Defiance Daily Target 2x Short IONQ ETF (IONZ) Performance
IONZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −84.7% since Dec 31, 2025
- 1 year
- −85.5% total return
- Since first price
- −97.2% since 2025
IONZ trailing returns vs SPY, QQQ, AGG
| Period | IONZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +57.5% | +57.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −39.0% | −39.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −52.2% | −52.2% | +7.8% | +8.4% | −1.5% |
| YTD | −84.7% | −84.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −85.5% | −85.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 24, 2025 | −97.2% | −97.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IONZ vs SPY
From Jun 24, 2025: IONZ grew to $284, SPY to $12,695.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IONZ returns by calendar year
2026 is year to date.
IONZ annual returns table
| Year | IONZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −84.7% | −95.0% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IONZ largest drawdowns
Now 97.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 25, 2025 | −98.7% | May 29, 2026 | not yet | 11 months | 1.3 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IONZ risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −95.7% |
| Volatility (annualized) | 150.7% |
| Sharpe ratio | -0.97 |
| Sortino ratio | -1.18 |
| Best month | +66.5% |
| Worst month | −73.7% |
| Best 12 months | −93.4% |
| Worst 12 months | −97.5% |
| Positive months | 40% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IONZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −97.5% | −96.0% | −83.0% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
IONZ performance overview
Defiance Daily Target 2x Short IONQ ETF (IONZ) returned −85.5% over the past year, with distributions reinvested. Since its first recorded price on Jun 24, 2025 it has returned −97.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.7%, from Jun 25, 2025 to May 29, 2026; the fund has not yet regained that high. Volatility has been 150.7% a year.
Related: IONZ chart. See the IONZ overview for the latest quote and fund facts.
IONZ performance FAQ
What is the IONZ return over the past year?
IONZ returned −85.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 85.5%.
How much would $10,000 invested in IONZ be worth?
$10,000 invested in IONZ at its first recorded close on June 24, 2025 would be worth about $284 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of IONZ?
The largest peak-to-trough decline was −98.7% between June 25, 2025 and May 29, 2026. It has not yet recovered to that high; it is 97.5% below its peak.
How volatile is IONZ?
Over the past history IONZ had an annualized volatility of 150.7% and a Sharpe ratio of -0.97 (excess return over 1–3 month T-bills per unit of risk).