Defiance ETFs LLCInverse EquityIONZ · Nasdaq

Defiance Daily Target 2x Short IONQ ETF (IONZ)

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Price: $24.77; —12 Nov 2026
Assets: $11.3M; Total net assets
Expense ratio: 1.91%; Category 0.00%
Yield: 0.00%; Trailing distributions

1Y return: -91.2%-62.3%; Category -29.0%
3Y CAGR: —; Category -35.8%
5Y CAGR: —; Category -23.7%

$24.77—12 Nov 2026

Fund

Assets: $11.3M
Expense: 1.91%
Categ. exp: 0.00%
Yield: 0.00%

ReturnFundCateg.

1Y-91.2%-29.0%

3Y—-35.8%

5Y—-23.7%

Launch-94.0%—

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Defiance Daily Target 2x Short IONQ ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-19.6%	-1.7%	-26.9%	-89.1%	-91.2%	—	—	—	-94.0%
Inverse Equity average	11.5%	8.2%	-9.1%	-31.0%	-29.0%	-35.8%	-23.7%	-29.3%	-37.1%
Difference	-31.1%	-9.9%	-17.8%	-58.1%	-62.3%	—	—	—	-56.9%

Holdings

The 1 largest positions make up 7.7% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGXXX	First American Government Obligs X	7.69%

Credit quality

Share of the bonds by rating.

US government4.4%

Asset mix

Cash234.5%
Other64.9%

ETF details

Issuer: Defiance ETFs LLC
Category: Equity · Inverse Equity
Ticker: IONZ
Exchange: Nasdaq
Inception: 23 Jun 2025 (1.4 years)
Structure: Exchange Traded Fund
Expense ratio: 1.91% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 0.00%
Beta, 3 years: 0.00
Total net assets: $11.3M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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