CVNX vs QQQ
Defiance Daily Target 2X Long CVNA ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CVNX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.18% | |
| AUM | $3M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 8 | 108 | |
| YTD Return | -40.00% | +16.64% | |
| 1Y Return | -37.73% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 96.8% | 30.6% | |
| Max Drawdown | -69.6% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 28, 2025 | Mar 10, 1999 |
CVNX vs QQQ Performance
Defiance Daily Target 2X Long CVNA ETF (CVNX) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CVNX returned -37.73% while QQQ returned +27.27%. Year to date, CVNX is down 40.00% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
CVNX has been the more volatile fund, with annualized monthly volatility of 96.8% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -69.6% for CVNX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVNX charges 1.29% per year while QQQ charges 0.18%. On a $10,000 position that is $129 vs $18 annually, a gap of $111 per year that compounds over a long holding period. On income, CVNX currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
CVNX and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVNX or QQQ?
CVNX has an expense ratio of 1.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, CVNX or QQQ?
Over the past year CVNX returned -37.73% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), CVNX annualized -29.28% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, CVNX or QQQ?
CVNX has been the more volatile fund at 96.8% annualized versus 30.6% for QQQ. Worst drawdown: CVNX -69.6% vs QQQ -83.0%.
Should I hold both CVNX and QQQ?
CVNX and QQQ have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVNX and QQQ?
CVNX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, CVNX or QQQ?
CVNX yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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