LNOK vs NMS
Comparison between DEFIANCE DAILY TARGET 2X LONG NOK ETF (LNOK, ETF) and Nuveen Minnesota Quality Municipal Income Fund (NMS, ETF).
LNOK vs NMS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
LNOK
$76M
Winner
NMS
$76M
Max Drawdown
LNOK
67.95%
Winner
NMS
47.88%
Sharpe Ratio
Winner
LNOK
1.68
NMS
1.46
5Y Beta
LNOK
4.09
Winner
NMS
0.05
5Y Dividends CAGR
LNOK
N/A
NMS
6.98%
LNOK vs NMS - Historical Returns
Returns include dividend reinvestment.
1M
LNOK
-49.55%
Winner
NMS
+2.41%
3M
LNOK
-16.39%
Winner
NMS
+2.73%
6M
Winner
LNOK
+98.07%
NMS
+7.10%
1Y
LNOK
N/A
NMS
+16.71%
5Y(CAGR)
LNOK
N/A
NMS
+0.76%
10Y(CAGR)
LNOK
N/A
NMS
+1.72%
Max(CAGR)
Winner
LNOK
+297.16%
NMS
+3.30%
LNOK vs NMS - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | LNOK | NMS |
|---|---|---|
| 2026 | +98.07% | +8.35% |
| 2025 | N/A | +2.31% |
| 2024 | N/A | +18.82% |
| 2023 | N/A | -0.21% |
| 2022 | N/A | -22.04% |
| 2021 | N/A | +6.60% |
| 2020 | N/A | +7.38% |
| 2019 | N/A | +23.39% |
| 2018 | N/A | -12.96% |
| 2017 | N/A | -4.05% |
| 2016 | N/A | +12.86% |
| 2015 | N/A | +6.24% |
| 2014 | N/A | -3.37% |
LNOK vs NMS 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 NMS was -38.76%, occurring on Oct 25, 2023. This drawdown has not yet recovered.
The current LNOK drawdown is -64.47%. The current NMS drawdown is -2.79%.
| Rank | LNOK | NMS |
|---|---|---|
| #1 | -67.95% Jun 2, 2026 - Jul 17, 2026 | -38.76% Sep 16, 2021 - Oct 25, 2023 |
| #2 | -19.64% May 26, 2026 - Jun 2, 2026 | -25.42% Sep 30, 2016 - Aug 11, 2020 |
| #3 | -18.24% Jan 27, 2026 - Feb 6, 2026 | -7.35% Aug 19, 2020 - Oct 27, 2020 |
| #4 | -17.06% Mar 16, 2026 - Apr 2, 2026 | -7.31% Mar 18, 2015 - Jan 29, 2016 |
| #5 | -16.81% May 5, 2026 - May 11, 2026 | -6.32% Nov 6, 2014 - Jan 27, 2015 |
| #6 | -15.42% May 13, 2026 - May 22, 2026 | -5.93% Jun 23, 2021 - Sep 14, 2021 |
| #7 | -15.30% Apr 20, 2026 - Apr 27, 2026 | -5.58% Oct 15, 2014 - Nov 6, 2014 |
| #8 | -11.92% Mar 2, 2026 - Mar 16, 2026 | -5.15% May 4, 2021 - Jun 23, 2021 |
| #9 | -11.68% May 11, 2026 - May 13, 2026 | -4.27% Aug 15, 2016 - Sep 30, 2016 |
| #10 | -9.74% Feb 11, 2026 - Feb 18, 2026 | -4.04% Apr 13, 2016 - Jun 6, 2016 |
| #11 | -7.82% Apr 13, 2026 - Apr 20, 2026 | -4.00% Jul 6, 2016 - Aug 5, 2016 |
| #12 | -7.17% Feb 20, 2026 - Mar 2, 2026 | -3.76% Jun 17, 2016 - Jul 6, 2016 |
| #13 | -2.62% May 1, 2026 - May 5, 2026 | -3.60% Oct 27, 2020 - Nov 17, 2020 |
| #14 | -2.05% Feb 9, 2026 - Feb 11, 2026 | -3.53% Feb 11, 2021 - Apr 14, 2021 |
| #15 | -1.67% Apr 9, 2026 - Apr 13, 2026 | -2.67% Feb 11, 2016 - Feb 25, 2016 |
Correlation
Correlation between LNOK and NMS is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.59
-101
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