RKLX vs. XMAG

Last updated Jul 17, 2026

RKLX (Defiance Daily Target 2X Long RKLB ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - RKLX is a Leveraged Equities fund actively managed by Defiance, while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. RKLX is actively managed, while XMAG is passively managed. Over the past year, RKLX returned -35.96% vs 20.23% for XMAG. At a 0.42 correlation, their price movements are largely independent. RKLX charges 1.29%/yr vs 0.35%/yr for XMAG.

Performance

RKLX vs. XMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RKLB ETF (RKLX) and Defiance Large Cap ex-Mag 7 ETF (XMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RKLX achieves a -53.66% return, which is significantly lower than XMAG's 12.34% return.

RKLX

• 1D: -23.42%
• 1M: -63.16%
• 6M: -71.76%
• YTD: -53.66%
• 1Y: -35.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMAG

• 1D: -0.41%
• 1M: -0.67%
• 6M: 9.96%
• YTD: 12.34%
• 1Y: 20.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKLX vs. XMAG - Yearly Performance Comparison

	2026 (YTD)	2025
RKLX Defiance Daily Target 2X Long RKLB ETF	-53.66%	579.88%
XMAG Defiance Large Cap ex-Mag 7 ETF	12.34%	17.12%

Correlation

The correlation between RKLX and XMAG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.42

RKLX vs. XMAG - Sectors Allocation Comparison

Sectors	RKLX	XMAG
Industrials	100.0%	11.6%
Basic Materials	-	2.6%
Communication Services	-	3.0%
Consumer Cyclical	-	5.5%
Consumer Defensive	-	6.9%
Energy	-	4.6%
Financial Services	-	17.2%
Healthcare	-	13.7%
Real Estate	-	2.6%
Technology	-	26.7%
Utilities	-	3.8%

Return for Risk

RKLX vs. XMAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RKLX

RKLX Risk / Return Rank: 13
RKLX Sharpe Ratio Rank: 8
RKLX Sortino Ratio Rank: 23
RKLX Omega Ratio Rank: 21
RKLX Calmar Ratio Rank: 6
RKLX Martin Ratio Rank: 5

XMAG

XMAG Risk / Return Rank: 69
XMAG Sharpe Ratio Rank: 65
XMAG Sortino Ratio Rank: 68
XMAG Omega Ratio Rank: 61
XMAG Calmar Ratio Rank: 69
XMAG Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RKLX vs. XMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RKLB ETF (RKLX) and Defiance Large Cap ex-Mag 7 ETF (XMAG). 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	XMAG	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	1.72	-1.91
Sortino ratio: Return per unit of downside risk	1.05	2.48	-1.43
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.43	2.79	-3.22
Martin ratio: Return relative to average drawdown	-0.85	12.02	-12.86

RKLX vs. XMAG - Sharpe Ratio Comparison

The current RKLX Sharpe Ratio is -0.19, which is lower than the XMAG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of RKLX and XMAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RKLX vs. XMAG - Drawdown Comparison

The maximum RKLX drawdown since its inception was -83.78%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for RKLX and XMAG.

Drawdown Indicators

	RKLX	XMAG	Difference
Max Drawdown Largest peak-to-trough decline	-83.78%	-16.17%	-67.61%
Max Drawdown (1Y) Largest decline over 1 year	-83.78%	-7.29%	-76.49%
Current Drawdown Current decline from peak	-83.78%	-2.78%	-81.00%
Average Drawdown Average peak-to-trough decline	-29.06%	-2.05%	-27.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.51%	1.69%	+40.82%

Volatility

RKLX vs. XMAG - Volatility Comparison

Defiance Daily Target 2X Long RKLB ETF (RKLX) has a higher volatility of 57.59% compared to Defiance Large Cap ex-Mag 7 ETF (XMAG) at 3.47%. This indicates that RKLX's price experiences larger fluctuations and is considered to be riskier than XMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RKLX	XMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	57.59%	3.47%	+54.12%
Volatility (6M) Calculated over the trailing 6-month period	145.14%	9.47%	+135.67%
Volatility (1Y) Calculated over the trailing 1-year period	189.64%	11.82%	+177.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.85%	15.08%	+169.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.85%	15.08%	+169.77%

RKLX vs. XMAG - Expense Ratio Comparison

RKLX has a 1.29% expense ratio, which is higher than XMAG's 0.35% expense ratio.

Dividends

RKLX vs. XMAG - Dividend Comparison

RKLX's dividend yield for the trailing twelve months is around 32.25%, more than XMAG's 0.46% yield.

Position	TTM	2025	2024
RKLX Defiance Daily Target 2X Long RKLB ETF	32.25%	14.94%	0.00%
XMAG Defiance Large Cap ex-Mag 7 ETF	0.46%	0.51%	0.24%

Frequently Asked Questions

Can I hold both RKLX and XMAG in my portfolio?

RKLX and XMAG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RKLX or XMAG?

RKLX has higher volatility (57.59%) compared to XMAG (3.47%). In terms of maximum drawdown, RKLX dropped -83.78% vs XMAG's -16.17%.

Which ETF is better, RKLX or XMAG?

On 1-year performance, XMAG leads with 20.23% vs -35.96% for RKLX. On fees, XMAG is cheaper at 0.35% per year. On volatility, XMAG has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RKLX or XMAG?

Over the 1-year period, XMAG has performed better with a 20.23% return vs -35.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RKLX or XMAG?

XMAG is cheaper with a 0.35% expense ratio, compared with 1.29% for RKLX.

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

RKLX has the higher dividend yield at 32.25%, compared with 0.46% for XMAG.

What is the main difference between RKLX and XMAG?

RKLX is categorized as Leveraged Equities, while XMAG is Large Cap Blend Equities. Their fees differ too: 1.29% for RKLX and 0.35% for XMAG.

Which has better risk-adjusted returns?

XMAG currently has the higher Sharpe Ratio (1.72 vs -0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.