IONX vs. IONQ
IONX (Defiance Daily Target 2X Long IONQ ETF) is Leveraged Equities fund actively managed by Defiance, while IONQ (IonQ, Inc.) is a stock. Over the past year, IONX returned 0.44% vs 71.39% for IONQ. With a 1.00 correlation, they move nearly in lockstep.
Performance
IONX vs. IONQ - Performance Comparison
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Returns By Period
In the year-to-date period, IONX achieves a 41.84% return, which is significantly lower than IONQ's 52.06% return.
IONX
- 1D
- -8.85%
- 1M
- 97.31%
- YTD
- 41.84%
- 6M
- 11.19%
- 1Y
- 0.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IONQ
- 1D
- -4.44%
- 1M
- 49.14%
- YTD
- 52.06%
- 6M
- 40.25%
- 1Y
- 71.39%
- 3Y*
- 94.87%
- 5Y*
- 46.53%
- 10Y*
- —
IONX vs. IONQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IONX Defiance Daily Target 2X Long IONQ ETF | 41.84% | 67.09% |
IONQ IonQ, Inc. | 52.06% | 105.64% |
Correlation
The correlation between IONX and IONQ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 1.00 |
The correlation between IONX and IONQ has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
IONX vs. IONQ — Risk / Return Rank
IONX
IONQ
IONX vs. IONQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IONQ ETF (IONX) and IonQ, Inc. (IONQ). 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 | IONQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 1.06 | -1.06 |
| Martin ratioReturn relative to average drawdown | 0.01 | 1.94 | -1.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IONX | IONQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 0.78 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.42 | +0.10 |
Drawdowns
IONX vs. IONQ - Drawdown Comparison
The maximum IONX drawdown since its inception was -93.75%, roughly equal to the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for IONX and IONQ.
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Drawdown Indicators
| IONX | IONQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -90.00% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -93.75% | -67.61% | -26.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.00% | — |
Current DrawdownCurrent decline from peak | -67.65% | -16.88% | -50.77% |
Average DrawdownAverage peak-to-trough decline | -49.74% | -51.03% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.55% | 36.91% | +25.64% |
Volatility
IONX vs. IONQ - Volatility Comparison
Defiance Daily Target 2X Long IONQ ETF (IONX) has a higher volatility of 59.39% compared to IonQ, Inc. (IONQ) at 30.10%. This indicates that IONX's price experiences larger fluctuations and is considered to be riskier than IONQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IONX | IONQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 59.39% | 30.10% | +29.29% |
Volatility (6M)Calculated over the trailing 6-month period | 130.91% | 67.00% | +63.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 181.50% | 91.60% | +89.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.14% | 100.10% | +99.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.14% | 97.40% | +101.74% |
Dividends
IONX vs. IONQ - Dividend Comparison
IONX's dividend yield for the trailing twelve months is around 1.80%, while IONQ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IONQ IonQ, Inc. | 0.00% | 0.00% |
IONX Defiance Daily Target 2X Long IONQ ETF | 1.80% | 2.55% |
Frequently Asked Questions
With a correlation of 1.00, IONX and IONQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IONX has higher volatility (59.39%) compared to IONQ (30.10%). In terms of maximum drawdown, IONX dropped -93.75% vs IONQ's -90.00%.
IONQ currently has the higher Sharpe Ratio (0.78 vs 0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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