IONL vs VOO
GraniteShares 2x Long IONQ Daily ETF vs Vanguard S&P 500 ETF
Which is better, IONL or VOO?
Trading-Leveraged Equity against Large Cap Blend.
VOO has a lower expense ratio. VOO 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 | VOO |
|---|---|---|
| Expense Ratio | 1.50% | 0.03%Best |
| AUM | $59M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 2 | 509 |
| YTD Return | -69.10% | +11.55%Best |
| 1Y Return | -75.69% | +17.54%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 204.2% | 12.2%Best |
| Max Drawdown | -93.5% | -13.6%Best |
| $10,000 over 1.5 years | $4,547 | $13,472Best |
| Fund Family | GraniteShares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Mar 25, 2025 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 25, 2025 to Sep 10, 2026 (1.5 years).
IONL vs VOO 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 VOO Performance
GraniteShares 2x Long IONQ Daily ETF (IONL) is an ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IONL returned -75.69% while VOO returned +17.54%. Year to date, IONL is down 69.10% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IONL has been the more volatile fund, with annualized monthly volatility of 204.2% compared with 12.2% for VOO. 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 -13.6% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOO 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 1.04% for VOO.
Holdings Overlap
We hold position weights for 1 holding in IONL and 505 in VOO, totalling 66.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in IONL and 505 in VOO, against full books of 2 and 509.
You are not choosing between two funds in isolation.
Whichever of IONL and VOO 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 VOO?
IONL has an expense ratio of 1.50% while VOO charges 0.03%. VOO is the cheaper option, by $147 a year on a $10,000 investment.
Which performed better, IONL or VOO?
Over the past year IONL returned -75.69% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), IONL annualized -40.87% vs +21.98% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IONL or VOO?
IONL has been the more volatile fund at 204.2% annualized versus 12.2% for VOO. Worst drawdown: IONL -93.5% vs VOO -13.6%.
Should I hold both IONL and VOO?
IONL and VOO have a monthly-return correlation of 0.78, 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 VOO?
IONL yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than IONL?
VOO has a lower expense ratio. VOO 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.