IONL vs IVV
GraniteShares 2x Long IONQ Daily ETF vs iShares Core S&P 500 ETF
Which is better, IONL or IVV?
Trading-Leveraged Equity against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IONL | IVV |
|---|---|---|
| Expense Ratio | 1.50% | 0.03%Best |
| AUM | $61M | $896.5B |
| Dividend Yield | 0.00% | 1.10% |
| Holdings | 4 | 508 |
| YTD Return | -78.96% | +13.59%Best |
| 1Y Return | -94.08% | +17.54%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 203.8% | 11.7%Best |
| Max Drawdown | -94.7% | -13.7%Best |
| $10,000 over 1.6 years | $3,055 | $13,739Best |
| Fund Family | GraniteShares | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Mar 25, 2025 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 25, 2025 to Oct 14, 2026 (1.6 years).
IONL vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IONL vs IVV Performance
GraniteShares 2x Long IONQ Daily ETF (IONL) is an ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year IONL returned -94.08% while IVV returned +17.54%. Year to date, IONL is down 78.96% versus a gain of 13.59% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IONL has been the more volatile fund, with annualized monthly volatility of 203.8% compared with 11.7% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -94.7% for IONL and -13.7% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IONL charges 1.50% per year while IVV charges 0.03%. On a $10,000 position that is $150 vs $3 annually, a gap of $147 per year that compounds over a long holding period. On income, IONL currently yields 0.00% against 1.10% for IVV.
You are not choosing between two funds in isolation.
Whichever of IONL and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IONL or IVV?
IONL has an expense ratio of 1.50% while IVV charges 0.03%. IVV is the cheaper option, by $147 a year on a $10,000 investment.
Which performed better, IONL or IVV?
Over the past year IONL returned -94.08% vs +17.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IONL annualized -52.34% vs +21.96% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IONL or IVV?
IONL has been the more volatile fund at 203.8% annualized versus 11.7% for IVV. Worst drawdown: IONL -94.7% vs IVV -13.7%.
Should I hold both IONL and IVV?
IONL and IVV have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IONL or IVV?
IONL yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than IONL?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.