LNOK vs. AMUU
LNOK (Defiance Daily Target 2X Long NOK ETF) and AMUU (Direxion Daily AMD Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. LNOK charges 1.31%/yr vs 0.97%/yr for AMUU.
Performance
LNOK vs. AMUU - Performance Comparison
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Returns By Period
LNOK
- 1D
- -15.23%
- 1M
- -48.22%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMUU
- 1D
- -11.31%
- 1M
- -7.52%
- 6M
- 245.12%
- YTD
- 285.26%
- 1Y
- 458.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LNOK vs. AMUU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LNOK Defiance Daily Target 2X Long NOK ETF | 89.51% |
AMUU Direxion Daily AMD Bull 2X Shares | 233.80% |
Correlation
The correlation between LNOK and AMUU is 0.42, 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 Jan 21, 2026 | 0.42 |
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Return for Risk
LNOK vs. AMUU — Risk / Return Rank
LNOK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMUU
LNOK vs. AMUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long NOK ETF (LNOK) and Direxion Daily AMD Bull 2X Shares (AMUU). 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.
| LNOK | AMUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.21 | — |
| Martin ratioReturn relative to average drawdown | — | 15.82 | — |
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Drawdowns
LNOK vs. AMUU - Drawdown Comparison
The maximum LNOK drawdown since its inception was -66.00%, which is greater than AMUU's maximum drawdown of -56.47%. Use the drawdown chart below to compare losses from any high point for LNOK and AMUU.
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Drawdown Indicators
| LNOK | AMUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.00% | -56.47% | -9.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -56.31% | — |
Current DrawdownCurrent decline from peak | -66.00% | -27.76% | -38.24% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -22.09% | +8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.16% | — |
Volatility
LNOK vs. AMUU - Volatility Comparison
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Volatility by Period
| LNOK | AMUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 43.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 106.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 135.40% | 137.43% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.40% | 133.98% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 135.40% | 133.98% | +1.42% |
LNOK vs. AMUU - Expense Ratio Comparison
LNOK has a 1.31% expense ratio, which is higher than AMUU's 0.97% expense ratio.
Dividends
LNOK vs. AMUU - Dividend Comparison
LNOK has not paid dividends to shareholders, while AMUU's dividend yield for the trailing twelve months is around 3.90%.
| Position | TTM | 2025 |
|---|---|---|
AMUU Direxion Daily AMD Bull 2X Shares | 3.90% | 13.58% |
LNOK Defiance Daily Target 2X Long NOK ETF | 0.00% | 0.00% |
Frequently Asked Questions
LNOK and AMUU have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMUU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMUU is cheaper with a 0.97% expense ratio, compared with 1.31% for LNOK.
AMUU has the higher dividend yield at 3.90%, compared with 0.00% for LNOK.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for LNOK and 0.97% for AMUU.
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