Defiance Daily Target 2X Long NOK ETF (LNOK) 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 LNOK. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LNOK
LNOK charges 1.31% annually. There are 363 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% | 34.82M | Mar 2026 | LNOK vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.88M | Sep 2021 | LNOK vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 245.47M | May 2014 | LNOK vs SPUU | |
| Leverage Shares 2X Long VALE Daily ETF | 0.75% | — | Dec 2025 | LNOK vs VALG | |
| Leverage Shares 2X Long UUUU Daily ETF | 0.75% | 13.11M | Jan 2026 | LNOK vs UUUG |
Best Risk-Adjusted Alternatives to LNOK
Among 260 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 98 | 1.70B | Nov 2024 | LNOK vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.45M | Apr 2021 | LNOK vs XTAP | |
| GraniteShares 2x Long INTC Daily ETF | 98 | 762.39M | Feb 2025 | LNOK vs INTW | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.21M | Apr 2021 | LNOK vs QTAP | |
| Direxion Daily S&P Biotech Bull 3x Shares | 96 | 649.10M | May 2015 | LNOK vs LABU |
Top Performing LNOK Alternatives (YTD)
Among 384 ETFs in the Leveraged Equities category with YTD return data, the top-performing alternatives shown here go as high as 619.41%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 619.41% | 150.09M | Feb 2025 | LNOK vs DLLL | |
| GraniteShares 2x Long MU Daily ETF | 618.86% | 1.70B | Nov 2024 | LNOK vs MULL | |
| GraniteShares 2x Long INTC Daily ETF | 587.83% | 762.39M | Feb 2025 | LNOK vs INTW | |
| Direxion Daily INTC Bull 2X Shares | 586.07% | 123.00M | Nov 2025 | LNOK vs LINT | |
| Leverage Shares 2X Long ARM Daily ETF | 439.65% | 107.94M | Jan 2025 | LNOK vs ARMG |
Lowest Volatility Alternatives to LNOK
LNOK has 132.16% 1-year volatility. There are 304 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.76% | 22.45M | Apr 2021 | LNOK vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.12% | 20.21M | Apr 2021 | LNOK vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.35% | 13.36M | Jul 2021 | LNOK vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.04% | 22.19M | Jul 2021 | LNOK vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.50% | 68.71M | Apr 2021 | LNOK vs XDSQ |
Lowest Drawdown Alternatives to LNOK
Among 260 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.45M | Apr 2021 | LNOK vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.21M | Apr 2021 | LNOK vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.36M | Jul 2021 | LNOK vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.19M | Jul 2021 | LNOK vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.71M | Apr 2021 | LNOK vs XDSQ |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 9 categories. AUM among these funds goes as high as $6B.
Compare LNOK with Any Fund or Stock
Compare LNOK with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LNOK with funds that move differently
Defiance Daily Target 2X Long NOK ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LNOK.
Explore LNOK Diversifiers