RKLX vs. NVTX

Last updated Jun 4, 2026

RKLX (Defiance Daily Target 2X Long RKLB ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. RKLX charges 1.29%/yr vs 1.30%/yr for NVTX.

Performance

RKLX vs. NVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RKLB ETF (RKLX) and Tradr 2X Long NVTS Daily ETF (NVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RKLX achieves a 59.46% return, which is significantly lower than NVTX's 709.31% return.

RKLX

• 1D: -14.06%
• 1M: 69.79%
• YTD: 59.46%
• 6M: 247.53%
• 1Y: 535.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVTX

• 1D: 37.55%
• 1M: 188.72%
• YTD: 709.31%
• 6M: 416.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKLX vs. NVTX - Yearly Performance Comparison

	2026 (YTD)	2025
RKLX Defiance Daily Target 2X Long RKLB ETF	59.46%	57.97%
NVTX Tradr 2X Long NVTS Daily ETF	709.31%	-10.97%

Correlation

The correlation between RKLX and NVTX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.54

Return for Risk

RKLX vs. NVTX — Risk / Return Rank

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

RKLX

RKLX Risk / Return Rank: 78
RKLX Sharpe Ratio Rank: 88
RKLX Sortino Ratio Rank: 69
RKLX Omega Ratio Rank: 63
RKLX Calmar Ratio Rank: 94
RKLX Martin Ratio Rank: 77

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.

RKLX vs. NVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RKLB ETF (RKLX) and Tradr 2X Long NVTS Daily ETF (NVTX). 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.

	RKLX	NVTX	Difference
Sharpe ratio: Return per unit of total volatility	2.94	—	—
Sortino ratio: Return per unit of downside risk	3.12	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	7.53	—	—
Martin ratio: Return relative to average drawdown	14.71	—	—
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

	RKLX	NVTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.69	5.24	-1.55

Drawdowns

RKLX vs. NVTX - Drawdown Comparison

The maximum RKLX drawdown since its inception was -71.71%, smaller than the maximum NVTX drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for RKLX and NVTX.

Drawdown Indicators

	RKLX	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-71.71%	-89.20%	+17.49%
Max Drawdown (1Y) Largest decline over 1 year	-71.71%	—	—
Current Drawdown Current decline from peak	-44.20%	-10.79%	-33.41%
Average Drawdown Average peak-to-trough decline	-25.90%	-60.85%	+34.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.65%	—	—

Volatility

Volatility by Period

	RKLX	NVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	80.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	142.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	183.57%	266.88%	-83.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	181.89%	266.88%	-84.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	181.89%	266.88%	-84.99%

RKLX vs. NVTX - Expense Ratio Comparison

RKLX has a 1.29% expense ratio, which is lower than NVTX's 1.30% expense ratio.

Dividends

RKLX vs. NVTX - Dividend Comparison

RKLX's dividend yield for the trailing twelve months is around 9.37%, more than NVTX's 2.11% yield.

Position	TTM	2025
NVTX Tradr 2X Long NVTS Daily ETF	2.11%	17.05%
RKLX Defiance Daily Target 2X Long RKLB ETF	9.37%	14.94%

Frequently Asked Questions

Can I hold both RKLX and NVTX in my portfolio?

RKLX and NVTX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RKLX or NVTX?

On fees, RKLX is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RKLX or NVTX?

RKLX is cheaper with a 1.29% expense ratio, compared with 1.30% for NVTX.

Which ETF pays a higher dividend yield, RKLX or NVTX?

RKLX has the higher dividend yield at 9.37%, compared with 2.11% for NVTX.

What is the main difference between RKLX and NVTX?

They also come from different issuers: Defiance and Tradr. Their fees differ too: 1.29% for RKLX and 1.30% for NVTX.