LMNX vs QQQ
Defiance Daily Target 2X Long LMND ETF vs Invesco QQQ Trust, Series 1
Which is better, LMNX or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LMNX | QQQ |
|---|---|---|
| Expense Ratio | 1.31% | 0.18%Best |
| AUM | $4M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 18 | 107 |
| Volatility (annualized) | 51.7% | 22.7%Best |
| Max Drawdown | -94.2% | -81.7%Best |
| $10,000 over 26.4 years | $4,226 | $69,328Best |
| Fund Family | Defiance ETFs, LLC | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Oct 15, 2025 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 29 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. LMNX has data through Aug 27, 2026 and QQQ through Sep 25, 2026.
Volatility and max drawdown, and the $10,000 over 26.4 years row, are measured over the window both funds cover: Mar 30, 2000 to Aug 27, 2026 (26.4 years).
Risk: Volatility and Drawdowns
LMNX has been the more volatile fund, with annualized monthly volatility of 51.7% compared with 22.7% 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 -81.7% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.19. They move largely independently of each other.
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
We hold position weights for 1 holding in LMNX and 102 in QQQ, totalling 10.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in LMNX and 102 in QQQ, against full books of 18 and 107.
You are not choosing between two funds in isolation.
Whichever of LMNX and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $113 a year on a $10,000 investment.
Which is riskier, LMNX or QQQ?
LMNX has been the more volatile fund at 51.7% annualized versus 22.7% for QQQ. Worst drawdown: LMNX -94.2% vs QQQ -81.7%.
Should I hold both LMNX and QQQ?
LMNX and QQQ have a monthly-return correlation of 0.19, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
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.
Is QQQ better than LMNX?
QQQ has a lower expense ratio. QQQ led over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.