DKNX vs SCHD
Defiance Daily Target 2X Long DKNG ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | DKNX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.06% | |
| AUM | $5M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 10 | 104 | |
| YTD Return | -66.01% | +25.33% | |
| 1Y Return | -79.83% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 72.9% | 13.6% | |
| Max Drawdown | -87.0% | -33.4% | |
| Fund Family | Defiance ETFs, LLC | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jul 30, 2025 | Oct 20, 2011 |
DKNX vs SCHD Performance
Defiance Daily Target 2X Long DKNG ETF (DKNX) is a ETF from Defiance ETFs, LLC and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DKNX returned -79.83% while SCHD returned +32.31%. Year to date, DKNX is down 66.01% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
DKNX has been the more volatile fund, with annualized monthly volatility of 72.9% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DKNX charges 1.29% per year while SCHD charges 0.06%. On a $10,000 position that is $129 vs $6 annually, a gap of $123 per year that compounds over a long holding period. On income, DKNX currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
DKNX and SCHD share 0 holdings out of 101 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 SCHD?
DKNX has an expense ratio of 1.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, DKNX or SCHD?
Over the past year DKNX returned -79.83% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), DKNX annualized -81.26% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, DKNX or SCHD?
DKNX has been the more volatile fund at 72.9% annualized versus 13.6% for SCHD. Worst drawdown: DKNX -87.0% vs SCHD -33.4%.
Should I hold both DKNX and SCHD?
DKNX and SCHD have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DKNX and SCHD?
DKNX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, DKNX or SCHD?
DKNX yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.