CVNX vs VYM
Defiance Daily Target 2X Long CVNA ETF vs Vanguard High Dividend Yield ETF
Which is better, CVNX or VYM?
Trading-Leveraged Equity against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVNX | VYM |
|---|---|---|
| Expense Ratio | 1.29% | 0.04%Best |
| AUM | $3M | $81.6B |
| Dividend Yield | 0.00% | 2.22% |
| Holdings | 8 | 613 |
| Volatility (annualized) | 96.8% | 9.5%Best |
| Max Drawdown | -69.6% | -6.7%Best |
| $10,000 over 1 years | $7,072 | $12,517Best |
| Fund Family | Defiance ETFs, LLC | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Value |
| Inception | May 28, 2025 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 101 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CVNX has data through Jun 8, 2026 and VYM through Sep 17, 2026.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: May 29, 2025 to Jun 8, 2026 (1 years).
Risk: Volatility and Drawdowns
CVNX has been the more volatile fund, with annualized monthly volatility of 96.8% compared with 9.5% 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 -6.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
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 2.22% for VYM.
Holdings Overlap
We hold position weights for 2 holdings in CVNX and 557 in VYM, totalling 29.9% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 92 days apart, CVNX as of Apr 30, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 2 positions we hold weights for in CVNX and 557 in VYM, against full books of 8 and 613.
You are not choosing between two funds in isolation.
Whichever of CVNX and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $125 a year on a $10,000 investment.
Which is riskier, CVNX or VYM?
CVNX has been the more volatile fund at 96.8% annualized versus 9.5% for VYM. Worst drawdown: CVNX -69.6% vs VYM -6.7%.
Should I hold both CVNX and VYM?
CVNX and VYM have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CVNX or VYM?
CVNX yields 0.00% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than CVNX?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.