DKNX vs IVV
Defiance Daily Target 2X Long DKNG ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DKNX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.03% | |
| AUM | $5M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 10 | 508 | |
| YTD Return | -63.19% | +13.43% | |
| 1Y Return | -78.16% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 75.1% | 15.1% | |
| Max Drawdown | -87.0% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 30, 2025 | May 15, 2000 |
DKNX vs IVV Performance
Defiance Daily Target 2X Long DKNG ETF (DKNX) is a ETF from Defiance ETFs, LLC and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DKNX returned -78.16% while IVV returned +22.61%. Year to date, DKNX is down 63.19% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
DKNX has been the more volatile fund, with annualized monthly volatility of 75.1% compared with 15.1% for IVV. 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 -87.0% for DKNX and -56.5% for IVV. 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DKNX charges 1.29% per year while IVV charges 0.03%. On a $10,000 position that is $129 vs $3 annually, a gap of $126 per year that compounds over a long holding period. On income, DKNX currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
DKNX and IVV share 0 holdings out of 506 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, DKNX or IVV?
DKNX has an expense ratio of 1.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $126 per year of difference.
Which performed better, DKNX or IVV?
Over the past year DKNX returned -78.16% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), DKNX annualized -79.67% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, DKNX or IVV?
DKNX has been the more volatile fund at 75.1% annualized versus 15.1% for IVV. Worst drawdown: DKNX -87.0% vs IVV -56.5%.
Should I hold both DKNX and IVV?
DKNX and IVV have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DKNX and IVV?
DKNX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DKNX or IVV?
DKNX yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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