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IONZ ETF — Defiance Daily Target 2x Short IONQ ETF
Defiance Daily Target 2x Short IONQ ETF (IONZ)
Updated October 16, 2026.
IONZ is an ETF linked to IonQ (IONQ). its expense ratio is 1.91%. Total return is -97.1% over the past 1.3 years, 73.7 points behind IONQ at -23.4%.
Defiance Daily Target 2x Short IONQ ETF is an actively managed ETF that uses derivatives such as swaps and options to seek twice the inverse daily price movement of IonQ stock, making it a leveraged bearish bet on that company. The fund does not distribute income and carries an expense ratio of 1.91%. It appeals to sophisticated traders seeking short-term tactical exposure to downward price movements in IonQ, though the daily reset mechanism means it is not designed for buy-and-hold investing.
IONZ holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: IONQ (physical holdings below may be collateral and options, not the reference asset itself).
IONZ performance versus IONQ
Price and return data through 2026-10-16.
Total return is -97.1% over the past 1.3 years, 73.7 points behind IONQ at -23.4%. Its deepest 1-year drawdown was 95.2%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 14.0% | — |
| 3M | -35.0% | — |
| 6M | -50.9% | — |
| YTD | -84.4% | — |
| 1Y | -82.9% | — |
| Since inception (1.3 years) | -97.1% | -93.30% |
IONZ key facts
- Issuer
- Defiance ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/23/2025
- Expense ratio
- 1.91%
- Distribution frequency
- None
- Last close
- $35.36 (as of 2026-10-16)
- AUM
- $8,777,250
- Average volume
- 160393.0
- Beta
- -6.6673
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Defiance ETFs or company page; Index: IonQ (IONQ); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
IONZ risks and drawbacks
Total return has trailed IONQ over the available window. The deepest 1-year drawdown on record here is 95.2%.
Who may consider IONZ — and who may not
It is a weaker fit for investors who need monthly cash flow (IONZ does not currently distribute); investors whose main goal is matching IONQ total return. This is educational context, not a recommendation to buy or sell.
More on IONZ
Frequently asked questions
Does IONZ pay monthly?
No. IONZ does not currently distribute.
What is IONZ linked to?
IONZ is linked to IonQ (IONQ), not a broad market index.
What is IONZ's expense ratio?
IONZ's expense ratio is 1.91%.
When does IONZ pay a dividend?
IONZ does not currently distribute.
How has IONZ performed?
Total return is -97.1% over the past 1.3 years, 73.7 points behind IONQ at -23.4%. Its deepest 1-year drawdown was 95.2%.
More securities from Defiance ETFs.
Tickers
Holdings as-of date unavailable.
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