IONX vs OIA

Comparison between DEFIANCE DAILY TARGET 2X LONG IONQ ETF (IONX, ETF) and Invesco Municipal Income Opportunities Trust (OIA, ETF).

IONX vs OIA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IONX(ETF)	OIA(ETF)
Net Assets	$297M	$296M
Max Drawdown	93.90%	58.71%
Sharpe Ratio	0.66	0.75
5Y Beta	5.29	0.17
5Y Dividends CAGR	N/A	-1.63%

Net Assets

Winner

IONX

$297M

OIA

$296M

Max Drawdown

IONX

93.90%

Winner

OIA

58.71%

Sharpe Ratio

IONX

0.66

Winner

OIA

0.75

5Y Beta

IONX

5.29

Winner

OIA

0.17

5Y Dividends CAGR

IONX

N/A

OIA

-1.63%

IONX vs OIA - Historical Returns

Returns include dividend reinvestment.

Period	IONX	OIA
1 month	+20.97%	-1.32%
3 months	+82.63%	-1.81%
6 months	-35.10%	+0.55%
1 year	-19.54%	+12.11%
5 years(CAGR)	N/A	-0.66%
10 years(CAGR)	N/A	+2.78%
Max(CAGR)	+46.26%	+4.80%

Winner

IONX

+20.97%

OIA

-1.32%

Winner

IONX

+82.63%

OIA

-1.81%

IONX

-35.10%

Winner

OIA

+0.55%

IONX

-19.54%

Winner

OIA

+12.11%

5Y(CAGR)

IONX

N/A

OIA

-0.66%

10Y(CAGR)

IONX

N/A

OIA

+2.78%

Max(CAGR)

Winner

IONX

+46.26%

OIA

+4.80%

IONX vs OIA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IONX	OIA
2026	-11.41%	+3.24%
2025	+67.10%	+6.44%
2024	N/A	-4.20%
2023	N/A	+7.17%
2022	N/A	-17.71%
2021	N/A	+6.09%
2020	N/A	+4.68%
2019	N/A	+17.64%
2018	N/A	-8.99%
2017	N/A	+17.32%
2016	N/A	+3.43%
2015	N/A	+10.72%
2014	N/A	+18.25%
2013	N/A	-12.44%
2012	N/A	+16.13%
2011	N/A	+16.63%
2010	N/A	+6.34%
2009	N/A	+37.16%
2008	N/A	-32.05%
2007	N/A	-21.12%
2006	N/A	+20.62%
2005	N/A	+21.06%
2004	N/A	+12.12%
2003	N/A	+3.36%
2002	N/A	-0.03%
2001	N/A	-0.47%
2000	N/A	+8.10%
1999	N/A	-5.35%

IONX vs OIA 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 OIA was -55.23%, occurring on Oct 10, 2008. Recovery took 1283 trading sessions.

The current IONX drawdown is -78.20%. The current OIA drawdown is -7.89%.

Rank	IONX	OIA
#1	-93.75% Oct 13, 2025 - Mar 30, 2026	-55.23% May 11, 2007 - Jun 13, 2012
#2	-50.31% May 27, 2025 - Sep 12, 2025	-34.85% Aug 30, 2021 - Oct 27, 2023
#3	-39.73% Mar 24, 2025 - Apr 24, 2025	-31.78% Feb 24, 2020 - Dec 31, 2020
#4	-33.90% Sep 23, 2025 - Oct 6, 2025	-22.39% Nov 26, 2012 - Jan 12, 2015
#5	-29.94% Mar 14, 2025 - Mar 24, 2025	-19.90% Sep 6, 2000 - Feb 12, 2001
#6	-21.88% Oct 7, 2025 - Oct 13, 2025	-14.09% Sep 30, 2016 - May 31, 2017
#7	-11.53% May 2, 2025 - May 8, 2025	-13.06% Sep 10, 2018 - Mar 21, 2019
#8	-11.05% Apr 25, 2025 - May 2, 2025	-11.94% Oct 7, 2002 - Jun 11, 2003
#9	-10.24% May 20, 2025 - May 22, 2025	-11.02% Nov 5, 1999 - Jul 19, 2000
#10	-4.67% May 14, 2025 - May 16, 2025	-11.02% Mar 9, 2004 - Oct 6, 2004
#11	-4.44% May 8, 2025 - May 12, 2025	-10.80% Aug 31, 2001 - Sep 3, 2002
#12	-3.69% Mar 12, 2025 - Mar 14, 2025	-9.53% Nov 7, 2005 - Jan 5, 2006
#13	-0.83% May 22, 2025 - May 27, 2025	-9.10% Jun 16, 2003 - Mar 8, 2004
#14	N/A	-8.65% Dec 27, 2017 - Aug 29, 2018
#15	N/A	-7.54% Apr 12, 2019 - Aug 6, 2019

Correlation

Correlation between IONX and OIA is -0.29 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.29

-101

Dividend Comparison (2000 - 2026)

IONX vs OIA dividend yield comparison.

Year	IONX	OIA
2026	0.00%	2.41%
2025	2.55%	5.81%
2024	0.00%	5.87%
2023	0.00%	5.09%
2022	0.00%	5.68%
2021	0.00%	4.69%
2020	0.00%	4.81%
2019	0.00%	4.88%
2018	0.00%	5.84%
2017	0.00%	5.16%
2016	0.00%	5.58%
2015	0.00%	5.40%
2014	0.00%	5.85%
2013	0.00%	6.77%
2012	0.00%	5.74%
2011	0.00%	6.31%
2010	0.00%	6.80%
2009	0.00%	6.98%
2008	0.00%	10.17%
2007	0.00%	7.22%
2006	0.00%	5.61%
2005	0.00%	6.07%
2004	0.00%	6.46%
2003	0.00%	7.31%
2002	0.00%	7.50%
2001	0.00%	7.31%
2000	0.00%	3.07%