Defiance Daily Target 2X Long CVNA ETF (CVNX) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CVNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CVNX
CVNX charges 1.31% annually. There are 360 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 34.68M | Mar 2026 | CVNX vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.99M | Sep 2021 | CVNX vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 239.79M | May 2014 | CVNX vs SPUU | |
| Leverage Shares 2X Long ARM Daily ETF | 0.75% | 229.25M | Jan 2025 | CVNX vs ARMG | |
| Leverage Shares 2X Long TSLA Daily ETF | 0.75% | — | Dec 2024 | CVNX vs TSLG |
Best Risk-Adjusted Alternatives to CVNX
CVNX has a PortfoliosLab risk / return rank of 8. There are 159 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 98 | 1.47B | Nov 2024 | CVNX vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.60M | Apr 2021 | CVNX vs XTAP | |
| GraniteShares 2x Long INTC Daily ETF | 98 | 785.62M | Feb 2025 | CVNX vs INTW | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 19.18M | Apr 2021 | CVNX vs QTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 97 | 28.01B | Mar 2010 | CVNX vs SOXL |
Top Performing CVNX Alternatives (YTD)
CVNX is at -46.52% YTD. There are 294 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 1,096.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 1,096.58% | 1.47B | Nov 2024 | CVNX vs MULL | |
| GraniteShares 2x Long INTC Daily ETF | 871.59% | 785.62M | Feb 2025 | CVNX vs INTW | |
| Direxion Daily INTC Bull 2X Shares | 869.59% | 104.27M | Nov 2025 | CVNX vs LINT | |
| Leverage Shares 2X Long ARM Daily ETF | 837.72% | 229.25M | Jan 2025 | CVNX vs ARMG | |
| Leverage Shares 2X Long BE Daily ETF | 778.97% | 36.14M | Dec 2025 | CVNX vs BEG |
Lowest Volatility Alternatives to CVNX
CVNX has 116.97% 1-year volatility. There are 282 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.79%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.79% | 22.60M | Apr 2021 | CVNX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.01% | 19.18M | Apr 2021 | CVNX vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.36% | 13.35M | Jul 2021 | CVNX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.90% | 22.17M | Jul 2021 | CVNX vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.52% | 68.78M | Apr 2021 | CVNX vs XDSQ |
Lowest Drawdown Alternatives to CVNX
CVNX has a 1-year max drawdown of -69.62%. There are 195 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.60M | Apr 2021 | CVNX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 19.18M | Apr 2021 | CVNX vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.35M | Jul 2021 | CVNX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.17M | Jul 2021 | CVNX vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.78M | Apr 2021 | CVNX vs XDSQ |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With CVNX
Investors most often compare CVNX with FAAR, BNO, DBE. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare CVNX with Any Fund or Stock
Compare CVNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CVNX with funds that move differently
Defiance Daily Target 2X Long CVNA ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CVNX.
Explore CVNX Diversifiers