IONZ vs TEXN
Comparison between Defiance Daily Target 2x Short IONQ ETF (IONZ, ETF) and ISHARES TEXAS EQUITY ETF (TEXN, ETF).
IONZ vs TEXN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
IONZ vs TEXN - Holdings Comparison
IONZ and TEXN have 0 common holdings. Overlap is 0.00%
IONZ's top 25 holdings weight is 6.22%. TEXN's top 25 holdings weight is 74.29%.
| Rank | IONZ | TEXN |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 6.22% | TESLA INC (TSLA) - 9.18% |
| #2 | N/A | EXXON MOBIL CORP (XOM) - 8.88% |
| #3 | N/A | ORACLE CORP (ORCL) - 7.27% |
| #4 | N/A | CATERPILLAR INC (CAT) - 6.98% |
| #5 | N/A | CHEVRON CORP (CVX) - 6.06% |
| #6 | N/A | TEXAS INSTRUMENTS INC (TXN) - 4.64% |
| #7 | N/A | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 3.37% |
| #8 | N/A | AT&T INC (T) - 2.95% |
| #9 | N/A | CHARLES SCHWAB CORP (SCHW) - 2.58% |
| #10 | N/A | n/a (DELL) - 2.53% |
| #11 | N/A | CONOCOPHILLIPS (COP) - 2.49% |
| #12 | N/A | QUANTA SERVICES INC (PWR) - 1.76% |
| #13 | N/A | MCKESSON CORP (MCK) - 1.58% |
| #14 | N/A | SLB LTD (SLB) - 1.43% |
| #15 | N/A | WASTE MANAGEMENT INC (WM) - 1.37% |
| #16 | N/A | VALERO ENERGY CORP (VLO) - 1.34% |
| #17 | N/A | EOG RESOURCES INC (EOG) - 1.30% |
| #18 | N/A | PHILLIPS 66 (PSX) - 1.26% |
| #19 | N/A | DIGITAL REALTY TRUST INC (DLR) - 1.11% |
| #20 | N/A | BAKER HUGHES CO CLASS A (BKR) - 1.09% |
| #21 | N/A | HEWLETT PACKARD ENTERPRISE CO (HPE) - 1.09% |
| #22 | N/A | COMFORT SYSTEMS USA INC (FIX) - 1.08% |
| #23 | N/A | KINDER MORGAN INC CLASS P (KMI) - 1.04% |
| #24 | N/A | TARGA RESOURCES CORP (TRGP) - 0.96% |
| #25 | N/A | FLEX LTD (FLEX) - 0.95% |
| Total Holdings | 1 | 192 |
IONZ vs TEXN - Historical Returns
Returns include dividend reinvestment.
IONZ vs TEXN - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | IONZ | TEXN |
|---|---|---|
| 2026 | -87.85% | +20.27% |
| 2025 | -81.41% | +8.16% |
IONZ vs TEXN Drawdown Comparison
The maximum drawdown for IONZ was -98.66%, occurring on May 29, 2026. This drawdown has not yet recovered.
The maximum drawdown for TEXN was -6.34%, occurring on Nov 20, 2025. Recovery took 70 trading sessions.
The current IONZ drawdown is -98.18%. The current TEXN drawdown is -3.63%.
| Rank | IONZ | TEXN |
|---|---|---|
| #1 | -98.66% Jun 25, 2025 - May 29, 2026 | -6.34% Sep 24, 2025 - Jan 5, 2026 |
| #2 | N/A | -4.60% Jun 2, 2026 - Jun 10, 2026 |
| #3 | N/A | -2.99% Jul 29, 2025 - Aug 22, 2025 |
| #4 | N/A | -2.76% Mar 2, 2026 - Mar 24, 2026 |
| #5 | N/A | -2.50% Aug 28, 2025 - Sep 10, 2025 |
| #6 | N/A | -2.17% Jan 5, 2026 - Jan 9, 2026 |
| #7 | N/A | -2.09% Feb 11, 2026 - Mar 2, 2026 |
| #8 | N/A | -2.03% Mar 24, 2026 - Apr 16, 2026 |
| #9 | N/A | -1.84% Jan 16, 2026 - Jan 22, 2026 |
| #10 | N/A | -1.74% Jul 10, 2025 - Jul 23, 2025 |
| #11 | N/A | -1.51% May 5, 2026 - May 11, 2026 |
| #12 | N/A | -1.48% Jul 3, 2025 - Jul 10, 2025 |
| #13 | N/A | -1.38% Feb 3, 2026 - Feb 6, 2026 |
| #14 | N/A | -1.19% Jun 24, 2025 - Jul 2, 2025 |
| #15 | N/A | -0.84% May 14, 2026 - May 22, 2026 |
Correlation
Correlation between IONZ and TEXN is -0.79 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
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