DKNX vs QQQ
Defiance Daily Target 2X Long DKNG ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | DKNX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.18% | |
| AUM | $5M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 10 | 108 | |
| YTD Return | -63.04% | +19.68% | |
| 1Y Return | -78.57% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 75.2% | 30.6% | |
| Max Drawdown | -87.0% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 30, 2025 | Mar 10, 1999 |
DKNX vs QQQ Performance
Defiance Daily Target 2X Long DKNG ETF (DKNX) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DKNX returned -78.57% while QQQ returned +26.75%. Year to date, DKNX is down 63.04% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
DKNX has been the more volatile fund, with annualized monthly volatility of 75.2% compared with 30.6% 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 -83.0% for QQQ. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.41% for QQQ.
Holdings Overlap
DKNX and QQQ share 0 holdings out of 104 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 QQQ?
DKNX has an expense ratio of 1.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, DKNX or QQQ?
Over the past year DKNX returned -78.57% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), DKNX annualized -79.41% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, DKNX or QQQ?
DKNX has been the more volatile fund at 75.2% annualized versus 30.6% for QQQ. Worst drawdown: DKNX -87.0% vs QQQ -83.0%.
Should I hold both DKNX and QQQ?
DKNX and QQQ have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DKNX and QQQ?
DKNX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, DKNX or QQQ?
DKNX yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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