IONX vs QQQ
Defiance Daily Target 2X Long IONQ ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | IONX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.18% | |
| AUM | $212M | $496.3B | |
| Dividend Yield | 2.55% | 0.44% | |
| Holdings | 11 | 108 | |
| YTD Return | -56.13% | +16.64% | |
| 1Y Return | -55.27% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 210.6% | 30.6% | |
| Max Drawdown | -94.0% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 11, 2025 | Mar 10, 1999 |
IONX vs QQQ Performance
Defiance Daily Target 2X Long IONQ ETF (IONX) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IONX returned -55.27% while QQQ returned +27.27%. Year to date, IONX is down 56.13% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
IONX has been the more volatile fund, with annualized monthly volatility of 210.6% compared with 30.6% for QQQ. 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 -83.0% for QQQ. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IONX charges 1.29% per year while QQQ charges 0.18%. On a $10,000 position that is $129 vs $18 annually, a gap of $111 per year that compounds over a long holding period. On income, IONX currently yields 2.55% against 0.44% for QQQ.
Holdings Overlap
IONX and QQQ share 0 holdings out of 103 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 QQQ?
IONX has an expense ratio of 1.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, IONX or QQQ?
Over the past year IONX returned -55.27% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), IONX annualized -14.99% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, IONX or QQQ?
IONX has been the more volatile fund at 210.6% annualized versus 30.6% for QQQ. Worst drawdown: IONX -94.0% vs QQQ -83.0%.
Should I hold both IONX and QQQ?
IONX and QQQ have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IONX and QQQ?
IONX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, IONX or QQQ?
IONX yields 2.55% while QQQ yields 0.44%, so IONX currently pays the higher dividend yield.
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