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CVNY vs IONZ

Comparison between YIELDMAX(R) CVNA OPTION INCOME STRATEGY ETF (CVNY, ETF) and Defiance Daily Target 2x Short IONQ ETF (IONZ, ETF).

CVNY vs IONZ - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
CVNY
$22M
IONZ
$22M
Expense Ratio
CVNY
1.09%
IONZ
N/A
Max Drawdown
Winner
CVNY
61.94%
IONZ
98.66%
Sharpe Ratio
Winner
CVNY
0.16
IONZ
-1.12
5Y Beta
CVNY
1.87
Winner
IONZ
-6.88

CVNY vs IONZ - Holdings Comparison

CVNY and IONZ have 1 common holdings. Overlap is 5.17%

CVNY's top 25 holdings weight is 2.20%. IONZ's top 25 holdings weight is 7.73%.

RankCVNYIONZ
#1
CVNA US 02/20/26 C400 (n/a) - 22.12%
FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 7.73%
#2
FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.17%
N/A
#3
CVNA US 02/06/26 C410 (n/a) - 0.62%
N/A
#4
CVNA US 02/06/26 C447.5 (n/a) - 0.51%
N/A
#5
CVNA US 02/06/26 C440 (n/a) - 0.26%
N/A
#6
CVNA US 02/06/26 C445 (n/a) - 0.22%
N/A
#7
CVNA US 02/06/26 C450 (n/a) - 0.19%
N/A
#8
CVNA US 02/06/26 C442.5 (n/a) - 0.16%
N/A
#9
CVNA US 02/06/26 C412.5 (n/a) - 0.11%
N/A
#10
CVNA US 02/06/26 C415 (n/a) - 0.10%
N/A
#11
CVNA US 02/06/26 C430 (n/a) - 0.08%
N/A
#12
CVNA US 02/06/26 C417.5 (n/a) - -0.13%
N/A
#13
CVNA US 02/06/26 C402.5 (n/a) - -0.16%
N/A
#14
CVNA US 02/06/26 C400 (n/a) - -0.17%
N/A
#15
CVNA US 02/06/26 C432.5 (n/a) - -0.37%
N/A
#16
CVNA US 02/06/26 C427.5 (n/a) - -0.68%
N/A
#17
CVNA US 02/06/26 C397.5 (n/a) - -0.94%
N/A
#18
CVNA US 02/06/26 C435 (n/a) - -1.24%
N/A
#19
OTHER ASSETS AND LIABILITIES (n/a) - -1.40%
N/A
#20
US DOLLARS (n/a) - -1.44%
N/A
#21
CASH OFFSET (n/a) - -5.66%
N/A
#22
CVNA 02/20/2026 400.01 P (n/a) - -15.15%
N/A
#23N/AN/A
#24N/AN/A
#25N/AN/A
Total Holdings221

CVNY vs IONZ - Historical Returns

Returns include dividend reinvestment.

1M
Winner
CVNY
-10.43%
IONZ
-57.48%
3M
Winner
CVNY
+7.00%
IONZ
-87.97%
6M
Winner
CVNY
-18.41%
IONZ
-88.46%
1Y
Winner
CVNY
+3.98%
IONZ
-98.23%
Max(CAGR)
Winner
CVNY
+25.48%
IONZ
-98.53%

CVNY vs IONZ - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

YearCVNYIONZ
2026-10.81%-89.55%
2025+59.67%-81.41%

CVNY vs IONZ Drawdown Comparison

The maximum drawdown for CVNY was -41.61%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.

The maximum drawdown for IONZ was -98.66%, occurring on May 29, 2026. This drawdown has not yet recovered.

The current CVNY drawdown is -23.41%. The current IONZ drawdown is -98.43%.

RankCVNYIONZ
#1-41.61%
Feb 18, 2025 - May 13, 2025
-98.66%
Jun 25, 2025 - May 29, 2026
#2-36.24%
Jan 27, 2026 - Mar 20, 2026
N/A
#3-21.17%
Oct 1, 2025 - Dec 3, 2025
N/A
#4-13.91%
Jun 4, 2025 - Jul 7, 2025
N/A
#5-13.66%
Dec 11, 2025 - Jan 22, 2026
N/A
#6-10.61%
Jul 31, 2025 - Sep 19, 2025
N/A
#7-6.30%
Jul 7, 2025 - Jul 31, 2025
N/A
#8-4.32%
Sep 19, 2025 - Sep 29, 2025
N/A
#9-3.59%
Sep 29, 2025 - Oct 1, 2025
N/A
#10-2.92%
May 20, 2025 - May 22, 2025
N/A
#11-1.86%
May 14, 2025 - May 19, 2025
N/A
#12-1.14%
Feb 11, 2025 - Feb 13, 2025
N/A
#13-0.78%
May 28, 2025 - May 30, 2025
N/A
#14-0.68%
Jan 22, 2026 - Jan 27, 2026
N/A

Correlation

Correlation between CVNY and IONZ is -0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.11
-101

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