IONL vs VYM
GraniteShares 2x Long IONQ Daily ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | IONL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.04% | |
| AUM | $47M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 2 | 568 | |
| YTD Return | -51.06% | +16.53% | |
| 1Y Return | -61.70% | +25.03% | |
| 3Y Return (annualized) | - | +18.54% | |
| 5Y Return (annualized) | - | +12.25% | |
| Volatility (annualized) | 211.8% | 14.6% | |
| Max Drawdown | -93.5% | -58.8% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 25, 2025 | Nov 10, 2006 |
IONL vs VYM Performance
GraniteShares 2x Long IONQ Daily ETF (IONL) is a ETF from GraniteShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year IONL returned -61.70% while VYM returned +25.03%. Year to date, IONL is down 51.06% versus a gain of 16.53% for VYM.
Risk: Volatility and Drawdowns
IONL has been the more volatile fund, with annualized monthly volatility of 211.8% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IONL charges 1.50% per year while VYM charges 0.04%. On a $10,000 position that is $150 vs $4 annually, a gap of $146 per year that compounds over a long holding period. On income, IONL currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
IONL and VYM share 0 holdings out of 559 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 VYM?
IONL has an expense ratio of 1.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $146 per year of difference.
Which performed better, IONL or VYM?
Over the past year IONL returned -61.70% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), IONL annualized -19.99% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, IONL or VYM?
IONL has been the more volatile fund at 211.8% annualized versus 14.6% for VYM. Worst drawdown: IONL -93.5% vs VYM -58.8%.
Should I hold both IONL and VYM?
IONL and VYM have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IONL and VYM?
IONL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, IONL or VYM?
IONL yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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