IONX vs IVV
Defiance Daily Target 2X Long IONQ ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IONX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.03% | |
| AUM | $212M | $907.0B | |
| Dividend Yield | 2.55% | 1.10% | |
| Holdings | 11 | 508 | |
| YTD Return | -61.93% | +12.28% | |
| 1Y Return | -60.55% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 209.2% | 15.1% | |
| Max Drawdown | -94.0% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 11, 2025 | May 15, 2000 |
IONX vs IVV Performance
Defiance Daily Target 2X Long IONQ ETF (IONX) is a ETF from Defiance ETFs, LLC and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IONX returned -60.55% while IVV returned +20.94%. Year to date, IONX is down 61.93% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
IONX has been the more volatile fund, with annualized monthly volatility of 209.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -94.0% for IONX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IONX charges 1.29% per year while IVV charges 0.03%. On a $10,000 position that is $129 vs $3 annually, a gap of $126 per year that compounds over a long holding period. On income, IONX currently yields 2.55% against 1.10% for IVV.
Holdings Overlap
IONX and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IONX or IVV?
IONX has an expense ratio of 1.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $126 per year of difference.
Which performed better, IONX or IVV?
Over the past year IONX returned -60.55% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IONX annualized -22.98% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, IONX or IVV?
IONX has been the more volatile fund at 209.2% annualized versus 15.1% for IVV. Worst drawdown: IONX -94.0% vs IVV -56.5%.
Should I hold both IONX and IVV?
IONX and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IONX and IVV?
IONX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IONX or IVV?
IONX yields 2.55% while IVV yields 1.10%, so IONX currently pays the higher dividend yield.
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