DKNX vs. BLSG

Last updated Jun 6, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long DKNG ETF (DKNX) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DKNX achieves a -57.81% return, which is significantly higher than BLSG's -62.80% return.

DKNX

• 1D: -3.93%
• 1M: 4.37%
• YTD: -57.81%
• 6M: -57.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLSG

• 1D: -17.49%
• 1M: -65.47%
• YTD: -62.80%
• 6M: -76.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DKNX vs. BLSG - Yearly Performance Comparison

	2026 (YTD)	2025
DKNX Defiance Daily Target 2X Long DKNG ETF	-57.81%	1.49%
BLSG Leverage Shares 2X Long BLSH Daily ETF	-62.80%	-60.00%

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 28, 2025	0.27

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.

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

Sharpe Ratios by Period

	DKNX	BLSG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.88	-0.66	-0.22

Drawdowns

DKNX vs. BLSG - Drawdown Comparison

The maximum DKNX drawdown since its inception was -86.10%, roughly equal to the maximum BLSG drawdown of -85.12%. Use the drawdown chart below to compare losses from any high point for DKNX and BLSG.

Drawdown Indicators

	DKNX	BLSG	Difference
Max Drawdown Largest peak-to-trough decline	-86.10%	-85.12%	-0.98%
Current Drawdown Current decline from peak	-81.39%	-85.12%	+3.73%
Average Drawdown Average peak-to-trough decline	-58.12%	-60.43%	+2.31%

Volatility

Volatility by Period

	DKNX	BLSG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	96.13%	146.67%	-50.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.13%	146.67%	-50.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.13%	146.67%	-50.54%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DKNX and BLSG in my portfolio?

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.

Which ETF is better, DKNX or BLSG?

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.

Which ETF is cheaper, DKNX or BLSG?

BLSG is cheaper with a 0.75% expense ratio, compared with 1.29% for DKNX.

Which ETF pays a higher dividend yield, DKNX or BLSG?

DKNX and BLSG have nearly identical dividend yields, around 0.00%.

What is the main difference between DKNX and BLSG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for DKNX and 0.75% for BLSG.