BRKW vs. NVOX

Last updated Jun 5, 2026

BRKW (Roundhill BRKB WeeklyPay ETF) and NVOX (Defiance Daily Target 2X Long NVO ETF) are both exchange-traded funds - BRKW is a Derivative Income fund actively managed by Roundhill, while NVOX is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. BRKW charges 0.99%/yr vs 1.29%/yr for NVOX.

Performance

BRKW vs. NVOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BRKB WeeklyPay ETF (BRKW) and Defiance Daily Target 2X Long NVO ETF (NVOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKW achieves a -6.96% return, which is significantly higher than NVOX's -37.60% return.

BRKW

• 1D: 0.87%
• 1M: 3.11%
• YTD: -6.96%
• 6M: -7.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVOX

• 1D: 7.98%
• 1M: -7.14%
• YTD: -37.60%
• 6M: -31.70%
• 1Y: -75.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRKW vs. NVOX - Yearly Performance Comparison

	2026 (YTD)	2025
BRKW Roundhill BRKB WeeklyPay ETF	-6.96%	2.09%
NVOX Defiance Daily Target 2X Long NVO ETF	-37.60%	-63.22%

Correlation

The correlation between BRKW and NVOX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.09

Return for Risk

BRKW vs. NVOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVOX

NVOX Risk / Return Rank: 3
NVOX Sharpe Ratio Rank: 3
NVOX Sortino Ratio Rank: 3
NVOX Omega Ratio Rank: 2
NVOX Calmar Ratio Rank: 1
NVOX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRKW vs. NVOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BRKB WeeklyPay ETF (BRKW) and Defiance Daily Target 2X Long NVO ETF (NVOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BRKW	NVOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	-0.78	+0.48

Drawdowns

BRKW vs. NVOX - Drawdown Comparison

The maximum BRKW drawdown since its inception was -12.64%, smaller than the maximum NVOX drawdown of -94.50%. Use the drawdown chart below to compare losses from any high point for BRKW and NVOX.

Drawdown Indicators

	BRKW	NVOX	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-94.50%	+81.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-87.05%	—
Current Drawdown Current decline from peak	-9.92%	-91.90%	+81.98%
Average Drawdown Average peak-to-trough decline	-5.36%	-74.36%	+69.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	67.07%	—

Volatility

Volatility by Period

	BRKW	NVOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	78.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.22%	103.59%	-86.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	103.68%	-86.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	103.68%	-86.46%

BRKW vs. NVOX - Expense Ratio Comparison

BRKW has a 0.99% expense ratio, which is lower than NVOX's 1.29% expense ratio.

Dividends

BRKW vs. NVOX - Dividend Comparison

BRKW's dividend yield for the trailing twelve months is around 24.97%, while NVOX has not paid dividends to shareholders.

Position	TTM	2025
BRKW Roundhill BRKB WeeklyPay ETF	24.97%	14.45%
NVOX Defiance Daily Target 2X Long NVO ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRKW and NVOX in my portfolio?

BRKW and NVOX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKW or NVOX?

On fees, BRKW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKW or NVOX?

BRKW is cheaper with a 0.99% expense ratio, compared with 1.29% for NVOX.

Which ETF pays a higher dividend yield, BRKW or NVOX?

BRKW has the higher dividend yield at 24.97%, compared with 0.00% for NVOX.

What is the main difference between BRKW and NVOX?

BRKW is categorized as Derivative Income, while NVOX is Leveraged Equities. They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.99% for BRKW and 1.29% for NVOX.