DKNX vs. GLDY

Last updated Jun 6, 2026

DKNX (Defiance Daily Target 2X Long DKNG ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - DKNX is a Leveraged Equities fund actively managed by Defiance, while GLDY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. DKNX charges 1.29%/yr vs 0.99%/yr for GLDY.

Performance

DKNX vs. GLDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long DKNG ETF (DKNX) and Defiance Gold Enhanced Options Income ETF (GLDY). 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 lower than GLDY's -5.06% return.

DKNX

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

GLDY

• 1D: -3.20%
• 1M: -6.81%
• YTD: -5.06%
• 6M: -3.13%
• 1Y: 10.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DKNX vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
DKNX Defiance Daily Target 2X Long DKNG ETF	-57.81%	-50.48%
GLDY Defiance Gold Enhanced Options Income ETF	-5.06%	16.21%

Correlation

The correlation between DKNX and GLDY is -0.03, 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 1, 2025	-0.03

Return for Risk

DKNX vs. GLDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDY

GLDY Risk / Return Rank: 18
GLDY Sharpe Ratio Rank: 18
GLDY Sortino Ratio Rank: 16
GLDY Omega Ratio Rank: 20
GLDY Calmar Ratio Rank: 18
GLDY Martin Ratio Rank: 18

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.

DKNX vs. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long DKNG ETF (DKNX) and Defiance Gold Enhanced Options Income ETF (GLDY). 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	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.88	0.41	-1.29

Drawdowns

DKNX vs. GLDY - Drawdown Comparison

The maximum DKNX drawdown since its inception was -86.10%, which is greater than GLDY's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for DKNX and GLDY.

Drawdown Indicators

	DKNX	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-86.10%	-15.57%	-70.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.57%	—
Current Drawdown Current decline from peak	-81.39%	-15.57%	-65.82%
Average Drawdown Average peak-to-trough decline	-58.12%	-3.98%	-54.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.75%	—

Volatility

Volatility by Period

	DKNX	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	96.13%	20.12%	+76.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.13%	19.75%	+76.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.13%	19.75%	+76.38%

DKNX vs. GLDY - Expense Ratio Comparison

DKNX has a 1.29% expense ratio, which is higher than GLDY's 0.99% expense ratio.

Dividends

DKNX vs. GLDY - Dividend Comparison

DKNX has not paid dividends to shareholders, while GLDY's dividend yield for the trailing twelve months is around 48.65%.

Position	TTM	2025
DKNX Defiance Daily Target 2X Long DKNG ETF	0.00%	0.00%
GLDY Defiance Gold Enhanced Options Income ETF	48.65%	37.38%

Frequently Asked Questions

Can I hold both DKNX and GLDY in my portfolio?

DKNX and GLDY have a correlation of -0.03, 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 GLDY?

On fees, GLDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DKNX or GLDY?

GLDY is cheaper with a 0.99% expense ratio, compared with 1.29% for DKNX.

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

GLDY has the higher dividend yield at 48.65%, compared with 0.00% for DKNX.

What is the main difference between DKNX and GLDY?

DKNX is categorized as Leveraged Equities, while GLDY is Derivative Income. Their fees differ too: 1.29% for DKNX and 0.99% for GLDY.