IONZ vs. ZIVB

Last updated Jun 6, 2026

IONZ (Defiance Daily Target 2X Short IONQ ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. IONZ charges 1.29%/yr vs 1.35%/yr for ZIVB.

Performance

IONZ vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short IONQ ETF (IONZ) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IONZ

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

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IONZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
IONZ Defiance Daily Target 2X Short IONQ ETF	40.72%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

IONZ vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short IONQ ETF (IONZ) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	—	—

Drawdowns

IONZ vs. ZIVB - Drawdown Comparison

The maximum IONZ drawdown since its inception was -98.66%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IONZ and ZIVB.

Drawdown Indicators

	IONZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-98.66%	0.00%	-98.66%
Current Drawdown Current decline from peak	-98.02%	0.00%	-98.02%
Average Drawdown Average peak-to-trough decline	-73.24%	0.00%	-73.24%

Volatility

Volatility by Period

	IONZ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	187.62%	0.00%	+187.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.62%	0.00%	+187.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.62%	0.00%	+187.62%

IONZ vs. ZIVB - Expense Ratio Comparison

IONZ has a 1.29% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

IONZ vs. ZIVB - Dividend Comparison

Neither IONZ nor ZIVB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, IONZ or ZIVB?

On fees, IONZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IONZ or ZIVB?

IONZ is cheaper with a 1.29% expense ratio, compared with 1.35% for ZIVB.

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

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

What is the main difference between IONZ and ZIVB?

They also come from different issuers: Defiance and Volatility Shares. Their fees differ too: 1.29% for IONZ and 1.35% for ZIVB.