IONX vs ONEV

Comparison between DEFIANCE DAILY TARGET 2X LONG IONQ ETF (IONX, ETF) and STATE STREET(R) SPDR(R) RUSSELL 1000 LOW VOLATILITY FOCUS ETF (ONEV, ETF).

IONX vs ONEV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IONX(ETF)	ONEV(ETF)
Net Assets	$413M	$413M
Expense Ratio	N/A	0.20%
Max Drawdown	93.90%	40.16%
Sharpe Ratio	0.69	0.85
5Y Beta	5.28	0.58
P/E Ratio	N/A	20.58
Forward P/E	N/A	15.42
5Y Dividends CAGR	N/A	9.93%
5Y EPS CAGR	N/A	11.93%
Debt to Equity	N/A	23.40%
P/S Ratio	N/A	1.08
P/B Ratio	N/A	2.83

Net Assets

Winner

IONX

$413M

ONEV

$413M

Expense Ratio

IONX

N/A

ONEV

0.20%

Max Drawdown

IONX

93.90%

Winner

ONEV

40.16%

Sharpe Ratio

IONX

0.69

Winner

ONEV

0.85

5Y Beta

IONX

5.28

Winner

ONEV

0.58

P/E Ratio

IONX

N/A

ONEV

20.58

Forward P/E

IONX

N/A

ONEV

15.42

5Y Dividends CAGR

IONX

N/A

ONEV

9.93%

5Y EPS CAGR

IONX

N/A

ONEV

11.93%

Debt to Equity

IONX

N/A

ONEV

23.40%

P/S Ratio

IONX

N/A

ONEV

1.08

P/B Ratio

IONX

N/A

ONEV

2.83

IONX vs ONEV - Historical Returns

Returns include dividend reinvestment.

Period	IONX	ONEV
1 month	-23.74%	+0.85%
3 months	+122.13%	+6.68%
6 months	-34.32%	+5.54%
1 year	-34.48%	+12.22%
5 years(CAGR)	N/A	+8.42%
10 years(CAGR)	N/A	+11.33%
Max(CAGR)	+44.78%	+11.26%

IONX

-23.74%

Winner

ONEV

+0.85%

Winner

IONX

+122.13%

ONEV

+6.68%

IONX

-34.32%

Winner

ONEV

+5.54%

IONX

-34.48%

Winner

ONEV

+12.22%

5Y(CAGR)

IONX

N/A

ONEV

+8.42%

10Y(CAGR)

IONX

N/A

ONEV

+11.33%

Max(CAGR)

Winner

IONX

+44.78%

ONEV

+11.26%

IONX vs ONEV - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	IONX	ONEV
2026	-11.00%	+6.14%
2025	+67.10%	+8.45%
2024	N/A	+11.58%
2023	N/A	+13.14%
2022	N/A	-7.61%
2021	N/A	+31.24%
2020	N/A	+6.26%
2019	N/A	+31.39%
2018	N/A	-5.37%
2017	N/A	+17.16%
2016	N/A	+14.94%
2015	N/A	-0.72%

IONX vs ONEV 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 ONEV was -39.70%, occurring on Mar 23, 2020. Recovery took 210 trading sessions.

The current IONX drawdown is -78.10%. The current ONEV drawdown is -1.84%.

Rank	IONX	ONEV
#1	-93.75% Oct 13, 2025 - Mar 30, 2026	-39.70% Jan 17, 2020 - Nov 16, 2020
#2	-50.31% May 27, 2025 - Sep 12, 2025	-18.53% Dec 29, 2021 - Jul 19, 2023
#3	-39.73% Mar 24, 2025 - Apr 24, 2025	-16.81% Sep 21, 2018 - Apr 1, 2019
#4	-33.90% Sep 23, 2025 - Oct 6, 2025	-14.82% Nov 29, 2024 - Aug 13, 2025
#5	-29.94% Mar 14, 2025 - Mar 24, 2025	-10.91% Jul 25, 2023 - Dec 13, 2023
#6	-21.88% Oct 7, 2025 - Oct 13, 2025	-10.85% Dec 4, 2015 - Mar 16, 2016
#7	-11.53% May 2, 2025 - May 8, 2025	-8.55% Jan 26, 2018 - Aug 6, 2018
#8	-11.05% Apr 25, 2025 - May 2, 2025	-7.75% Mar 2, 2026 - Jun 9, 2026
#9	-10.24% May 20, 2025 - May 22, 2025	-6.11% Mar 28, 2024 - Jul 17, 2024
#10	-4.67% May 14, 2025 - May 16, 2025	-6.03% Aug 23, 2016 - Nov 21, 2016
#11	-4.44% May 8, 2025 - May 12, 2025	-5.93% Jul 26, 2019 - Sep 11, 2019
#12	-3.69% Mar 12, 2025 - Mar 14, 2025	-5.55% Sep 2, 2021 - Oct 22, 2021
#13	-0.83% May 22, 2025 - May 27, 2025	-5.10% Nov 16, 2021 - Dec 15, 2021
#14	N/A	-4.74% Apr 30, 2019 - Jun 7, 2019
#15	N/A	-4.48% May 7, 2021 - Jul 29, 2021

Correlation

Correlation between IONX and ONEV is -0.18 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.18

-101

Dividend Comparison (2015 - 2026)

IONX vs ONEV dividend yield comparison.

Year	IONX	ONEV
2026	0.00%	0.95%
2025	2.55%	1.81%
2024	0.00%	1.88%
2023	0.00%	1.79%
2022	0.00%	1.80%
2021	0.00%	1.44%
2020	0.00%	1.87%
2019	0.00%	2.07%
2018	0.00%	2.14%
2017	0.00%	6.91%
2016	0.00%	3.73%
2015	0.00%	0.21%