CVNX vs. BRKL

Last updated Aug 1, 2026

CVNX (Defiance Daily Target 2X Long CVNA ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. CVNX charges 1.31%/yr vs 0.45%/yr for BRKL.

Performance

CVNX vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long CVNA ETF (CVNX) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVNX

• 1D: 0.00%
• 1M: 0.00%
• 6M: -36.45%
• YTD: -46.52%
• 1Y: -42.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.70%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
CVNX Defiance Daily Target 2X Long CVNA ETF	$0.00	$0.00	$267.11K

CVNX vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
CVNX Defiance Daily Target 2X Long CVNA ETF	0.00%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Return for Risk

CVNX vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CVNX

CVNX Risk / Return Rank: 6
CVNX Sharpe Ratio Rank: 5
CVNX Sortino Ratio Rank: 8
CVNX Omega Ratio Rank: 8
CVNX Calmar Ratio Rank: 3
CVNX Martin Ratio Rank: 3

BRKL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CVNX vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long CVNA ETF (CVNX) and Corgi BRKB 2x Daily ETF (BRKL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CVNX	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	—	—
Sortino ratio: Return per unit of downside risk	-0.10	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.72	—	—
Martin ratio: Return relative to average drawdown	-1.20	—	—

Drawdowns

CVNX vs. BRKL - Drawdown Comparison

The maximum CVNX drawdown since its inception was -69.62%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for CVNX and BRKL.

Drawdown Indicators

	CVNX	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-69.62%	-7.03%	-62.59%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	—	—
Current Drawdown Current decline from peak	-57.59%	-0.13%	-57.46%
Average Drawdown Average peak-to-trough decline	-33.24%	-4.14%	-29.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.55%	—	—

Volatility

Volatility by Period

	CVNX	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	70.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	114.56%	30.99%	+83.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.20%	30.99%	+79.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.20%	30.99%	+79.21%

CVNX vs. BRKL - Expense Ratio Comparison

CVNX has a 1.31% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

CVNX vs. BRKL - Dividend Comparison

Neither CVNX nor BRKL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, CVNX or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVNX or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.31% for CVNX.

Which ETF pays a higher dividend yield, CVNX or BRKL?

CVNX and BRKL have nearly identical dividend yields, around 0.00%.

What is the main difference between CVNX and BRKL?

They also come from different issuers: Defiance and Corgi. Their fees differ too: 1.31% for CVNX and 0.45% for BRKL.