CVNX vs. EINC

Last updated Jul 11, 2026

CVNX (Defiance Daily Target 2X Long CVNA ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - CVNX is a Leveraged Equities fund actively managed by Defiance, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. CVNX is actively managed, while EINC is passively managed. Over the past year, CVNX returned -37.31% vs 30.66% for EINC. At a correlation of -0.14, they often move in opposite directions. CVNX charges 1.31%/yr vs 0.45%/yr for EINC.

Performance

CVNX vs. EINC - Performance Comparison

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

Returns By Period

In the year-to-date period, CVNX achieves a -46.52% return, which is significantly lower than EINC's 26.77% return.

CVNX

• 1D: 0.00%
• 1M: 0.00%
• 6M: -55.03%
• YTD: -46.52%
• 1Y: -37.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EINC

• 1D: 0.19%
• 1M: 0.31%
• 6M: 28.45%
• YTD: 26.77%
• 1Y: 30.66%
• 3Y*: 28.13%
• 5Y*: 21.31%
• 10Y*: 11.56%

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

CVNX vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025
CVNX Defiance Daily Target 2X Long CVNA ETF	-46.52%	29.94%
EINC VanEck Energy Income ETF	26.77%	3.23%

Correlation

The correlation between CVNX and EINC is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since May 29, 2025	-0.14

Return for Risk

CVNX vs. EINC — Risk / Return Rank

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

CVNX

CVNX Risk / Return Rank: 7
CVNX Sharpe Ratio Rank: 6
CVNX Sortino Ratio Rank: 10
CVNX Omega Ratio Rank: 10
CVNX Calmar Ratio Rank: 5
CVNX Martin Ratio Rank: 5

EINC

EINC Risk / Return Rank: 78
EINC Sharpe Ratio Rank: 81
EINC Sortino Ratio Rank: 78
EINC Omega Ratio Rank: 77
EINC Calmar Ratio Rank: 87
EINC Martin Ratio Rank: 68

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.

CVNX vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long CVNA ETF (CVNX) and VanEck Energy Income ETF (EINC). 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	EINC	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	2.05	-2.37
Sortino ratio: Return per unit of downside risk	0.25	2.78	-2.53
Omega ratio: Gain probability vs. loss probability	1.03	1.36	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.54	3.98	-4.52
Martin ratio: Return relative to average drawdown	-0.93	9.80	-10.72

CVNX vs. EINC - Sharpe Ratio Comparison

The current CVNX Sharpe Ratio is -0.32, which is lower than the EINC Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of CVNX and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CVNX vs. EINC - Drawdown Comparison

The maximum CVNX drawdown since its inception was -69.62%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for CVNX and EINC.

Drawdown Indicators

	CVNX	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-69.62%	-87.55%	+17.93%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	-7.89%	-61.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.85%	—
Current Drawdown Current decline from peak	-57.59%	-3.89%	-53.70%
Average Drawdown Average peak-to-trough decline	-31.94%	-44.02%	+12.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.20%	3.20%	+37.00%

Volatility

CVNX vs. EINC - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long CVNA ETF (CVNX) is 0.00%, while VanEck Energy Income ETF (EINC) has a volatility of 6.16%. This indicates that CVNX experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVNX	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	6.16%	-6.16%
Volatility (6M) Calculated over the trailing 6-month period	81.07%	12.26%	+68.81%
Volatility (1Y) Calculated over the trailing 1-year period	115.26%	15.33%	+99.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.12%	19.58%	+93.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.12%	25.33%	+87.79%

CVNX vs. EINC - Expense Ratio Comparison

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

Dividends

CVNX vs. EINC - Dividend Comparison

CVNX has not paid dividends to shareholders, while EINC's dividend yield for the trailing twelve months is around 3.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVNX Defiance Daily Target 2X Long CVNA ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EINC VanEck Energy Income ETF	3.49%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%

Frequently Asked Questions

Can I hold both CVNX and EINC in my portfolio?

CVNX and EINC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVNX or EINC?

EINC has higher volatility (6.16%) compared to CVNX (0.00%). In terms of maximum drawdown, CVNX dropped -69.62% vs EINC's -87.55%.

Which ETF is better, CVNX or EINC?

On 1-year performance, EINC leads with 30.66% vs -37.31% for CVNX. On fees, EINC is cheaper at 0.45% per year. On volatility, CVNX has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVNX or EINC?

Over the 1-year period, EINC has performed better with a 30.66% return vs -37.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVNX or EINC?

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

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

EINC has the higher dividend yield at 3.49%, compared with 0.00% for CVNX.

What is the main difference between CVNX and EINC?

CVNX is categorized as Leveraged Equities, while EINC is Energy Equities. They also come from different issuers: Defiance and VanEck. Their fees differ too: 1.31% for CVNX and 0.45% for EINC.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (2.05 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.