RKLX vs. BRKL

Last updated Aug 2, 2026

RKLX (Defiance Daily Target 2X Long RKLB ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.29 correlation means they have often moved in opposite directions in the past. RKLX charges 1.29%/yr vs 0.45%/yr for BRKL.

Performance

RKLX vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RKLB ETF (RKLX) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RKLX

• 1D: 0.68%
• 1M: -62.20%
• 6M: -66.47%
• YTD: -58.86%
• 1Y: -33.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 110.42%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
RKLX Defiance Daily Target 2X Long RKLB ETF	$52.09M	$66.50M	$175.62M

RKLX vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
RKLX Defiance Daily Target 2X Long RKLB ETF	-55.70%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between RKLX and BRKL is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.29

Return for Risk

RKLX vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RKLX

RKLX Risk / Return Rank: 15
RKLX Sharpe Ratio Rank: 8
RKLX Sortino Ratio Rank: 28
RKLX Omega Ratio Rank: 26
RKLX Calmar Ratio Rank: 6
RKLX Martin Ratio Rank: 6

BRKL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RKLX vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RKLB ETF (RKLX) and Corgi BRKB 2x Daily ETF (BRKL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RKLX	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	—	—
Sortino ratio: Return per unit of downside risk	1.05	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	-0.42	—	—
Martin ratio: Return relative to average drawdown	-0.82	—	—

Drawdowns

RKLX vs. BRKL - Drawdown Comparison

The maximum RKLX drawdown since its inception was -88.14%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for RKLX and BRKL.

Drawdown Indicators

	RKLX	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-88.14%	-7.03%	-81.11%
Max Drawdown (1Y) Largest decline over 1 year	-88.14%	—	—
Current Drawdown Current decline from peak	-85.60%	-0.13%	-85.47%
Average Drawdown Average peak-to-trough decline	-30.82%	-4.14%	-26.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.07%	—	—

Volatility

Volatility by Period

	RKLX	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	145.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	190.22%	30.99%	+159.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.53%	30.99%	+153.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.53%	30.99%	+153.54%

RKLX vs. BRKL - Expense Ratio Comparison

RKLX has a 1.29% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

RKLX vs. BRKL - Dividend Comparison

RKLX's dividend yield for the trailing twelve months is around 36.33%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%
RKLX Defiance Daily Target 2X Long RKLB ETF	36.33%	14.94%

Frequently Asked Questions

Can I hold both RKLX and BRKL in my portfolio?

RKLX and BRKL have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RKLX or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RKLX or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.29% for RKLX.

Which ETF pays a higher dividend yield, RKLX or BRKL?

RKLX has the higher dividend yield at 36.33%, compared with 0.00% for BRKL.

What is the main difference between RKLX and BRKL?

They also come from different issuers: Defiance and Corgi. Their fees differ too: 1.29% for RKLX and 0.45% for BRKL.