RKLZ vs. XMAG
RKLZ (Defiance Daily Target 2X Short RKLB ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - RKLZ is a Inverse Equities fund actively managed by Defiance, while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. RKLZ is actively managed, while XMAG is passively managed. At a correlation of -0.44, they often move in opposite directions. RKLZ charges 1.29%/yr vs 0.35%/yr for XMAG.
Performance
RKLZ vs. XMAG - Performance Comparison
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Returns By Period
In the year-to-date period, RKLZ achieves a -89.18% return, which is significantly lower than XMAG's 14.15% return.
RKLZ
- 1D
- 10.97%
- 1M
- 137.97%
- YTD
- -89.18%
- 6M
- -87.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMAG
- 1D
- 1.18%
- 1M
- 3.37%
- YTD
- 14.15%
- 6M
- 13.13%
- 1Y
- 24.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKLZ vs. XMAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RKLZ Defiance Daily Target 2X Short RKLB ETF | -89.18% | -75.89% |
XMAG Defiance Large Cap ex-Mag 7 ETF | 14.15% | 3.35% |
Correlation
The correlation between RKLZ and XMAG is -0.44, 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 Nov 18, 2025 | -0.44 |
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Return for Risk
RKLZ vs. XMAG — Risk / Return Rank
RKLZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XMAG
RKLZ vs. XMAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RKLB ETF (RKLZ) 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.
| RKLZ | XMAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.38 | — |
| Martin ratioReturn relative to average drawdown | — | 14.86 | — |
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Drawdowns
RKLZ vs. XMAG - Drawdown Comparison
The maximum RKLZ drawdown since its inception was -99.10%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for RKLZ and XMAG.
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Drawdown Indicators
| RKLZ | XMAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.10% | -16.17% | -82.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.29% | — |
Current DrawdownCurrent decline from peak | -97.63% | 0.00% | -97.63% |
Average DrawdownAverage peak-to-trough decline | -81.58% | -2.08% | -79.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.66% | — |
Volatility
RKLZ vs. XMAG - Volatility Comparison
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Volatility by Period
| RKLZ | XMAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 207.29% | 11.67% | +195.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 207.29% | 15.18% | +192.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 207.29% | 15.18% | +192.11% |
RKLZ vs. XMAG - Expense Ratio Comparison
RKLZ has a 1.29% expense ratio, which is higher than XMAG's 0.35% expense ratio.
Dividends
RKLZ vs. XMAG - Dividend Comparison
RKLZ has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
RKLZ Defiance Daily Target 2X Short RKLB ETF | 0.00% | 0.00% | 0.00% |
XMAG Defiance Large Cap ex-Mag 7 ETF | 0.45% | 0.51% | 0.24% |
Frequently Asked Questions
RKLZ and XMAG have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMAG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMAG is cheaper with a 0.35% expense ratio, compared with 1.29% for RKLZ.
XMAG has the higher dividend yield at 0.45%, compared with 0.00% for RKLZ.
RKLZ is categorized as Inverse Equities, while XMAG is Large Cap Blend Equities. Their fees differ too: 1.29% for RKLZ and 0.35% for XMAG.
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