RKNG vs. IWMY

Last updated Jun 5, 2026

RKNG (Defiance Retail Kings ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - RKNG is a Consumer Discretionary Equities fund actively managed by Defiance, while IWMY is a Options Trading fund tracking the Russell 2000 Index. RKNG is actively managed, while IWMY is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. RKNG charges 0.79%/yr vs 0.99%/yr for IWMY.

Performance

RKNG vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Retail Kings ETF (RKNG) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RKNG

• 1D: -0.12%
• 1M: 12.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMY

• 1D: 1.41%
• 1M: 2.87%
• YTD: 13.83%
• 6M: 12.08%
• 1Y: 24.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKNG vs. IWMY - Yearly Performance Comparison

	2026 (YTD)
RKNG Defiance Retail Kings ETF	16.03%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	5.76%

Correlation

The correlation between RKNG and IWMY is 0.80, 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 Jan 23, 2026	0.80

Return for Risk

RKNG vs. IWMY — Risk / Return Rank

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

IWMY

IWMY Risk / Return Rank: 44
IWMY Sharpe Ratio Rank: 47
IWMY Sortino Ratio Rank: 43
IWMY Omega Ratio Rank: 43
IWMY Calmar Ratio Rank: 44
IWMY Martin Ratio Rank: 44

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.

RKNG vs. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Retail Kings ETF (RKNG) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.

Sharpe Ratios by Period

	RKNG	IWMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.99	-0.13

Drawdowns

RKNG vs. IWMY - Drawdown Comparison

The maximum RKNG drawdown since its inception was -34.21%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for RKNG and IWMY.

Drawdown Indicators

	RKNG	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-18.72%	-15.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.57%	—
Current Drawdown Current decline from peak	-2.72%	0.00%	-2.72%
Average Drawdown Average peak-to-trough decline	-12.80%	-2.98%	-9.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.51%	—

Volatility

Volatility by Period

	RKNG	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	58.62%	15.74%	+42.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.62%	15.76%	+42.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.62%	15.76%	+42.86%

RKNG vs. IWMY - Expense Ratio Comparison

RKNG has a 0.79% expense ratio, which is lower than IWMY's 0.99% expense ratio.

Dividends

RKNG vs. IWMY - Dividend Comparison

RKNG has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 46.16%.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	46.16%	63.33%	107.92%	11.34%
RKNG Defiance Retail Kings ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RKNG and IWMY in my portfolio?

RKNG and IWMY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RKNG or IWMY?

On fees, RKNG is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RKNG or IWMY?

RKNG is cheaper with a 0.79% expense ratio, compared with 0.99% for IWMY.

Which ETF pays a higher dividend yield, RKNG or IWMY?

IWMY has the higher dividend yield at 46.16%, compared with 0.00% for RKNG.

What is the main difference between RKNG and IWMY?

RKNG is categorized as Consumer Discretionary Equities, while IWMY is Options Trading. Their fees differ too: 0.79% for RKNG and 0.99% for IWMY.