IONX vs. BRKW

Last updated Jun 4, 2026

IONX (Defiance Daily Target 2X Long IONQ ETF) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - IONX is a Leveraged Equities fund actively managed by Defiance, while BRKW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. IONX charges 1.31%/yr vs 0.99%/yr for BRKW.

Performance

IONX vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long IONQ ETF (IONX) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IONX achieves a 41.84% return, which is significantly higher than BRKW's -7.76% return.

IONX

• 1D: -8.85%
• 1M: 97.31%
• YTD: 41.84%
• 6M: 11.19%
• 1Y: 0.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKW

• 1D: 0.91%
• 1M: 1.58%
• YTD: -7.76%
• 6M: -8.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IONX vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
IONX Defiance Daily Target 2X Long IONQ ETF	41.84%	-26.56%
BRKW Roundhill BRKB WeeklyPay ETF	-7.76%	2.09%

Correlation

The correlation between IONX and BRKW is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	-0.07

IONX vs. BRKW - Sectors Allocation Comparison

Sectors	IONX	BRKW
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	7.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IONX vs. BRKW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IONX

IONX Risk / Return Rank: 15
IONX Sharpe Ratio Rank: 9
IONX Sortino Ratio Rank: 26
IONX Omega Ratio Rank: 23
IONX Calmar Ratio Rank: 9
IONX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IONX vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IONQ ETF (IONX) and Roundhill BRKB WeeklyPay ETF (BRKW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IONX	BRKW	Difference
Sharpe ratio: Return per unit of total volatility	0.00	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	0.00	—	—
Martin ratio: Return relative to average drawdown	0.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IONX	BRKW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	-0.36	+0.87

Drawdowns

IONX vs. BRKW - Drawdown Comparison

The maximum IONX drawdown since its inception was -93.75%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for IONX and BRKW.

Drawdown Indicators

	IONX	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-12.64%	-81.11%
Max Drawdown (1Y) Largest decline over 1 year	-93.75%	—	—
Current Drawdown Current decline from peak	-67.65%	-10.70%	-56.95%
Average Drawdown Average peak-to-trough decline	-49.74%	-5.34%	-44.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.55%	—	—

Volatility

Volatility by Period

	IONX	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	130.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	181.50%	17.23%	+164.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	199.14%	17.23%	+181.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	199.14%	17.23%	+181.91%

IONX vs. BRKW - Expense Ratio Comparison

IONX has a 1.31% expense ratio, which is higher than BRKW's 0.99% expense ratio.

Dividends

IONX vs. BRKW - Dividend Comparison

IONX's dividend yield for the trailing twelve months is around 1.80%, less than BRKW's 25.19% yield.

Position	TTM	2025
BRKW Roundhill BRKB WeeklyPay ETF	25.19%	14.45%
IONX Defiance Daily Target 2X Long IONQ ETF	1.80%	2.55%

Frequently Asked Questions

Can I hold both IONX and BRKW in my portfolio?

IONX and BRKW have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IONX or BRKW?

On fees, BRKW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IONX or BRKW?

BRKW is cheaper with a 0.99% expense ratio, compared with 1.31% for IONX.

Which ETF pays a higher dividend yield, IONX or BRKW?

BRKW has the higher dividend yield at 25.19%, compared with 1.80% for IONX.

What is the main difference between IONX and BRKW?

IONX is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.31% for IONX and 0.99% for BRKW.