 1.29% for RGTZ.