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IONZ vs SKHZ

Defiance Daily Target 2x Short IONQ ETF

IONZCNasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −1.16pt a year

IONZ1.91%SKHZ0.75%

Avg volume · 30D

SKHZ 1.2×the volume

IONZ1.6MSKHZ1.9M

IONZ vs SKHZ Performance

Jul 31, 2026 – Nov 2, 2026

−4.5%IONZ−14.7%SKHZ

Jul 31, 2026 to Nov 2, 2026. IONZ −4.5%. SKHZ −14.7%. Use the arrow keys to read each point.−50%−40%−30%Jul 2026Sep 2026Nov 2026
Expense ratio
IONZ 1.91%
SKHZ 0.75%, better
Fund size
IONZ $11M
SKHZ $4M
1Y total return
IONZ −80.0%
SKHZ No data
Holdings
IONZ 3
SKHZ 2
Avg volume (30D)
IONZ 1.6M sh
SKHZ 1.9M sh, better
NAV per share
IONZ $36.42
SKHZ $11.21
52W range

ETF.net Grade

IONZ: Cost 4, Risk 29, Mission 90, Tradability 44, Holdings not scored, Durability 51. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for IONZ, SKHZ, with each pillar’s weight
PillarIONZSKHZ
Cost30% weightF4A100Higher
Mission25% weightA90Not scored
Risk15% weightD29A75Higher
Tradability15% weightC44A71Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51HigherF20

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IONZ and SKHZ are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

IONZ ranks 25th and SKHZ 27th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 23CMUZDefiance Daily Target 2X Short MU ETFScore 50
  2. Rank 25CIONZDefiance Daily Target 2x Short IONQ ETFScore 41
  3. Rank 25CSNDQTradr 2X Short SNDK Daily ETFScore 41
  4. Rank 27CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40
  5. Rank 27ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 40
  6. Rank 27CTSMZDirexion Daily TSM Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

IONZCDefiance Daily Target 2x Short IONQ ETF

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

In short

IONZ One ticker, one trade: IONZ aims for -2x the daily move in IonQ, the quantum-computing pure play, using swaps instead of a margin account. The clock resets every day, and its 1.91% fee runs above the category norm.

SKHZ No data

Stated mandate

IONZ The Fund seeks daily inverse investment results equal to -2 times the daily percentage change in IonQ Inc.'s share price.

SKHZ No data

Why people hold it

  • IONZ Hews close to its stated -2x daily objective since its June 2025 launch, and sits in the upper half of its bear single-stock leveraged peer group.defianceetfs.com
  • Short exposure without the plumbing: no margin account, no borrowing shares, no recall risk. The bet rides on total return swaps inside a 1940 Act fund.defianceetfs.com
  • Defiance runs the mirror image, a 2x long IonQ fund (IONX), so flipping your direction is a ticker change rather than a new brokerage setup.defianceetfs.com

SKHZ No data

Worth knowing

  • IONZ Daily reset means multi-day results compound off each close and can drift far from -2x the period move, especially when IonQ chops around.defianceetfs.com
  • At 1.91% it prices above the category median, and cheaper bear single-stock funds exist (SKHZ at 0.75%, TSLS at 0.95%), though they track different stocks.
  • A small, young fund that holds swap contracts with a counterparty rather than borrowed stock, and it is not built to pay income.defianceetfs.com

SKHZ No data

Full IONZ profile⁠

Full SKHZ profile⁠

IONZ vs SKHZ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IONZ vs SKHZ Cost

Overpaying IONZ vs SKHZ

$17,296

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IONZ 1.91%

    $31,778

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • IONZ 1.91%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530IONZ $31,778SKHZ $14,482

Year by year

YearIONZSKHZOverpaying
10$3,242$1,336$1,906
20$11,705$5,078$6,627
30$31,778$14,482$17,296

Expense ratio

  • 1.91%IONZ
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

IONZ 41st cheapest of 43 funds

IONZ vs SKHZ Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
IONZ None
SKHZ None

Distribution history

IONZAll IONZ payments⁠

No distribution history available.

SKHZAll SKHZ payments⁠

No distribution history available.

IONZ vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IONZ 165.7%since Jul 2025SKHZ No data
Return per unit of riskSharpe ratio, 3 years
IONZ −0.47since Jul 2025SKHZ No data
Worst fallMax drawdown, 5 years
IONZ −98.7%since Jun 2025SKHZ No data
Market sensitivityBeta, 5 years
IONZ −9.59SKHZ 0.00

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