QBTZ vs ION
Comparison between Defiance Daily Target 2x Short QBTS ETF (QBTZ, ETF) and PROSHARES S&P GLOBAL CORE BATTERY METALS ETF (ION, ETF).
QBTZ vs ION - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QBTZ
$17M
Winner
ION
$17M
Expense Ratio
QBTZ
N/A
ION
0.58%
Max Drawdown
QBTZ
96.03%
Winner
ION
53.84%
Sharpe Ratio
QBTZ
-0.19
Winner
ION
1.88
5Y Beta
Winner
QBTZ
-8.65
ION
1.02
QBTZ vs ION - Historical Returns
Returns include dividend reinvestment.
1M
QBTZ
-60.13%
Winner
ION
-12.61%
3M
QBTZ
-86.95%
Winner
ION
+2.74%
6M
QBTZ
-87.74%
Winner
ION
+23.37%
1Y
QBTZ
N/A
ION
+109.73%
Max(CAGR)
QBTZ
-97.46%
Winner
ION
+11.66%
QBTZ vs ION - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | QBTZ | ION |
|---|---|---|
| 2026 | -80.54% | +10.25% |
| 2025 | -50.03% | +107.85% |
| 2024 | N/A | -19.65% |
| 2023 | N/A | -13.62% |
| 2022 | N/A | -8.86% |
QBTZ vs ION Drawdown Comparison
The maximum drawdown for QBTZ was -96.03%, occurring on May 29, 2026. This drawdown has not yet recovered.
The maximum drawdown for ION was -52.07%, occurring on Apr 8, 2025. Recovery took 689 trading sessions.
The current QBTZ drawdown is -94.25%. The current ION drawdown is -14.68%.
| Rank | QBTZ | ION |
|---|---|---|
| #1 | -96.03% Nov 21, 2025 - May 29, 2026 | -52.07% Feb 1, 2023 - Oct 30, 2025 |
| #2 | -56.22% Oct 10, 2025 - Oct 22, 2025 | -23.30% Jan 27, 2026 - Apr 17, 2026 |
| #3 | -53.23% Oct 22, 2025 - Nov 17, 2025 | -22.86% May 6, 2026 - Jun 10, 2026 |
| #4 | -5.58% Nov 17, 2025 - Nov 20, 2025 | -9.89% Dec 2, 2022 - Jan 12, 2023 |
| #5 | -4.41% Oct 8, 2025 - Oct 10, 2025 | -7.18% Oct 30, 2025 - Nov 10, 2025 |
| #6 | N/A | -6.26% Nov 19, 2025 - Nov 28, 2025 |
| #7 | N/A | -4.91% Dec 26, 2025 - Jan 5, 2026 |
| #8 | N/A | -4.32% Apr 17, 2026 - Apr 30, 2026 |
| #9 | N/A | -3.97% Jan 14, 2026 - Jan 22, 2026 |
| #10 | N/A | -3.33% Nov 28, 2025 - Dec 8, 2025 |
| #11 | N/A | -3.24% Dec 11, 2025 - Dec 18, 2025 |
| #12 | N/A | -3.01% Jan 6, 2026 - Jan 12, 2026 |
| #13 | N/A | -2.35% Jan 26, 2023 - Feb 1, 2023 |
| #14 | N/A | -2.13% Jan 12, 2023 - Jan 20, 2023 |
| #15 | N/A | -2.09% May 1, 2026 - May 6, 2026 |
Correlation
Correlation between QBTZ and ION is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.46
-101
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