IONX vs GNOV
Comparison between DEFIANCE DAILY TARGET 2X LONG IONQ ETF (IONX, ETF) and FT VEST U.S. EQUITY MODERATE BUFFER ETF - NOVEMBER (GNOV, ETF).
IONX vs GNOV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IONX
$297M
Winner
GNOV
$299M
Expense Ratio
IONX
N/A
GNOV
0.85%
Max Drawdown
IONX
93.90%
Winner
GNOV
10.70%
Sharpe Ratio
IONX
0.66
Winner
GNOV
2.00
5Y Beta
IONX
5.29
Winner
GNOV
0.47
IONX vs GNOV - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IONX
+20.97%
GNOV
+0.97%
3M
Winner
IONX
+82.63%
GNOV
+4.24%
6M
IONX
-35.10%
Winner
GNOV
+4.77%
1Y
IONX
-19.54%
Winner
GNOV
+16.72%
Max(CAGR)
Winner
IONX
+46.26%
GNOV
+12.38%
IONX vs GNOV - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | IONX | GNOV |
|---|---|---|
| 2026 | -11.41% | +4.29% |
| 2025 | +67.10% | +13.71% |
| 2024 | N/A | +10.84% |
| 2023 | N/A | +2.85% |
IONX vs GNOV Drawdown Comparison
The maximum drawdown for IONX was -93.75%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for GNOV was -10.70%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The current IONX drawdown is -78.20%. The current GNOV drawdown is -0.74%.
| Rank | IONX | GNOV |
|---|---|---|
| #1 | -93.75% Oct 13, 2025 - Mar 30, 2026 | -10.70% Feb 19, 2025 - Jun 10, 2025 |
| #2 | -50.31% May 27, 2025 - Sep 12, 2025 | -4.56% Feb 25, 2026 - Apr 13, 2026 |
| #3 | -39.73% Mar 24, 2025 - Apr 24, 2025 | -2.59% Jul 16, 2024 - Aug 15, 2024 |
| #4 | -33.90% Sep 23, 2025 - Oct 6, 2025 | -1.90% Dec 6, 2024 - Jan 21, 2025 |
| #5 | -29.94% Mar 14, 2025 - Mar 24, 2025 | -1.74% Mar 28, 2024 - May 6, 2024 |
| #6 | -21.88% Oct 7, 2025 - Oct 13, 2025 | -1.21% Jan 29, 2026 - Feb 9, 2026 |
| #7 | -11.53% May 2, 2025 - May 8, 2025 | -1.15% Jul 28, 2025 - Aug 8, 2025 |
| #8 | -11.05% Apr 25, 2025 - May 2, 2025 | -1.05% Jan 12, 2026 - Jan 26, 2026 |
| #9 | -10.24% May 20, 2025 - May 22, 2025 | -1.01% Dec 11, 2025 - Dec 22, 2025 |
| #10 | -4.67% May 14, 2025 - May 16, 2025 | -0.99% Feb 9, 2026 - Feb 25, 2026 |
| #11 | -4.44% May 8, 2025 - May 12, 2025 | -0.96% Oct 8, 2025 - Oct 20, 2025 |
| #12 | -3.69% Mar 12, 2025 - Mar 14, 2025 | -0.87% Jan 24, 2025 - Feb 6, 2025 |
| #13 | -0.83% May 22, 2025 - May 27, 2025 | -0.87% Dec 29, 2023 - Jan 10, 2024 |
| #14 | N/A | -0.80% Aug 30, 2024 - Sep 12, 2024 |
| #15 | N/A | -0.74% Jun 4, 2026 - Jun 5, 2026 |
Correlation
Correlation between IONX and GNOV 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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