IONZ vs. BRKD
IONZ (Defiance Daily Target 2X Short IONQ ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds. At a correlation of -0.04, they often move in opposite directions. IONZ charges 1.29%/yr vs 1.00%/yr for BRKD.
Performance
IONZ vs. BRKD - Performance Comparison
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Returns By Period
In the year-to-date period, IONZ achieves a -87.96% return, which is significantly lower than BRKD's 5.90% return.
IONZ
- 1D
- 26.98%
- 1M
- -40.91%
- YTD
- -87.96%
- 6M
- -86.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.90%
- 6M
- 6.41%
- 1Y
- 5.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IONZ vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IONZ Defiance Daily Target 2X Short IONQ ETF | -87.96% | -81.41% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | 0.57% |
Correlation
The correlation between IONZ and BRKD is -0.04, 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 25, 2025 | -0.04 |
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Return for Risk
IONZ vs. BRKD — Risk / Return Rank
IONZ
BRKD
IONZ vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short IONQ ETF (IONZ) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IONZ | BRKD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.52 | 0.04 | -0.56 |
Drawdowns
IONZ vs. BRKD - Drawdown Comparison
The maximum IONZ drawdown since its inception was -98.66%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for IONZ and BRKD.
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Drawdown Indicators
| IONZ | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.66% | -17.92% | -80.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.34% | — |
Current DrawdownCurrent decline from peak | -98.02% | -3.69% | -94.33% |
Average DrawdownAverage peak-to-trough decline | -73.24% | -7.72% | -65.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.79% | — |
Volatility
IONZ vs. BRKD - Volatility Comparison
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Volatility by Period
| IONZ | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 187.62% | 13.22% | +174.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.62% | 17.21% | +170.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.62% | 17.21% | +170.41% |
IONZ vs. BRKD - Expense Ratio Comparison
IONZ has a 1.29% expense ratio, which is higher than BRKD's 1.00% expense ratio.
Dividends
IONZ vs. BRKD - Dividend Comparison
IONZ has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 |
|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 2.82% | 3.50% |
IONZ Defiance Daily Target 2X Short IONQ ETF | 0.00% | 0.00% |
Frequently Asked Questions
IONZ and BRKD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKD is cheaper with a 1.00% expense ratio, compared with 1.29% for IONZ.
BRKD has the higher dividend yield at 2.82%, compared with 0.00% for IONZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for IONZ and 1.00% for BRKD.
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