DKNX vs VYM
Defiance Daily Target 2X Long DKNG ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | DKNX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.04% | |
| AUM | $5M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 10 | 568 | |
| YTD Return | -66.01% | +16.10% | |
| 1Y Return | -79.83% | +25.99% | |
| 3Y Return (annualized) | - | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 72.9% | 14.6% | |
| Max Drawdown | -87.0% | -58.8% | |
| Fund Family | Defiance ETFs, LLC | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 30, 2025 | Nov 10, 2006 |
DKNX vs VYM Performance
Defiance Daily Target 2X Long DKNG ETF (DKNX) is a ETF from Defiance ETFs, LLC and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DKNX returned -79.83% while VYM returned +25.99%. Year to date, DKNX is down 66.01% versus a gain of 16.10% for VYM.
Risk: Volatility and Drawdowns
DKNX has been the more volatile fund, with annualized monthly volatility of 72.9% compared with 14.6% 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 -87.0% for DKNX and -58.8% for VYM. 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DKNX 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, DKNX currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
DKNX and VYM share 0 holdings out of 559 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 VYM?
DKNX has an expense ratio of 1.29% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $125 per year of difference.
Which performed better, DKNX or VYM?
Over the past year DKNX returned -79.83% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), DKNX annualized -81.26% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, DKNX or VYM?
DKNX has been the more volatile fund at 72.9% annualized versus 14.6% for VYM. Worst drawdown: DKNX -87.0% vs VYM -58.8%.
Should I hold both DKNX and VYM?
DKNX and VYM have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DKNX and VYM?
DKNX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, DKNX or VYM?
DKNX yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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