CVNX vs OBOR

Comparison between DEFIANCE DAILY TARGET 2X LONG CVNA ETF (CVNX, ETF) and KRANESHARES MSCI ONE BELT ONE ROAD INDEX ETF (OBOR, ETF).

CVNX vs OBOR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CVNX(ETF)	OBOR(ETF)
Net Assets	$3.30M	$4.20M
Expense Ratio	N/A	0.79%
Max Drawdown	69.62%	44.00%
Sharpe Ratio	0.17	0.82
5Y Beta	4.05	0.42
5Y Dividends CAGR	N/A	-13.24%

Net Assets

CVNX

$3.30M

Winner

OBOR

$4.20M

Expense Ratio

CVNX

N/A

OBOR

0.79%

Max Drawdown

CVNX

69.62%

Winner

OBOR

44.00%

Sharpe Ratio

CVNX

0.17

Winner

OBOR

0.82

5Y Beta

CVNX

4.05

Winner

OBOR

0.42

5Y Dividends CAGR

CVNX

N/A

OBOR

-13.24%

CVNX vs OBOR - Holdings Comparison

CVNX and OBOR have 0 common holdings. Overlap is 0.00%

CVNX's top 25 holdings weight is 1.34%. OBOR's top 25 holdings weight is 62.04%.

Rank	CVNX	OBOR
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 1.34%	KUWAIT FINANCE HOUSE (n/a) - 9.08%
#2	N/A	OVERSEA-CHINESE BANKING CORP LTD (n/a) - 7.86%
#3	N/A	VALTERRA PLATINUM LTD (n/a) - 5.78%
#4	N/A	CHINA YANGTZE POWER CO LTD CLASS A (n/a) - 4.24%
#5	N/A	KGHM POLSKA MIEDZ SA (n/a) - 3.74%
#6	N/A	n/a (n/a) - 3.31%
#7	N/A	IMPALA PLATINUM HOLDINGS LTD (n/a) - 3.27%
#8	N/A	CHINA PETROLEUM & CHEMICAL CORP CLASS H (n/a) - 2.00%
#9	N/A	NORTHAM PLATINUM HOLDINGS LTD (n/a) - 1.88%
#10	N/A	SINGAPORE TECHNOLOGIES ENGINEERING LTD (n/a) - 1.82%
#11	N/A	NATIONAL ATOMIC CO KAZATOMPROM JSC ADR (NATKY) - 1.74%
#12	N/A	n/a (n/a) - 1.59%
#13	N/A	BANK OF NINGBO CO LTD CLASS A (n/a) - 1.43%
#14	N/A	NARI TECHNOLOGY CO LTD CLASS A (n/a) - 1.35%
#15	N/A	ICL GROUP LTD (n/a) - 1.33%
#16	N/A	BANK OF JIANGSU CO LTD CLASS A (n/a) - 1.32%
#17	N/A	PT AMMAN MINERAL INTERNASIONAL TBK (n/a) - 1.31%
#18	N/A	n/a (n/a) - 1.30%
#19	N/A	n/a (n/a) - 1.25%
#20	N/A	TURK HAVA YOLLARI AO (n/a) - 1.17%
#21	N/A	n/a (n/a) - 1.11%
#22	N/A	SINGAPORE AIRLINES LTD (n/a) - 1.09%
#23	N/A	PETRONAS CHEMICALS GROUP BHD (n/a) - 1.07%
#24	N/A	UPL LTD (n/a) - 1.04%
#25	N/A	n/a (ZIM) - 0.96%
Total Holdings	1	129

CVNX vs OBOR - Historical Returns

Returns include dividend reinvestment.

Period	CVNX	OBOR
1 month	-13.71%	-5.46%
3 months	+26.16%	-5.73%
6 months	-54.68%	+3.45%
1 year	-28.59%	+17.55%
5 years(CAGR)	N/A	+0.71%
10 years(CAGR)	N/A	+3.51%
Max(CAGR)	-29.02%	+3.51%

CVNX

-13.71%

Winner

OBOR

-5.46%

Winner

CVNX

+26.16%

OBOR

-5.73%

CVNX

-54.68%

Winner

OBOR

+3.45%

CVNX

-28.59%

Winner

OBOR

+17.55%

5Y(CAGR)

CVNX

N/A

OBOR

+0.71%

10Y(CAGR)

CVNX

N/A

OBOR

+3.51%

Max(CAGR)

CVNX

-29.02%

Winner

OBOR

+3.51%

CVNX vs OBOR - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	CVNX	OBOR
2026	-40.00%	+0.67%
2025	+31.03%	+28.90%
2024	N/A	+8.85%
2023	N/A	-8.72%
2022	N/A	-22.25%
2021	N/A	+14.09%
2020	N/A	+11.22%
2019	N/A	+16.97%
2018	N/A	-16.42%
2017	N/A	+1.74%

CVNX vs OBOR 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 OBOR was -41.55%, occurring on Mar 20, 2020. Recovery took 729 trading sessions.

The current CVNX drawdown is -57.59%. The current OBOR drawdown is -10.44%.

Rank	CVNX	OBOR
#1	-69.62% Jan 22, 2026 - Mar 20, 2026	-41.55% Jan 26, 2018 - Dec 17, 2020
#2	-52.48% Jul 31, 2025 - Dec 8, 2025	-33.97% Feb 16, 2022 - Jan 6, 2026
#3	-30.93% Jun 4, 2025 - Jul 7, 2025	-13.38% Feb 27, 2026 - Jun 10, 2026
#4	-29.30% Dec 11, 2025 - Jan 22, 2026	-6.42% Jan 21, 2021 - Feb 9, 2021
#5	-17.67% Jul 7, 2025 - Jul 31, 2025	-6.21% Jan 29, 2026 - Feb 25, 2026
#6	N/A	-6.11% Oct 19, 2021 - Jan 12, 2022
#7	N/A	-6.05% Feb 17, 2021 - Apr 23, 2021
#8	N/A	-5.02% Sep 13, 2021 - Oct 15, 2021
#9	N/A	-4.81% Jan 12, 2022 - Feb 16, 2022
#10	N/A	-4.79% Aug 4, 2021 - Sep 2, 2021
#11	N/A	-4.78% Jun 1, 2021 - Aug 4, 2021
#12	N/A	-3.07% May 7, 2021 - Jun 1, 2021
#13	N/A	-2.85% Nov 1, 2017 - Dec 28, 2017
#14	N/A	-2.70% Sep 11, 2017 - Oct 13, 2017
#15	N/A	-2.58% Dec 18, 2020 - Dec 28, 2020

Correlation

Correlation between CVNX and OBOR is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

-101