IONL vs SCHD
GraniteShares 2x Long IONQ Daily ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | IONL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.06% | |
| AUM | $47M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 2 | 104 | |
| YTD Return | -54.62% | +25.62% | |
| 1Y Return | -67.45% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 210.6% | 13.6% | |
| Max Drawdown | -93.5% | -33.4% | |
| Fund Family | GraniteShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Mar 25, 2025 | Oct 20, 2011 |
IONL vs SCHD Performance
GraniteShares 2x Long IONQ Daily ETF (IONL) is a ETF from GraniteShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IONL returned -67.45% while SCHD returned +32.62%. Year to date, IONL is down 54.62% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
IONL has been the more volatile fund, with annualized monthly volatility of 210.6% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IONL charges 1.50% per year while SCHD charges 0.06%. On a $10,000 position that is $150 vs $6 annually, a gap of $144 per year that compounds over a long holding period. On income, IONL currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
IONL and SCHD share 0 holdings out of 101 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 SCHD?
IONL has an expense ratio of 1.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $144 per year of difference.
Which performed better, IONL or SCHD?
Over the past year IONL returned -67.45% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), IONL annualized -24.28% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, IONL or SCHD?
IONL has been the more volatile fund at 210.6% annualized versus 13.6% for SCHD. Worst drawdown: IONL -93.5% vs SCHD -33.4%.
Should I hold both IONL and SCHD?
IONL and SCHD have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IONL and SCHD?
IONL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, IONL or SCHD?
IONL yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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