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 -35.87% vs 40.62% 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 -5.98% return, which is significantly lower than IONQ's 28.93% return.
IONX
- 1D
- -2.11%
- 1M
- -25.35%
- YTD
- -5.98%
- 6M
- -29.25%
- 1Y
- -35.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IONQ
- 1D
- -0.81%
- 1M
- -9.10%
- YTD
- 28.93%
- 6M
- 12.57%
- 1Y
- 40.62%
- 3Y*
- 83.45%
- 5Y*
- 41.22%
- 10Y*
- —
IONX vs. IONQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IONX Defiance Daily Target 2X Long IONQ ETF | -5.98% | 80.91% |
IONQ IonQ, Inc. | 28.93% | 139.95% |
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 12, 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IONX | IONQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.60 | -0.99 |
| Martin ratioReturn relative to average drawdown | -0.55 | 1.09 | -1.64 |
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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 | -78.56% | -29.53% | -49.03% |
Average DrawdownAverage peak-to-trough decline | -50.71% | -50.79% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.96% | 37.49% | +27.47% |
Volatility
IONX vs. IONQ - Volatility Comparison
Defiance Daily Target 2X Long IONQ ETF (IONX) has a higher volatility of 56.59% compared to IonQ, Inc. (IONQ) at 27.92%. 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 | 56.59% | 27.92% | +28.67% |
Volatility (6M)Calculated over the trailing 6-month period | 133.88% | 68.14% | +65.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 185.82% | 93.80% | +92.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.22% | 100.68% | +98.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.22% | 97.44% | +101.78% |
Dividends
IONX vs. IONQ - Dividend Comparison
IONX's dividend yield for the trailing twelve months is around 2.71%, 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 | 2.71% | 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 (56.59%) compared to IONQ (27.92%). In terms of maximum drawdown, IONX dropped -93.75% vs IONQ's -90.00%.
IONQ currently has the higher Sharpe Ratio (0.44 vs -0.19), 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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