IONZ vs. PLTZ

Last updated Jun 6, 2026

IONZ (Defiance Daily Target 2X Short IONQ ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds from Defiance. At a 0.40 correlation, their price movements are largely independent. Both charge a 1.29% expense ratio.

Performance

IONZ vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short IONQ ETF (IONZ) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IONZ achieves a -87.96% return, which is significantly lower than PLTZ's 14.08% return.

IONZ

• 1D: 26.98%
• 1M: -40.91%
• YTD: -87.96%
• 6M: -86.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTZ

• 1D: 8.60%
• 1M: -11.35%
• YTD: 14.08%
• 6M: 15.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IONZ vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
IONZ Defiance Daily Target 2X Short IONQ ETF	-87.96%	-81.41%
PLTZ Defiance Daily Target 2X Short PLTR ETF	14.08%	-54.66%

Correlation

The correlation between IONZ and PLTZ is 0.40, 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 Jun 25, 2025	0.40

Return for Risk

IONZ vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short IONQ ETF (IONZ) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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.

Sharpe Ratios by Period

	IONZ	PLTZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	-0.59	+0.06

Drawdowns

IONZ vs. PLTZ - Drawdown Comparison

The maximum IONZ drawdown since its inception was -98.66%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for IONZ and PLTZ.

Drawdown Indicators

	IONZ	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-98.66%	-70.28%	-28.38%
Current Drawdown Current decline from peak	-98.02%	-59.38%	-38.64%
Average Drawdown Average peak-to-trough decline	-73.24%	-52.09%	-21.15%

Volatility

Volatility by Period

	IONZ	PLTZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	187.62%	101.97%	+85.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.62%	101.97%	+85.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.62%	101.97%	+85.65%

IONZ vs. PLTZ - Expense Ratio Comparison

Both IONZ and PLTZ have an expense ratio of 1.29%.

Dividends

IONZ vs. PLTZ - Dividend Comparison

Neither IONZ nor PLTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IONZ and PLTZ in my portfolio?

IONZ and PLTZ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IONZ or PLTZ?

Both ETFs have the same 1.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IONZ or PLTZ?

IONZ and PLTZ have the same expense ratio: 1.29% per year.

Which ETF pays a higher dividend yield, IONZ or PLTZ?

IONZ and PLTZ have nearly identical dividend yields, around 0.00%.