NVOX vs. BRKW

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long NVO ETF (NVOX) and Roundhill BRKB WeeklyPay ETF (BRKW).

NVOX and BRKW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVOX is an actively managed fund by Defiance. It was launched on Dec 2, 2024. BRKW is an actively managed fund by Roundhill. It was launched on Jun 17, 2025.

Performance

NVOX vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long NVO ETF (NVOX) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

NVOX vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
NVOX Defiance Daily Target 2X Long NVO ETF	-53.27%	-63.22%
BRKW Roundhill BRKB WeeklyPay ETF	-6.47%	2.09%

Returns By Period

In the year-to-date period, NVOX achieves a -53.27% return, which is significantly lower than BRKW's -6.47% return.

NVOX

• 1D: 8.95%
• 1M: -0.39%
• YTD: -53.27%
• 6M: -63.77%
• 1Y: -82.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKW

• 1D: 0.90%
• 1M: -6.49%
• YTD: -6.47%
• 6M: -7.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVOX vs. BRKW - Expense Ratio Comparison

NVOX has a 1.29% expense ratio, which is higher than BRKW's 0.99% expense ratio.

NVOX

Defiance Daily Target 2X Long NVO ETF

BRKW

Roundhill BRKB WeeklyPay ETF

Return for Risk

NVOX vs. BRKW — Risk / Return Rank

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

NVOX

NVOX Risk / Return Rank: 1
NVOX Sharpe Ratio Rank: 2
NVOX Sortino Ratio Rank: 1
NVOX Omega Ratio Rank: 1
NVOX Calmar Ratio Rank: 0
NVOX Martin Ratio Rank: 2

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.

NVOX vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long NVO ETF (NVOX) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.

	NVOX	BRKW	Difference
Sharpe ratio Return per unit of total volatility	-0.76	—	—
Sortino ratio Return per unit of downside risk	-1.26	—	—
Omega ratio Gain probability vs. loss probability	0.83	—	—
Calmar ratio Return relative to maximum drawdown	-0.94	—	—
Martin ratio Return relative to average drawdown	-1.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NVOX	BRKW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.82	-0.32	-0.50

Correlation

The correlation between NVOX and BRKW is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NVOX vs. BRKW - Dividend Comparison

NVOX has not paid dividends to shareholders, while BRKW's dividend yield for the trailing twelve months is around 20.90%.

	TTM	2025
NVOX Defiance Daily Target 2X Long NVO ETF	0.00%	0.00%
BRKW Roundhill BRKB WeeklyPay ETF	20.90%	14.45%

Drawdowns

NVOX vs. BRKW - Drawdown Comparison

The maximum NVOX drawdown since its inception was -94.50%, which is greater than BRKW's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for NVOX and BRKW.

Drawdown Indicators

	NVOX	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-94.50%	-11.86%	-82.64%
Max Drawdown (1Y) Largest decline over 1 year	-87.05%	—	—
Current Drawdown Current decline from peak	-93.94%	-9.45%	-84.49%
Average Drawdown Average peak-to-trough decline	-71.93%	-4.26%	-67.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.91%	—	—

Volatility

Volatility by Period

	NVOX	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	80.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	108.04%	17.95%	+90.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.36%	17.95%	+89.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.36%	17.95%	+89.41%