IONX vs. TSYX
IONX (Defiance Daily Target 2X Long IONQ ETF) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. IONX charges 1.31%/yr vs 0.98%/yr for TSYX.
Performance
IONX vs. TSYX - Performance Comparison
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Returns By Period
IONX
- 1D
- -8.85%
- 1M
- 97.31%
- YTD
- 41.84%
- 6M
- 11.19%
- 1Y
- 0.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IONX vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IONX Defiance Daily Target 2X Long IONQ ETF | 16.64% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between IONX and TSYX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026 | 0.48 |
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Return for Risk
IONX vs. TSYX — Risk / Return Rank
IONX
TSYX
IONX vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IONQ ETF (IONX) and TSPY Lift ETF (TSYX). 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 | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| IONX | TSYX | 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 | 1.28 | -0.76 |
Drawdowns
IONX vs. TSYX - Drawdown Comparison
The maximum IONX drawdown since its inception was -93.75%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for IONX and TSYX.
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Drawdown Indicators
| IONX | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -13.39% | -80.36% |
Max Drawdown (1Y)Largest decline over 1 year | -93.75% | — | — |
Current DrawdownCurrent decline from peak | -67.65% | -0.16% | -67.49% |
Average DrawdownAverage peak-to-trough decline | -49.74% | -2.97% | -46.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.55% | — | — |
Volatility
IONX vs. TSYX - Volatility Comparison
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Volatility by Period
| IONX | TSYX | 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% | 18.21% | +163.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.14% | 18.21% | +180.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.14% | 18.21% | +180.93% |
IONX vs. TSYX - Expense Ratio Comparison
IONX has a 1.31% expense ratio, which is higher than TSYX's 0.98% expense ratio.
Dividends
IONX vs. TSYX - Dividend Comparison
IONX's dividend yield for the trailing twelve months is around 1.80%, less than TSYX's 6.17% yield.
| Position | TTM | 2025 |
|---|---|---|
IONX Defiance Daily Target 2X Long IONQ ETF | 1.80% | 2.55% |
TSYX TSPY Lift ETF | 6.17% | 0.00% |
Frequently Asked Questions
IONX and TSYX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSYX is cheaper with a 0.98% expense ratio, compared with 1.31% for IONX.
TSYX has the higher dividend yield at 6.17%, compared with 1.80% for IONX.
They also come from different issuers: Defiance and TappAlpha. Their fees differ too: 1.31% for IONX and 0.98% for TSYX.
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