CVNX vs. NTSD

Last updated Jul 17, 2026

CVNX (Defiance Daily Target 2X Long CVNA ETF) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. CVNX charges 1.31%/yr vs 0.35%/yr for NTSD.

Performance

CVNX vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long CVNA ETF (CVNX) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVNX

• 1D: 0.00%
• 1M: 0.00%
• 6M: -54.25%
• YTD: -46.52%
• 1Y: -39.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTSD

• 1D: -1.11%
• 1M: -0.08%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVNX vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
CVNX Defiance Daily Target 2X Long CVNA ETF	29.02%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	18.50%

Correlation

The correlation between CVNX and NTSD is 0.36, 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 Mar 19, 2026	0.36

Return for Risk

CVNX vs. NTSD — 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

NTSD

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

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. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long CVNA ETF (CVNX) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	—	—
Sortino ratio: Return per unit of downside risk	0.20	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	-0.57	—	—
Martin ratio: Return relative to average drawdown	-0.97	—	—

Drawdowns

CVNX vs. NTSD - Drawdown Comparison

The maximum CVNX drawdown since its inception was -69.62%, which is greater than NTSD's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for CVNX and NTSD.

Drawdown Indicators

	CVNX	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-69.62%	-5.58%	-64.04%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	—	—
Current Drawdown Current decline from peak	-57.59%	-1.28%	-56.31%
Average Drawdown Average peak-to-trough decline	-32.30%	-1.13%	-31.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.85%	—	—

Volatility

Volatility by Period

	CVNX	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	80.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	115.15%	23.24%	+91.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	112.32%	23.24%	+89.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.32%	23.24%	+89.08%

CVNX vs. NTSD - Expense Ratio Comparison

CVNX has a 1.31% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

CVNX vs. NTSD - Dividend Comparison

CVNX has not paid dividends to shareholders, while NTSD's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM
CVNX Defiance Daily Target 2X Long CVNA ETF	0.00%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.14%

Frequently Asked Questions

Can I hold both CVNX and NTSD in my portfolio?

CVNX and NTSD have a correlation of 0.36, 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 NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVNX or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.31% for CVNX.

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

NTSD has the higher dividend yield at 0.14%, compared with 0.00% for CVNX.

What is the main difference between CVNX and NTSD?

They also come from different issuers: Defiance and WisdomTree. Their fees differ too: 1.31% for CVNX and 0.35% for NTSD.