GNOV vs IONX
Comparison between FT VEST U.S. EQUITY MODERATE BUFFER ETF - NOVEMBER (GNOV, ETF) and DEFIANCE DAILY TARGET 2X LONG IONQ ETF (IONX, ETF).
GNOV vs IONX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GNOV
$299M
IONX
$297M
Expense Ratio
GNOV
0.85%
IONX
N/A
Max Drawdown
Winner
GNOV
10.70%
IONX
93.90%
Sharpe Ratio
Winner
GNOV
2.00
IONX
0.66
5Y Beta
Winner
GNOV
0.47
IONX
5.29
GNOV vs IONX - Historical Returns
Returns include dividend reinvestment.
1M
GNOV
+0.97%
Winner
IONX
+20.97%
3M
GNOV
+4.24%
Winner
IONX
+82.63%
6M
Winner
GNOV
+4.77%
IONX
-35.10%
1Y
Winner
GNOV
+16.72%
IONX
-19.54%
Max(CAGR)
GNOV
+12.38%
Winner
IONX
+46.26%
GNOV vs IONX - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | GNOV | IONX |
|---|---|---|
| 2026 | +4.29% | -11.41% |
| 2025 | +13.71% | +67.10% |
| 2024 | +10.84% | N/A |
| 2023 | +2.85% | N/A |
GNOV vs IONX Drawdown Comparison
The maximum drawdown for GNOV was -10.70%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The maximum drawdown for IONX was -93.75%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current GNOV drawdown is -0.74%. The current IONX drawdown is -78.20%.
| Rank | GNOV | IONX |
|---|---|---|
| #1 | -10.70% Feb 19, 2025 - Jun 10, 2025 | -93.75% Oct 13, 2025 - Mar 30, 2026 |
| #2 | -4.56% Feb 25, 2026 - Apr 13, 2026 | -50.31% May 27, 2025 - Sep 12, 2025 |
| #3 | -2.59% Jul 16, 2024 - Aug 15, 2024 | -39.73% Mar 24, 2025 - Apr 24, 2025 |
| #4 | -1.90% Dec 6, 2024 - Jan 21, 2025 | -33.90% Sep 23, 2025 - Oct 6, 2025 |
| #5 | -1.74% Mar 28, 2024 - May 6, 2024 | -29.94% Mar 14, 2025 - Mar 24, 2025 |
| #6 | -1.21% Jan 29, 2026 - Feb 9, 2026 | -21.88% Oct 7, 2025 - Oct 13, 2025 |
| #7 | -1.15% Jul 28, 2025 - Aug 8, 2025 | -11.53% May 2, 2025 - May 8, 2025 |
| #8 | -1.05% Jan 12, 2026 - Jan 26, 2026 | -11.05% Apr 25, 2025 - May 2, 2025 |
| #9 | -1.01% Dec 11, 2025 - Dec 22, 2025 | -10.24% May 20, 2025 - May 22, 2025 |
| #10 | -0.99% Feb 9, 2026 - Feb 25, 2026 | -4.67% May 14, 2025 - May 16, 2025 |
| #11 | -0.96% Oct 8, 2025 - Oct 20, 2025 | -4.44% May 8, 2025 - May 12, 2025 |
| #12 | -0.87% Jan 24, 2025 - Feb 6, 2025 | -3.69% Mar 12, 2025 - Mar 14, 2025 |
| #13 | -0.87% Dec 29, 2023 - Jan 10, 2024 | -0.83% May 22, 2025 - May 27, 2025 |
| #14 | -0.80% Aug 30, 2024 - Sep 12, 2024 | N/A |
| #15 | -0.74% Jun 4, 2026 - Jun 5, 2026 | N/A |
Correlation
Correlation between GNOV and IONX is -0.03 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.03
-101
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