DKNX vs. SBU
DKNX (Defiance Daily Target 2X Long DKNG ETF) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. DKNX charges 1.29%/yr vs 0.75%/yr for SBU.
Performance
DKNX vs. SBU - Performance Comparison
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Returns By Period
In the year-to-date period, DKNX achieves a -65.05% return, which is significantly lower than SBU's 39.21% return.
DKNX
- 1D
- -11.57%
- 1M
- -10.92%
- YTD
- -65.05%
- 6M
- -65.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBU
- 1D
- -0.94%
- 1M
- 1.86%
- YTD
- 39.21%
- 6M
- 37.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DKNX vs. SBU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DKNX Defiance Daily Target 2X Long DKNG ETF | -65.05% | 30.26% |
SBU Leverage Shares 2X Long SBUX Daily ETF | 39.21% | -6.03% |
Correlation
The correlation between DKNX and SBU is 0.18, 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 Nov 17, 2025 | 0.18 |
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Return for Risk
DKNX vs. SBU - 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 SBUX Daily ETF (SBU). 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. SBU - Drawdown Comparison
The maximum DKNX drawdown since its inception was -86.10%, which is greater than SBU's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for DKNX and SBU.
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Drawdown Indicators
| DKNX | SBU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.10% | -28.10% | -58.00% |
Current DrawdownCurrent decline from peak | -84.58% | -8.50% | -76.08% |
Average DrawdownAverage peak-to-trough decline | -59.28% | -7.39% | -51.89% |
Volatility
DKNX vs. SBU - Volatility Comparison
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Volatility by Period
| DKNX | SBU | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 99.99% | 59.15% | +40.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.99% | 59.15% | +40.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 59.15% | +40.84% |
DKNX vs. SBU - Expense Ratio Comparison
DKNX has a 1.29% expense ratio, which is higher than SBU's 0.75% expense ratio.
Dividends
DKNX vs. SBU - Dividend Comparison
Neither DKNX nor SBU has paid dividends to shareholders.
Frequently Asked Questions
DKNX and SBU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBU is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBU is cheaper with a 0.75% expense ratio, compared with 1.29% for DKNX.
DKNX and SBU 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 SBU.
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