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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Defiance Daily Target 2X Long IONQ ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Defiance Daily Target 2X Long IONQ ETF (IONX) has returned -68.06% so far this year and -43.24% over the past 12 months.
Defiance Daily Target 2X Long IONQ ETF
- 1D
- 16.54%
- 1M
- -46.45%
- YTD
- -68.06%
- 6M
- -87.86%
- 1Y
- -43.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Mar 12, 2025, IONX's average daily return is +0.47%, while the average monthly return is +2.87%. At this rate, your investment would double in approximately 2.0 years.
Historically, 38% of months were positive and 62% were negative. The best month was Sep 2025 with a return of +91.1%, while the worst month was Mar 2026 at -46.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IONX closed higher 46% of trading days. The best single day was May 22, 2025 with a return of +73.1%, while the worst single day was Nov 20, 2025 at -28.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -25.58% | -19.88% | -46.45% | -68.06% | |||||||||
| 2025 | -5.98% | 37.36% | 87.32% | 8.68% | -19.15% | 8.20% | 91.13% | -9.78% | -44.46% | -24.14% | 67.09% |
Benchmark Metrics
Defiance Daily Target 2X Long IONQ ETF has an annualized alpha of 39.31%, beta of 5.17, and R² of 0.23 versus S&P 500 Index. Calculated based on daily prices since March 13, 2025.
- This ETF participated in 485.99% of S&P 500 Index downside but only 76.92% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.23 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 39.31%
- Beta
- 5.17
- R²
- 0.23
- Upside Capture
- 76.92%
- Downside Capture
- 485.99%
Expense Ratio
IONX has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IONX ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long IONQ ETF (IONX) and compare them to a chosen benchmark (S&P 500 Index).
| IONX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.23 | 0.90 | -1.12 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.39 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | 1.40 | -1.90 |
Martin ratioReturn relative to average drawdown | -0.87 | 6.61 | -7.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore IONX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Defiance Daily Target 2X Long IONQ ETF provided a 7.98% dividend yield over the last twelve months, with an annual payout of $1.66 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.66 | $1.66 |
Dividend yield | 7.98% | 2.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long IONQ ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $1.66 | $1.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Daily Target 2X Long IONQ ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Daily Target 2X Long IONQ ETF was 93.75%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long IONQ ETF drawdown is 92.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -93.75% | Oct 14, 2025 | 115 | Mar 30, 2026 | — | — | — |
| -50.31% | May 28, 2025 | 59 | Aug 20, 2025 | 16 | Sep 12, 2025 | 75 |
| -39.73% | Mar 25, 2025 | 9 | Apr 4, 2025 | 13 | Apr 24, 2025 | 22 |
| -33.9% | Sep 24, 2025 | 5 | Sep 30, 2025 | 4 | Oct 6, 2025 | 9 |
| -29.94% | Mar 17, 2025 | 4 | Mar 20, 2025 | 2 | Mar 24, 2025 | 6 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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