CVNX vs SCHD
Defiance Daily Target 2X Long CVNA ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | CVNX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.06% | |
| AUM | $3M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 8 | 104 | |
| YTD Return | -40.00% | +25.58% | |
| 1Y Return | -37.73% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 96.8% | 13.6% | |
| Max Drawdown | -69.6% | -33.4% | |
| Fund Family | Defiance ETFs, LLC | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | May 28, 2025 | Oct 20, 2011 |
CVNX vs SCHD Performance
Defiance Daily Target 2X Long CVNA ETF (CVNX) is a ETF from Defiance ETFs, LLC and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CVNX returned -37.73% while SCHD returned +31.06%. Year to date, CVNX is down 40.00% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
CVNX has been the more volatile fund, with annualized monthly volatility of 96.8% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVNX charges 1.29% per year while SCHD charges 0.06%. On a $10,000 position that is $129 vs $6 annually, a gap of $123 per year that compounds over a long holding period. On income, CVNX currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
CVNX and SCHD share 0 holdings out of 102 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 SCHD?
CVNX has an expense ratio of 1.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, CVNX or SCHD?
Over the past year CVNX returned -37.73% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), CVNX annualized -29.28% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, CVNX or SCHD?
CVNX has been the more volatile fund at 96.8% annualized versus 13.6% for SCHD. Worst drawdown: CVNX -69.6% vs SCHD -33.4%.
Should I hold both CVNX and SCHD?
CVNX and SCHD have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVNX and SCHD?
CVNX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, CVNX or SCHD?
CVNX yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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