CVNX vs LIBD

Comparison between DEFIANCE DAILY TARGET 2X LONG CVNA ETF (CVNX, ETF) and Stone Ridge 2065 InflationProtected Longevity Income ETF (LIBD, ETF).

CVNX vs LIBD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CVNX(ETF)	LIBD(ETF)
Net Assets	$4.10M	$4.20M
Expense Ratio	N/A	0.25%
Max Drawdown	69.62%	15.70%
Sharpe Ratio	0.07	-0.13
5Y Beta	4.20	0.13

Net Assets

CVNX

$4.10M

Winner

LIBD

$4.20M

Expense Ratio

CVNX

N/A

LIBD

0.25%

Max Drawdown

CVNX

69.62%

Winner

LIBD

15.70%

Sharpe Ratio

Winner

CVNX

0.07

LIBD

-0.13

5Y Beta

CVNX

4.20

Winner

LIBD

0.13

CVNX vs LIBD - Holdings Comparison

CVNX and LIBD have 1 common holdings. Overlap is 1.24%

CVNX's top 25 holdings weight is 5.64%. LIBD's top 25 holdings weight is 2.48%.

Rank	CVNX	LIBD
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.64%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 1.24%
#2	N/A	MORGAN STANLEY INSTL LQUDTY GOVT INSTL (MVRXX) - 1.24%
#3	N/A	N/A
#4	N/A	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	2

CVNX vs LIBD - Historical Returns

Returns include dividend reinvestment.

Period	CVNX	LIBD
1 month	-23.31%	-1.01%
3 months	-0.25%	-2.31%
6 months	-53.30%	-0.83%
1 year	-37.73%	+3.06%
Max(CAGR)	-29.28%	+2.16%

CVNX

-23.31%

Winner

LIBD

-1.01%

Winner

CVNX

-0.25%

LIBD

-2.31%

CVNX

-53.30%

Winner

LIBD

-0.83%

CVNX

-37.73%

Winner

LIBD

+3.06%

Max(CAGR)

CVNX

-29.28%

Winner

LIBD

+2.16%

CVNX vs LIBD - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CVNX	LIBD
2026	-40.00%	-0.23%
2025	+31.03%	+3.40%

CVNX vs LIBD Drawdown Comparison

The maximum drawdown for CVNX was -69.62%, occurring on Mar 20, 2026. This drawdown has not yet recovered.

The maximum drawdown for LIBD was -7.30%, occurring on May 21, 2025. Recovery took 158 trading sessions.

The current CVNX drawdown is -57.59%. The current LIBD drawdown is -4.45%.

Rank	CVNX	LIBD
#1	-69.62% Jan 22, 2026 - Mar 20, 2026	-7.30% Mar 3, 2025 - Oct 16, 2025
#2	-52.48% Jul 31, 2025 - Dec 8, 2025	-6.20% Oct 28, 2025 - May 19, 2026
#3	-30.93% Jun 4, 2025 - Jul 7, 2025	-2.83% Feb 5, 2025 - Feb 25, 2025
#4	-29.30% Dec 11, 2025 - Jan 22, 2026	-1.22% Jan 6, 2025 - Jan 15, 2025
#5	-17.67% Jul 7, 2025 - Jul 31, 2025	-0.90% Feb 26, 2025 - Feb 28, 2025
#6	N/A	-0.51% Jan 27, 2025 - Feb 3, 2025
#7	N/A	-0.50% Oct 22, 2025 - Oct 28, 2025
#8	N/A	-0.36% Jan 21, 2025 - Jan 24, 2025
#9	N/A	-0.32% Oct 16, 2025 - Oct 21, 2025

Correlation

Correlation between CVNX and LIBD is -0.36 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.36

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