LLYX vs QQQ
Defiance Daily Target 2X Long LLY ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. LLYX delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | LLYX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.32% | 0.18% | |
| AUM | $46M | $496.3B | |
| Dividend Yield | 2.82% | 0.44% | |
| Holdings | 10 | 108 | |
| YTD Return | +14.26% | +16.64% | |
| 1Y Return | +144.00% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 71.6% | 30.6% | |
| Max Drawdown | -68.0% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 7, 2024 | Mar 10, 1999 |
LLYX vs QQQ Performance
Defiance Daily Target 2X Long LLY ETF (LLYX) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LLYX returned +144.00% while QQQ returned +27.27%. Year to date, LLYX is up 14.26% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
LLYX has been the more volatile fund, with annualized monthly volatility of 71.6% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -68.0% for LLYX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LLYX charges 1.32% per year while QQQ charges 0.18%. On a $10,000 position that is $132 vs $18 annually, a gap of $114 per year that compounds over a long holding period. On income, LLYX currently yields 2.82% against 0.44% for QQQ.
Holdings Overlap
LLYX and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LLYX or QQQ?
LLYX has an expense ratio of 1.32% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $114 per year of difference.
Which performed better, LLYX or QQQ?
Over the past year LLYX returned +144.00% vs +27.27% for QQQ, so LLYX leads on 1-year performance. Over the longest common window we track (2 years), LLYX annualized +12.54% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, LLYX or QQQ?
LLYX has been the more volatile fund at 71.6% annualized versus 30.6% for QQQ. Worst drawdown: LLYX -68.0% vs QQQ -83.0%.
Should I hold both LLYX and QQQ?
LLYX and QQQ have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LLYX and QQQ?
LLYX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, LLYX or QQQ?
LLYX yields 2.82% while QQQ yields 0.44%, so LLYX currently pays the higher dividend yield.
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