IONZ vs QQQ
Defiance Daily Target 2X Short 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 | IONZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 7 | 108 | |
| YTD Return | -88.33% | +16.64% | |
| 1Y Return | -97.87% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 157.2% | 30.6% | |
| Max Drawdown | -98.7% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 23, 2025 | Mar 10, 1999 |
IONZ vs QQQ Performance
Defiance Daily Target 2X Short IONQ ETF (IONZ) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IONZ returned -97.87% while QQQ returned +27.27%. Year to date, IONZ is down 88.33% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
IONZ has been the more volatile fund, with annualized monthly volatility of 157.2% 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 -98.7% for IONZ 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 -0.85. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IONZ 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, IONZ currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
IONZ 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, IONZ or QQQ?
IONZ 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, IONZ or QQQ?
Over the past year IONZ returned -97.87% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), IONZ annualized -96.62% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, IONZ or QQQ?
IONZ has been the more volatile fund at 157.2% annualized versus 30.6% for QQQ. Worst drawdown: IONZ -98.7% vs QQQ -83.0%.
Should I hold both IONZ and QQQ?
IONZ and QQQ have a monthly-return correlation of -0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IONZ and QQQ?
IONZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, IONZ or QQQ?
IONZ yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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