IONZ vs QQQ
Defiance Daily Target 2X Short IONQ ETF vs Invesco QQQ Trust, Series 1
Which is better, IONZ or QQQ?
Opposite sides of the same exposure.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two move opposite each other, correlation -0.85, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IONZ | QQQ |
|---|---|---|
| Expense Ratio | 1.29% | 0.18%Best |
| AUM | $1M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 16 | 107 |
| YTD Return | -90.81% | +21.71%Best |
| 1Y Return | -92.30% | +25.89%Best |
| 3Y Return (annualized) | - | +28.80% |
| 5Y Return (annualized) | - | +15.67% |
| Volatility (annualized) | 151.2% | 19.7%Best |
| Max Drawdown | -98.7% | -12.0%Best |
| $10,000 over 1.3 years | $134 | $14,027Best |
| Fund Family | Defiance ETFs, LLC | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Growth |
| Inception | Jun 23, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 24, 2025 to Sep 25, 2026 (1.3 years).
IONZ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
IONZ vs QQQ Performance
Defiance Daily Target 2X Short IONQ ETF (IONZ) is an ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IONZ returned -92.30% while QQQ returned +25.89%. Year to date, IONZ is down 90.81% versus a gain of 21.71% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IONZ has been the more volatile fund, with annualized monthly volatility of 151.2% compared with 19.7% 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 -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.85. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
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.
You are not choosing between two funds in isolation.
Whichever of IONZ and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $111 a year on a $10,000 investment.
Which performed better, IONZ or QQQ?
Over the past year IONZ returned -92.30% vs +25.89% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), IONZ annualized -96.38% vs +29.73% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IONZ or QQQ?
IONZ has been the more volatile fund at 151.2% annualized versus 19.7% for QQQ. Worst drawdown: IONZ -98.7% vs QQQ -12.0%.
Should I hold both IONZ and QQQ?
IONZ and QQQ have a monthly-return correlation of -0.85, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
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.
Is QQQ better than IONZ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two move opposite each other, correlation -0.85, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.