DKNX vs. BLSG
DKNX (Defiance Daily Target 2X Long DKNG ETF) and BLSG (Leverage Shares 2X Long BLSH Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. DKNX charges 1.29%/yr vs 0.75%/yr for BLSG.
Performance
DKNX vs. BLSG - Performance Comparison
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Returns By Period
In the year-to-date period, DKNX achieves a -65.05% return, which is significantly higher than BLSG's -76.63% return.
DKNX
- 1D
- -11.57%
- 1M
- -10.92%
- YTD
- -65.05%
- 6M
- -65.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLSG
- 1D
- -13.97%
- 1M
- -63.39%
- YTD
- -76.63%
- 6M
- -81.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DKNX vs. BLSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DKNX Defiance Daily Target 2X Long DKNG ETF | -65.05% | 1.58% |
BLSG Leverage Shares 2X Long BLSH Daily ETF | -76.63% | -58.81% |
Correlation
The correlation between DKNX and BLSG is 0.27, 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 Oct 27, 2025 | 0.27 |
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Return for Risk
DKNX vs. BLSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long DKNG ETF (DKNX) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
DKNX vs. BLSG - Drawdown Comparison
The maximum DKNX drawdown since its inception was -86.10%, smaller than the maximum BLSG drawdown of -90.65%. Use the drawdown chart below to compare losses from any high point for DKNX and BLSG.
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Drawdown Indicators
| DKNX | BLSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.10% | -90.65% | +4.55% |
Current DrawdownCurrent decline from peak | -84.58% | -90.65% | +6.07% |
Average DrawdownAverage peak-to-trough decline | -59.28% | -62.14% | +2.86% |
Volatility
DKNX vs. BLSG - Volatility Comparison
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Volatility by Period
| DKNX | BLSG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 99.99% | 146.65% | -46.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.99% | 146.65% | -46.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 146.65% | -46.66% |
DKNX vs. BLSG - Expense Ratio Comparison
DKNX has a 1.29% expense ratio, which is higher than BLSG's 0.75% expense ratio.
Dividends
DKNX vs. BLSG - Dividend Comparison
Neither DKNX nor BLSG has paid dividends to shareholders.
Frequently Asked Questions
DKNX and BLSG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BLSG is cheaper with a 0.75% expense ratio, compared with 1.29% for DKNX.
DKNX and BLSG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for DKNX and 0.75% for BLSG.
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