CVNX vs. LINT

Last updated Jun 6, 2026

CVNX (Defiance Daily Target 2X Long CVNA ETF) and LINT (Direxion Daily INTC Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. CVNX charges 1.31%/yr vs 0.97%/yr for LINT.

Performance

CVNX vs. LINT - Performance Comparison

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

Returns By Period

In the year-to-date period, CVNX achieves a -51.18% return, which is significantly lower than LINT's 398.83% return.

CVNX

• 1D: 0.63%
• 1M: -30.08%
• YTD: -51.18%
• 6M: -47.27%
• 1Y: -44.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LINT

• 1D: -23.14%
• 1M: -28.56%
• YTD: 398.83%
• 6M: 291.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVNX vs. LINT - Yearly Performance Comparison

	2026 (YTD)	2025
CVNX Defiance Daily Target 2X Long CVNA ETF	-51.18%	55.39%
LINT Direxion Daily INTC Bull 2X Shares	398.83%	5.79%

Correlation

The correlation between CVNX and LINT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.22

Return for Risk

CVNX vs. LINT — Risk / Return Rank

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

CVNX

CVNX Risk / Return Rank: 6
CVNX Sharpe Ratio Rank: 6
CVNX Sortino Ratio Rank: 9
CVNX Omega Ratio Rank: 9
CVNX Calmar Ratio Rank: 4
CVNX Martin Ratio Rank: 3

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. LINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long CVNA ETF (CVNX) and Direxion Daily INTC Bull 2X Shares (LINT). 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.

	CVNX	LINT	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	—	—
Sortino ratio: Return per unit of downside risk	0.15	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	-0.64	—	—
Martin ratio: Return relative to average drawdown	-1.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CVNX	LINT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	12.92	-13.23

Drawdowns

CVNX vs. LINT - Drawdown Comparison

The maximum CVNX drawdown since its inception was -69.62%, which is greater than LINT's maximum drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for CVNX and LINT.

Drawdown Indicators

	CVNX	LINT	Difference
Max Drawdown Largest peak-to-trough decline	-69.62%	-49.54%	-20.08%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	—	—
Current Drawdown Current decline from peak	-61.28%	-44.72%	-16.56%
Average Drawdown Average peak-to-trough decline	-29.75%	-20.75%	-9.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.54%	—	—

Volatility

Volatility by Period

	CVNX	LINT	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	87.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	118.64%	165.50%	-46.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.95%	165.50%	-47.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.95%	165.50%	-47.55%

CVNX vs. LINT - Expense Ratio Comparison

CVNX has a 1.31% expense ratio, which is higher than LINT's 0.97% expense ratio.

Dividends

CVNX vs. LINT - Dividend Comparison

CVNX has not paid dividends to shareholders, while LINT's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025
CVNX Defiance Daily Target 2X Long CVNA ETF	0.00%	0.00%
LINT Direxion Daily INTC Bull 2X Shares	0.17%	0.25%

Frequently Asked Questions

Can I hold both CVNX and LINT in my portfolio?

CVNX and LINT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CVNX or LINT?

On fees, LINT is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVNX or LINT?

LINT is cheaper with a 0.97% expense ratio, compared with 1.31% for CVNX.

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

LINT has the higher dividend yield at 0.17%, compared with 0.00% for CVNX.

What is the main difference between CVNX and LINT?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for CVNX and 0.97% for LINT.