DKNX vs. NVDG
DKNX (Defiance Daily Target 2X Long DKNG ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. DKNX charges 1.29%/yr vs 0.75%/yr for NVDG.
Performance
DKNX vs. NVDG - Performance Comparison
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Returns By Period
In the year-to-date period, DKNX achieves a -57.81% return, which is significantly lower than NVDG's 8.61% return.
DKNX
- 1D
- -3.93%
- 1M
- 4.37%
- YTD
- -57.81%
- 6M
- -57.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDG
- 1D
- -12.31%
- 1M
- -4.74%
- YTD
- 8.61%
- 6M
- 11.95%
- 1Y
- 70.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DKNX vs. NVDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DKNX Defiance Daily Target 2X Long DKNG ETF | -57.81% | -50.48% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 8.61% | -0.57% |
Correlation
The correlation between DKNX and NVDG is 0.17, 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 Aug 1, 2025 | 0.17 |
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Return for Risk
DKNX vs. NVDG — Risk / Return Rank
DKNX
NVDG
DKNX vs. NVDG - 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 NVDA Daily ETF (NVDG). 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.
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Sharpe Ratios by Period
| DKNX | NVDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.88 | 0.30 | -1.18 |
Drawdowns
DKNX vs. NVDG - Drawdown Comparison
The maximum DKNX drawdown since its inception was -86.10%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for DKNX and NVDG.
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Drawdown Indicators
| DKNX | NVDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.10% | -66.19% | -19.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.72% | — |
Current DrawdownCurrent decline from peak | -81.39% | -25.43% | -55.96% |
Average DrawdownAverage peak-to-trough decline | -58.12% | -23.05% | -35.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.86% | — |
Volatility
DKNX vs. NVDG - Volatility Comparison
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Volatility by Period
| DKNX | NVDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 51.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.13% | 68.90% | +27.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.13% | 91.12% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.13% | 91.12% | +5.01% |
DKNX vs. NVDG - Expense Ratio Comparison
DKNX has a 1.29% expense ratio, which is higher than NVDG's 0.75% expense ratio.
Dividends
DKNX vs. NVDG - Dividend Comparison
DKNX has not paid dividends to shareholders, while NVDG's dividend yield for the trailing twelve months is around 10.88%.
| Position | TTM | 2025 |
|---|---|---|
DKNX Defiance Daily Target 2X Long DKNG ETF | 0.00% | 0.00% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 10.88% | 11.81% |
Frequently Asked Questions
DKNX and NVDG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDG is cheaper with a 0.75% expense ratio, compared with 1.29% for DKNX.
NVDG has the higher dividend yield at 10.88%, 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 NVDG.
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