CVNX vs VYM
Defiance Daily Target 2X Long CVNA ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | CVNX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.04% | |
| AUM | $3M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 8 | 568 | |
| YTD Return | -40.00% | +16.78% | |
| 1Y Return | -37.73% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 96.8% | 14.6% | |
| Max Drawdown | -69.6% | -58.8% | |
| Fund Family | Defiance ETFs, LLC | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 28, 2025 | Nov 10, 2006 |
CVNX vs VYM Performance
Defiance Daily Target 2X Long CVNA ETF (CVNX) is a ETF from Defiance ETFs, LLC and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CVNX returned -37.73% while VYM returned +24.43%. Year to date, CVNX is down 40.00% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
CVNX has been the more volatile fund, with annualized monthly volatility of 96.8% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVNX charges 1.29% per year while VYM charges 0.04%. On a $10,000 position that is $129 vs $4 annually, a gap of $125 per year that compounds over a long holding period. On income, CVNX currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
CVNX and VYM share 0 holdings out of 560 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 VYM?
CVNX has an expense ratio of 1.29% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $125 per year of difference.
Which performed better, CVNX or VYM?
Over the past year CVNX returned -37.73% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), CVNX annualized -29.28% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, CVNX or VYM?
CVNX has been the more volatile fund at 96.8% annualized versus 14.6% for VYM. Worst drawdown: CVNX -69.6% vs VYM -58.8%.
Should I hold both CVNX and VYM?
CVNX and VYM have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVNX and VYM?
CVNX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, CVNX or VYM?
CVNX yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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