DKNX vs CBXY

Comparison between DEFIANCE DAILY TARGET 2X LONG DKNG ETF (DKNX, ETF) and Calamos Bitcoin 90 Series Structured Alt Protection ETF July (CBXY, ETF).

DKNX vs CBXY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DKNX(ETF)	CBXY(ETF)
Net Assets	$5.40M	$5.50M
Expense Ratio	N/A	0.69%
Max Drawdown	86.10%	17.55%
Sharpe Ratio	-1.30	-1.62
5Y Beta	1.46	0.26

Net Assets

DKNX

$5.40M

Winner

CBXY

$5.50M

Expense Ratio

DKNX

N/A

CBXY

0.69%

Max Drawdown

DKNX

86.10%

Winner

CBXY

17.55%

Sharpe Ratio

Winner

DKNX

-1.30

CBXY

-1.62

5Y Beta

DKNX

1.46

Winner

CBXY

0.26

DKNX vs CBXY - Historical Returns

Returns include dividend reinvestment.

Period	DKNX	CBXY
1 month	-16.77%	+1.31%
3 months	-4.41%	+1.25%
6 months	-55.91%	-4.16%
1 year	-82.19%	-11.45%
Max(CAGR)	-83.06%	-9.30%

DKNX

-16.77%

Winner

CBXY

+1.31%

DKNX

-4.41%

Winner

CBXY

+1.25%

DKNX

-55.91%

Winner

CBXY

-4.16%

DKNX

-82.19%

Winner

CBXY

-11.45%

Max(CAGR)

DKNX

-83.06%

Winner

CBXY

-9.30%

DKNX vs CBXY - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	DKNX	CBXY
2026	-66.21%	-4.45%
2025	-50.48%	-6.16%

DKNX vs CBXY Drawdown Comparison

The maximum drawdown for DKNX was -86.10%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The maximum drawdown for CBXY was -16.43%, occurring on Jul 8, 2026. This drawdown has not yet recovered.

The current DKNX drawdown is -84.14%. The current CBXY drawdown is -14.34%.

Rank	DKNX	CBXY
#1	-86.10% Aug 28, 2025 - Mar 27, 2026	-16.43% Oct 6, 2025 - Jul 8, 2026
#2	-12.14% Aug 6, 2025 - Aug 18, 2025	-3.53% Aug 13, 2025 - Oct 2, 2025
#3	-5.78% Jul 31, 2025 - Aug 6, 2025	-1.67% Jul 14, 2025 - Aug 11, 2025
#4	-3.29% Aug 18, 2025 - Aug 21, 2025	-0.10% Aug 11, 2025 - Aug 13, 2025
#5	-1.36% Aug 22, 2025 - Aug 26, 2025	N/A