MRNX vs XTR

Comparison between DEFIANCE DAILY TARGET 2X ETF (MRNX, ETF) and GLOBAL X S&P 500 TAIL RISK ETF (XTR, ETF).

MRNX vs XTR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MRNX(ETF)	XTR(ETF)
Net Assets	$4.30M	$4.30M
Expense Ratio	N/A	0.25%
Max Drawdown	58.57%	28.41%
Sharpe Ratio	0.89	0.86
5Y Beta	3.38	0.74
P/E Ratio	N/A	28.61
Forward P/E	N/A	21.43
5Y EPS CAGR	N/A	25.60%
Debt to Equity	N/A	31.88%
P/S Ratio	N/A	3.73
P/B Ratio	N/A	5.65

Net Assets

MRNX

$4.30M

XTR

$4.30M

Expense Ratio

MRNX

N/A

XTR

0.25%

Max Drawdown

MRNX

58.57%

Winner

XTR

28.41%

Sharpe Ratio

Winner

MRNX

0.89

XTR

0.86

5Y Beta

MRNX

3.38

Winner

XTR

0.74

P/E Ratio

MRNX

N/A

XTR

28.61

Forward P/E

MRNX

N/A

XTR

21.43

5Y EPS CAGR

MRNX

N/A

XTR

25.60%

Debt to Equity

MRNX

N/A

XTR

31.88%

P/S Ratio

MRNX

N/A

XTR

3.73

P/B Ratio

MRNX

N/A

XTR

5.65

MRNX vs XTR - Historical Returns

Returns include dividend reinvestment.

Period	MRNX	XTR
1 month	-25.93%	+0.42%
3 months	-6.85%	+3.17%
6 months	+16.91%	+5.48%
1 year	N/A	+13.58%
5 years(CAGR)	N/A	+9.14%
Max(CAGR)	+39.88%	+9.14%

MRNX

-25.93%

Winner

XTR

+0.42%

MRNX

-6.85%

Winner

XTR

+3.17%

Winner

MRNX

+16.91%

XTR

+5.48%

MRNX

N/A

XTR

+13.58%

5Y(CAGR)

MRNX

N/A

XTR

+9.14%

Max(CAGR)

Winner

MRNX

+39.88%

XTR

+9.14%

MRNX vs XTR - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	MRNX	XTR
2026	+16.91%	+6.49%
2025	N/A	+13.89%
2024	N/A	+22.78%
2023	N/A	+21.51%
2022	N/A	-18.02%
2021	N/A	+4.44%

MRNX vs XTR Drawdown Comparison

The maximum drawdown for MRNX was -58.57%, occurring on Jul 24, 2026. This drawdown has not yet recovered.

The maximum drawdown for XTR was -20.82%, occurring on Oct 14, 2022. Recovery took 516 trading sessions.

The current MRNX drawdown is -58.57%. The current XTR drawdown is -2.81%.

Rank	MRNX	XTR
#1	-58.57% Jul 6, 2026 - Jul 24, 2026	-20.82% Dec 29, 2021 - Jan 19, 2024
#2	-45.00% Mar 4, 2026 - Jun 18, 2026	-14.35% Feb 19, 2025 - Jul 2, 2025
#3	-14.06% Jun 18, 2026 - Jun 26, 2026	-8.51% Feb 2, 2026 - Apr 17, 2026
#4	-13.64% Feb 27, 2026 - Mar 4, 2026	-7.14% Jul 16, 2024 - Sep 19, 2024
#5	-12.79% Feb 4, 2026 - Feb 17, 2026	-5.14% Mar 28, 2024 - May 15, 2024
#6	N/A	-5.02% Sep 3, 2021 - Oct 28, 2021
#7	N/A	-4.53% Oct 29, 2025 - Dec 11, 2025
#8	N/A	-4.32% Jun 2, 2026 - Jun 10, 2026
#9	N/A	-4.15% Dec 6, 2024 - Feb 14, 2025
#10	N/A	-3.63% Nov 18, 2021 - Dec 10, 2021
#11	N/A	-2.78% Nov 8, 2024 - Dec 2, 2024
#12	N/A	-2.70% Dec 10, 2021 - Dec 27, 2021
#13	N/A	-2.57% Oct 14, 2024 - Nov 6, 2024
#14	N/A	-2.52% Dec 11, 2025 - Dec 24, 2025
#15	N/A	-2.47% Oct 8, 2025 - Oct 24, 2025