DWAW vs IONL
Comparison between ADVISORSHARES DORSEY WRIGHT FSM ALL CAP WORLD ETF (DWAW, ETF) and GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF).
DWAW vs IONL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
DWAW
$89M
IONL
$88M
Expense Ratio
DWAW
1.23%
IONL
N/A
Max Drawdown
Winner
DWAW
32.55%
IONL
93.41%
Sharpe Ratio
Winner
DWAW
1.09
IONL
0.72
5Y Beta
Winner
DWAW
1.10
IONL
4.99
DWAW vs IONL - Historical Returns
Returns include dividend reinvestment.
1M
DWAW
+2.90%
Winner
IONL
+22.72%
3M
DWAW
+11.42%
Winner
IONL
+88.72%
6M
Winner
DWAW
+12.34%
IONL
-31.77%
1Y
Winner
DWAW
+22.68%
IONL
-10.80%
5Y(CAGR)
DWAW
+6.38%
IONL
N/A
Max(CAGR)
DWAW
+11.85%
Winner
IONL
+31.34%
DWAW vs IONL - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | DWAW | IONL |
|---|---|---|
| 2026 | +11.02% | -7.70% |
| 2025 | +10.68% | +38.57% |
| 2024 | +20.32% | N/A |
| 2023 | +10.77% | N/A |
| 2022 | -17.57% | N/A |
| 2021 | +5.12% | N/A |
| 2020 | +46.82% | N/A |
| 2019 | -0.38% | N/A |
DWAW vs IONL Drawdown Comparison
The maximum drawdown for DWAW was -31.56%, occurring on Sep 30, 2022. Recovery took 852 trading sessions.
The maximum drawdown for IONL was -93.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current DWAW drawdown is -4.35%. The current IONL drawdown is -76.59%.
| Rank | DWAW | IONL |
|---|---|---|
| #1 | -31.56% Feb 12, 2021 - Jul 5, 2024 | -93.41% Oct 13, 2025 - Mar 30, 2026 |
| #2 | -29.02% Feb 20, 2020 - Jun 5, 2020 | -49.40% May 27, 2025 - Sep 12, 2025 |
| #3 | -22.91% Dec 6, 2024 - Aug 12, 2025 | -37.57% Mar 25, 2025 - Apr 24, 2025 |
| #4 | -13.08% Jul 10, 2024 - Nov 7, 2024 | -33.63% Sep 23, 2025 - Oct 6, 2025 |
| #5 | -11.58% Feb 25, 2026 - Apr 17, 2026 | -22.02% Oct 7, 2025 - Oct 13, 2025 |
| #6 | -10.55% Sep 2, 2020 - Oct 13, 2020 | -10.92% May 2, 2025 - May 8, 2025 |
| #7 | -8.01% Oct 13, 2020 - Nov 5, 2020 | -10.34% May 20, 2025 - May 22, 2025 |
| #8 | -6.82% Oct 29, 2025 - Dec 24, 2025 | -9.84% Apr 25, 2025 - May 2, 2025 |
| #9 | -5.23% Jun 10, 2020 - Jun 23, 2020 | -5.95% May 14, 2025 - May 16, 2025 |
| #10 | -5.00% Jan 22, 2021 - Feb 4, 2021 | -4.23% May 8, 2025 - May 12, 2025 |
| #11 | -4.35% Jun 2, 2026 - Jun 5, 2026 | -0.86% May 22, 2025 - May 27, 2025 |
| #12 | -4.31% Dec 22, 2020 - Jan 7, 2021 | -0.05% May 16, 2025 - May 20, 2025 |
| #13 | -3.70% Jun 23, 2020 - Jul 1, 2020 | N/A |
| #14 | -3.65% Jul 20, 2020 - Aug 3, 2020 | N/A |
| #15 | -3.52% Jan 29, 2026 - Feb 9, 2026 | N/A |
Correlation
Correlation between DWAW and IONL is 0.13 which considered as a very weak or no correlation - the stocks move independently of each other.
0.13
-101
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