LNOK vs MMSD
Comparison between DEFIANCE DAILY TARGET 2X LONG NOK ETF (LNOK, ETF) and IQ MACKAY MUNICIPAL SHORT DURATION ETF (MMSD, ETF).
LNOK vs MMSD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
LNOK
$76M
MMSD
$75M
Expense Ratio
LNOK
N/A
MMSD
0.25%
Max Drawdown
LNOK
67.95%
Winner
MMSD
1.85%
Sharpe Ratio
Winner
LNOK
1.68
MMSD
-0.00
5Y Beta
LNOK
4.09
Winner
MMSD
0.04
LNOK vs MMSD - Historical Returns
Returns include dividend reinvestment.
1M
LNOK
-49.55%
Winner
MMSD
-0.07%
3M
LNOK
-16.39%
Winner
MMSD
+0.36%
6M
Winner
LNOK
+98.07%
MMSD
+0.78%
1Y
LNOK
N/A
MMSD
+3.63%
Max(CAGR)
Winner
LNOK
+297.16%
MMSD
+4.20%
LNOK vs MMSD - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | LNOK | MMSD |
|---|---|---|
| 2026 | +98.07% | +1.35% |
| 2025 | N/A | +3.66% |
LNOK vs MMSD Drawdown Comparison
The maximum drawdown for LNOK was -67.95%, occurring on Jul 17, 2026. This drawdown has not yet recovered.
The maximum drawdown for MMSD was -1.35%, occurring on Mar 26, 2026. Recovery took 73 trading sessions.
The current LNOK drawdown is -64.47%. The current MMSD drawdown is -0.34%.
| Rank | LNOK | MMSD |
|---|---|---|
| #1 | -67.95% Jun 2, 2026 - Jul 17, 2026 | -1.35% Feb 26, 2026 - Jun 11, 2026 |
| #2 | -19.64% May 26, 2026 - Jun 2, 2026 | -0.49% Sep 15, 2025 - Dec 16, 2025 |
| #3 | -18.24% Jan 27, 2026 - Feb 6, 2026 | -0.39% Jul 6, 2026 - Jul 20, 2026 |
| #4 | -17.06% Mar 16, 2026 - Apr 2, 2026 | -0.36% May 16, 2025 - May 27, 2025 |
| #5 | -16.81% May 5, 2026 - May 11, 2026 | -0.22% May 6, 2025 - May 16, 2025 |
| #6 | -15.42% May 13, 2026 - May 22, 2026 | -0.19% Jun 11, 2026 - Jun 24, 2026 |
| #7 | -15.30% Apr 20, 2026 - Apr 27, 2026 | -0.16% Jul 10, 2025 - Jul 21, 2025 |
| #8 | -11.92% Mar 2, 2026 - Mar 16, 2026 | -0.16% Jan 14, 2026 - Jan 21, 2026 |
| #9 | -11.68% May 11, 2026 - May 13, 2026 | -0.14% Jun 12, 2025 - Jun 23, 2025 |
| #10 | -9.74% Feb 11, 2026 - Feb 18, 2026 | -0.13% Jun 5, 2025 - Jun 10, 2025 |
| #11 | -7.82% Apr 13, 2026 - Apr 20, 2026 | -0.12% Jul 29, 2025 - Jul 31, 2025 |
| #12 | -7.17% Feb 20, 2026 - Mar 2, 2026 | -0.11% Jun 29, 2026 - Jul 6, 2026 |
| #13 | -2.62% May 1, 2026 - May 5, 2026 | -0.10% Jan 21, 2026 - Jan 28, 2026 |
| #14 | -2.05% Feb 9, 2026 - Feb 11, 2026 | -0.08% May 27, 2025 - May 30, 2025 |
| #15 | -1.67% Apr 9, 2026 - Apr 13, 2026 | -0.08% Sep 8, 2025 - Sep 10, 2025 |
Correlation
Correlation between LNOK and MMSD is 0.35 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.35
-101
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