CVNX vs. NTSD
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 0.49 correlation, their price movements are largely independent. CVNX charges 1.31%/yr vs 0.35%/yr for NTSD.
Performance
CVNX vs. NTSD - Performance Comparison
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Returns By Period
CVNX
- 1D
- 0.63%
- 1M
- -30.08%
- YTD
- -51.18%
- 6M
- -47.27%
- 1Y
- -44.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NTSD
- 1D
- -3.68%
- 1M
- -0.32%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVNX vs. NTSD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CVNX Defiance Daily Target 2X Long CVNA ETF | 15.00% |
NTSD WisdomTree Efficient U.S. Plus International Equity Fund | 14.79% |
Correlation
The correlation between CVNX and NTSD is 0.49, 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 20, 2026 | 0.49 |
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Return for Risk
CVNX vs. NTSD — Risk / Return Rank
CVNX
NTSD
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.
| CVNX | NTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.02 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| CVNX | NTSD | 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 | 3.59 | -3.89 |
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 -5.20%. Use the drawdown chart below to compare losses from any high point for CVNX and NTSD.
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Drawdown Indicators
| CVNX | NTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.62% | -5.20% | -64.42% |
Max Drawdown (1Y)Largest decline over 1 year | -69.62% | — | — |
Current DrawdownCurrent decline from peak | -61.28% | -3.72% | -57.56% |
Average DrawdownAverage peak-to-trough decline | -29.75% | -0.88% | -28.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.54% | — | — |
Volatility
CVNX vs. NTSD - Volatility Comparison
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Volatility by Period
| CVNX | NTSD | 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% | 25.41% | +93.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.95% | 25.41% | +92.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.95% | 25.41% | +92.54% |
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
Neither CVNX nor NTSD has paid dividends to shareholders.
Frequently Asked Questions
CVNX and NTSD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NTSD is cheaper with a 0.35% expense ratio, compared with 1.31% for CVNX.
CVNX and NTSD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and WisdomTree. Their fees differ too: 1.31% for CVNX and 0.35% for NTSD.
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