IONZ vs TMNL
Comparison between Defiance Daily Target 2x Short IONQ ETF (IONZ, ETF) and T. ROWE PRICE LONG MUNICIPAL INCOME ETF (TMNL, ETF).
IONZ vs TMNL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IONZ
$17M
Winner
TMNL
$23M
Expense Ratio
IONZ
N/A
TMNL
0.26%
Max Drawdown
IONZ
98.66%
Winner
TMNL
3.18%
Sharpe Ratio
IONZ
-1.13
Winner
TMNL
0.27
5Y Beta
Winner
IONZ
-6.73
TMNL
0.13
IONZ vs TMNL - Historical Returns
Returns include dividend reinvestment.
1M
IONZ
-32.60%
Winner
TMNL
+0.73%
3M
IONZ
-88.32%
Winner
TMNL
+1.60%
6M
IONZ
-88.56%
Winner
TMNL
+2.75%
1Y
IONZ
-98.00%
TMNL
N/A
Max(CAGR)
IONZ
-98.25%
Winner
TMNL
+4.89%
IONZ vs TMNL - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | IONZ | TMNL |
|---|---|---|
| 2026 | -88.19% | +2.28% |
| 2025 | -81.41% | +0.34% |
IONZ vs TMNL 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 TMNL was -2.94%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The current IONZ drawdown is -98.23%. The current TMNL drawdown is -0.18%.
| Rank | IONZ | TMNL |
|---|---|---|
| #1 | -98.66% Jun 25, 2025 - May 29, 2026 | -2.94% Feb 26, 2026 - Jun 1, 2026 |
| #2 | N/A | -0.56% Nov 26, 2025 - Jan 5, 2026 |
| #3 | N/A | -0.54% Jan 14, 2026 - Jan 30, 2026 |
| #4 | N/A | -0.44% Jun 4, 2026 - Jun 10, 2026 |
| #5 | N/A | -0.25% Jan 9, 2026 - Jan 14, 2026 |
| #6 | N/A | -0.22% Feb 10, 2026 - Feb 12, 2026 |
| #7 | N/A | -0.20% Jun 2, 2026 - Jun 4, 2026 |
| #8 | N/A | -0.16% Jan 7, 2026 - Jan 9, 2026 |
| #9 | N/A | -0.15% Feb 5, 2026 - Feb 9, 2026 |
| #10 | N/A | -0.08% Feb 2, 2026 - Feb 5, 2026 |
| #11 | N/A | -0.08% Feb 24, 2026 - Feb 26, 2026 |
| #12 | N/A | -0.05% Nov 20, 2025 - Nov 24, 2025 |
| #13 | N/A | -0.03% Feb 17, 2026 - Feb 19, 2026 |
| #14 | N/A | -0.01% Feb 19, 2026 - Feb 24, 2026 |
Correlation
Correlation between IONZ and TMNL is -0.87 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.87
-101
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