DKNX vs. CRWG
DKNX (Defiance Daily Target 2X Long DKNG ETF) and CRWG (Leverage Shares 2X Long CRWV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. DKNX charges 1.29%/yr vs 0.75%/yr for CRWG.
Performance
DKNX vs. CRWG - Performance Comparison
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Returns By Period
In the year-to-date period, DKNX achieves a -60.97% return, which is significantly lower than CRWG's -40.18% return.
DKNX
- 1D
- -3.74%
- 1M
- -27.78%
- 6M
- -62.51%
- YTD
- -60.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRWG
- 1D
- -11.03%
- 1M
- -63.95%
- 6M
- -64.91%
- YTD
- -40.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DKNX vs. CRWG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DKNX Defiance Daily Target 2X Long DKNG ETF | -60.97% | -44.75% |
CRWG Leverage Shares 2X Long CRWV Daily ETF | -40.18% | -81.81% |
Correlation
The correlation between DKNX and CRWG is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.10 |
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Return for Risk
DKNX vs. CRWG - 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 CRWV Daily ETF (CRWG). 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. CRWG - Drawdown Comparison
The maximum DKNX drawdown since its inception was -86.10%, smaller than the maximum CRWG drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for DKNX and CRWG.
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Drawdown Indicators
| DKNX | CRWG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.10% | -91.06% | +4.96% |
Current DrawdownCurrent decline from peak | -82.78% | -91.06% | +8.28% |
Average DrawdownAverage peak-to-trough decline | -60.55% | -70.06% | +9.51% |
Volatility
DKNX vs. CRWG - Volatility Comparison
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Volatility by Period
| DKNX | CRWG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 100.92% | 188.10% | -87.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.92% | 188.10% | -87.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.92% | 188.10% | -87.18% |
DKNX vs. CRWG - Expense Ratio Comparison
DKNX has a 1.29% expense ratio, which is higher than CRWG's 0.75% expense ratio.
Dividends
DKNX vs. CRWG - Dividend Comparison
DKNX has not paid dividends to shareholders, while CRWG's dividend yield for the trailing twelve months is around 12.36%.
| Position | TTM | 2025 |
|---|---|---|
CRWG Leverage Shares 2X Long CRWV Daily ETF | 12.36% | 7.39% |
DKNX Defiance Daily Target 2X Long DKNG ETF | 0.00% | 0.00% |
Frequently Asked Questions
DKNX and CRWG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRWG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRWG is cheaper with a 0.75% expense ratio, compared with 1.29% for DKNX.
CRWG has the higher dividend yield at 12.36%, compared with 0.00% for DKNX.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for DKNX and 0.75% for CRWG.
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