BBP vs IONL
Comparison between VIRTUS BIOTECH ETF (BBP, ETF) and GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF).
BBP vs IONL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BBP
$87M
Winner
IONL
$87M
Expense Ratio
BBP
0.34%
IONL
N/A
Max Drawdown
Winner
BBP
44.32%
IONL
93.41%
Sharpe Ratio
Winner
BBP
1.89
IONL
0.04
5Y Beta
Winner
BBP
0.84
IONL
5.04
P/E Ratio
BBP
-46.54
IONL
N/A
Forward P/E
BBP
15.78
IONL
N/A
5Y EPS CAGR
BBP
5.58%
IONL
N/A
Debt to Equity
BBP
85.63%
IONL
N/A
P/S Ratio
BBP
5.74
IONL
N/A
P/B Ratio
BBP
4.63
IONL
N/A
BBP vs IONL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BBP
+6.87%
IONL
-65.42%
3M
Winner
BBP
+13.76%
IONL
-55.00%
6M
Winner
BBP
+16.79%
IONL
-68.93%
1Y
Winner
BBP
+59.14%
IONL
-77.12%
5Y(CAGR)
BBP
+13.58%
IONL
N/A
10Y(CAGR)
BBP
+12.66%
IONL
N/A
Max(CAGR)
Winner
BBP
+12.24%
IONL
-42.19%
BBP vs IONL - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | BBP | IONL |
|---|---|---|
| 2026 | +22.91% | -67.73% |
| 2025 | +31.60% | +38.57% |
| 2024 | +1.76% | N/A |
| 2023 | +19.51% | N/A |
| 2022 | -0.92% | N/A |
| 2021 | -8.54% | N/A |
| 2020 | +23.26% | N/A |
| 2019 | +23.60% | N/A |
| 2018 | -15.04% | N/A |
| 2017 | +24.38% | N/A |
| 2016 | +10.01% | N/A |
| 2015 | +17.91% | N/A |
| 2014 | +0.27% | N/A |
BBP vs IONL Drawdown Comparison
The maximum drawdown for BBP was -44.32%, occurring on May 9, 2022. Recovery took 767 trading sessions.
The maximum drawdown for IONL was -93.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current BBP drawdown is -5.49%. The current IONL drawdown is -91.81%.
| Rank | BBP | IONL |
|---|---|---|
| #1 | -44.32% Feb 8, 2021 - Feb 27, 2024 | -93.41% Oct 13, 2025 - Mar 30, 2026 |
| #2 | -40.50% Jul 20, 2015 - Feb 9, 2017 | -49.40% May 27, 2025 - Sep 12, 2025 |
| #3 | -32.25% Jul 13, 2018 - May 11, 2020 | -37.57% Mar 25, 2025 - Apr 24, 2025 |
| #4 | -26.09% Nov 8, 2024 - Sep 2, 2025 | -33.63% Sep 23, 2025 - Oct 6, 2025 |
| #5 | -19.84% Feb 27, 2024 - Jul 15, 2024 | -22.02% Oct 7, 2025 - Oct 13, 2025 |
| #6 | -12.40% Jan 29, 2018 - Jun 19, 2018 | -10.92% May 2, 2025 - May 8, 2025 |
| #7 | -11.75% Jul 20, 2020 - Oct 7, 2020 | -10.34% May 20, 2025 - May 22, 2025 |
| #8 | -11.54% Apr 23, 2015 - Jun 5, 2015 | -9.84% Apr 25, 2025 - May 2, 2025 |
| #9 | -10.58% Jul 16, 2024 - Nov 6, 2024 | -5.95% May 14, 2025 - May 16, 2025 |
| #10 | -10.39% Oct 5, 2017 - Jan 22, 2018 | -4.23% May 8, 2025 - May 12, 2025 |
| #11 | -10.09% Jul 24, 2017 - Sep 29, 2017 | -0.86% May 22, 2025 - May 27, 2025 |
| #12 | -9.28% Feb 24, 2026 - Apr 14, 2026 | -0.05% May 16, 2025 - May 20, 2025 |
| #13 | -8.86% Mar 3, 2017 - Jun 20, 2017 | N/A |
| #14 | -7.56% May 6, 2026 - Jun 22, 2026 | N/A |
| #15 | -7.56% Jun 23, 2015 - Jul 14, 2015 | N/A |
Correlation
Correlation between BBP and IONL is -0.30 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.30
-101
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