LMNX vs QQQ
Defiance Daily Target 2X Long LMND ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | LMNX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.31% | 0.18% | |
| AUM | $5M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 9 | 108 | |
| YTD Return | -73.17% | +16.64% | |
| 1Y Return | -44.88% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 51.7% | 30.6% | |
| Max Drawdown | -94.2% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 15, 2025 | Mar 10, 1999 |
LMNX vs QQQ Performance
Defiance Daily Target 2X Long LMND ETF (LMNX) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LMNX returned -44.88% while QQQ returned +27.27%. Year to date, LMNX is down 73.17% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
LMNX has been the more volatile fund, with annualized monthly volatility of 51.7% 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 -94.2% for LMNX 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LMNX charges 1.31% per year while QQQ charges 0.18%. On a $10,000 position that is $131 vs $18 annually, a gap of $113 per year that compounds over a long holding period. On income, LMNX currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
LMNX 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, LMNX or QQQ?
LMNX has an expense ratio of 1.31% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $113 per year of difference.
Which performed better, LMNX or QQQ?
Over the past year LMNX returned -44.88% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (26 years), LMNX annualized -3.28% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, LMNX or QQQ?
LMNX has been the more volatile fund at 51.7% annualized versus 30.6% for QQQ. Worst drawdown: LMNX -94.2% vs QQQ -83.0%.
Should I hold both LMNX and QQQ?
LMNX and QQQ have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LMNX and QQQ?
LMNX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, LMNX or QQQ?
LMNX yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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