Defiance Daily Target 2X Short IONQ ETF (IONZ) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IONZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IONZ
IONZ charges 1.29% annually. There are 57 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 221.57M | Jun 2016 | IONZ vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 32.11M | Mar 2024 | IONZ vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.03M | Nov 2017 | IONZ vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 47.36M | Nov 2021 | IONZ vs SARK | |
| ProShares Short S&P500 | 0.89% | 1.09B | Jun 2006 | IONZ vs SH |
Best Risk-Adjusted Alternatives to IONZ
IONZ has a PortfoliosLab risk / return rank of 3. There are 36 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 63.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 63 | 4.56M | Oct 2024 | IONZ vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 62 | 92.68M | Sep 2024 | IONZ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 53 | 33.15M | Aug 2024 | IONZ vs SMST | |
| Direxion Daily MSFT Bear 1X Shares | 43 | 8.89M | Sep 2022 | IONZ vs MSFD | |
| YieldMax Short COIN Option Income Strategy ETF | 30 | 34.27M | Jul 2024 | IONZ vs FIAT |
Top Performing IONZ Alternatives (YTD)
IONZ is at -86.94% YTD. There are 74 ETFs in the Inverse Equities category with higher YTD returns, going as high as 74.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Defiance Daily Target 2X Short PLTR ETF | 74.06% | 16.93M | Jun 2025 | IONZ vs PLTZ | |
| Direxion Daily PLTR Bear 1X Shares | 48.30% | 40.54M | Dec 2024 | IONZ vs PLTD | |
| Direxion Daily MSFT Bear 1X Shares | 33.23% | 8.89M | Sep 2022 | IONZ vs MSFD | |
| Defiance Daily Target 2X Short BMNR ETF | 29.97% | — | Nov 2025 | IONZ vs BMNZ | |
| Direxion Daily NFLX Bear 1X Shares | 27.73% | 4.56M | Oct 2024 | IONZ vs NFXS |
Lowest Volatility Alternatives to IONZ
IONZ has 187.36% 1-year volatility. There are 74 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.38%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.38% | 112.04M | Jun 2006 | IONZ vs DOG | |
| ProShares Short S&P500 | 12.39% | 1.09B | Jun 2006 | IONZ vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.59% | 221.57M | Jun 2016 | IONZ vs SPDN | |
| Direxion Daily BRKB Bear 1X Shares | 12.95% | 2.34M | Dec 2024 | IONZ vs BRKD | |
| Gotham Short Strategies ETF | 13.53% | 12.30M | Jul 2017 | IONZ vs SHRT |
Lowest Drawdown Alternatives to IONZ
IONZ has a 1-year max drawdown of -98.48%. There are 65 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | IONZ vs BRKD | |
| ProShares Short Financials | -11.14% | 14.07M | Jun 2008 | IONZ vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 67.03M | Jan 2011 | IONZ vs HDGE | |
| ProShares Short FTSE China 50 | -12.48% | 4.77M | Mar 2010 | IONZ vs YXI | |
| ProShares Short Dow30 | -13.59% | 112.04M | Jun 2006 | IONZ vs DOG |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With IONZ
Investors most often compare IONZ with YQQQ, ZIVB, TSLZ. These 10 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare IONZ with Any Fund or Stock
Compare IONZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Â
Pair IONZ with funds that move differently
Defiance Daily Target 2X Short IONQ ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IONZ.
Explore IONZ Diversifiers