DKNX vs QQQ
Defiance Daily Target 2X Long DKNG ETF vs Invesco QQQ Trust, Series 1
Which is better, DKNX or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. QQQ 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 | DKNX | QQQ |
|---|---|---|
| Expense Ratio | 1.29% | 0.18%Best |
| AUM | $3M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 10 | 107 |
| Volatility (annualized) | 72.2% | 21.3%Best |
| Max Drawdown | -87.0% | -12.0%Best |
| $10,000 over 1.1 years | $1,657 | $12,904Best |
| Fund Family | Defiance ETFs, LLC | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Jul 30, 2025 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 22 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DKNX has data through Aug 27, 2026 and QQQ through Sep 18, 2026.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Jul 31, 2025 to Aug 27, 2026 (1.1 years).
Risk: Volatility and Drawdowns
DKNX has been the more volatile fund, with annualized monthly volatility of 72.2% compared with 21.3% 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 -87.0% for DKNX and -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.24. They move largely independently of each other.
Fees and Cost Over Time
DKNX 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, DKNX currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in DKNX and 102 in QQQ, totalling 10.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in DKNX and 102 in QQQ, against full books of 10 and 107.
You are not choosing between two funds in isolation.
Whichever of DKNX and QQQ 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, DKNX or QQQ?
DKNX has an expense ratio of 1.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $111 a year on a $10,000 investment.
Which is riskier, DKNX or QQQ?
DKNX has been the more volatile fund at 72.2% annualized versus 21.3% for QQQ. Worst drawdown: DKNX -87.0% vs QQQ -12.0%.
Should I hold both DKNX and QQQ?
DKNX and QQQ have a monthly-return correlation of 0.24, 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, DKNX or QQQ?
DKNX yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than DKNX?
QQQ has a lower expense ratio. QQQ 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.