IONL vs IVV
GraniteShares 2x Long IONQ Daily ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IONL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.03% | |
| AUM | $88M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 2 | 508 | |
| YTD Return | -52.77% | +12.71% | |
| 1Y Return | -49.59% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 211.2% | 15.1% | |
| Max Drawdown | -93.5% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 25, 2025 | May 15, 2000 |
IONL vs IVV Performance
GraniteShares 2x Long IONQ Daily ETF (IONL) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IONL returned -49.59% while IVV returned +21.89%. Year to date, IONL is down 52.77% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IONL has been the more volatile fund, with annualized monthly volatility of 211.2% compared with 15.1% 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 -93.5% for IONL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. 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.
Holdings Overlap
IONL and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $147 per year of difference.
Which performed better, IONL or IVV?
Over the past year IONL returned -49.59% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IONL annualized -21.68% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, IONL or IVV?
IONL has been the more volatile fund at 211.2% annualized versus 15.1% for IVV. Worst drawdown: IONL -93.5% vs IVV -56.5%.
Should I hold both IONL and IVV?
IONL and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IONL and IVV?
IONL and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
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.
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