IONL vs BBP
Comparison between GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF) and VIRTUS BIOTECH ETF (BBP, ETF).
IONL vs BBP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IONL
$87M
BBP
$87M
Expense Ratio
IONL
N/A
BBP
0.34%
Max Drawdown
IONL
93.41%
Winner
BBP
44.32%
Sharpe Ratio
IONL
0.06
Winner
BBP
1.86
5Y Beta
IONL
5.04
Winner
BBP
0.84
P/E Ratio
IONL
N/A
BBP
-46.54
Forward P/E
IONL
N/A
BBP
15.69
5Y EPS CAGR
IONL
N/A
BBP
5.58%
Debt to Equity
IONL
N/A
BBP
85.63%
P/S Ratio
IONL
N/A
BBP
5.74
P/B Ratio
IONL
N/A
BBP
4.63
IONL vs BBP - Historical Returns
Returns include dividend reinvestment.
1M
IONL
-67.49%
Winner
BBP
+4.88%
3M
IONL
-53.14%
Winner
BBP
+12.98%
6M
IONL
-69.85%
Winner
BBP
+16.75%
1Y
IONL
-77.66%
Winner
BBP
+51.98%
5Y(CAGR)
IONL
N/A
BBP
+13.59%
10Y(CAGR)
IONL
N/A
BBP
+12.53%
Max(CAGR)
IONL
-45.66%
Winner
BBP
+12.17%
IONL vs BBP - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | IONL | BBP |
|---|---|---|
| 2026 | -70.36% | +22.07% |
| 2025 | +38.57% | +31.60% |
| 2024 | N/A | +1.76% |
| 2023 | N/A | +19.51% |
| 2022 | N/A | -0.92% |
| 2021 | N/A | -8.54% |
| 2020 | N/A | +23.26% |
| 2019 | N/A | +23.60% |
| 2018 | N/A | -15.04% |
| 2017 | N/A | +24.38% |
| 2016 | N/A | +10.01% |
| 2015 | N/A | +17.91% |
| 2014 | N/A | +0.27% |
IONL vs BBP Drawdown Comparison
The maximum drawdown for IONL was -93.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for BBP was -44.32%, occurring on May 9, 2022. Recovery took 767 trading sessions.
The current IONL drawdown is -92.48%. The current BBP drawdown is -6.14%.
| Rank | IONL | BBP |
|---|---|---|
| #1 | -93.41% Oct 13, 2025 - Mar 30, 2026 | -44.32% Feb 8, 2021 - Feb 27, 2024 |
| #2 | -49.40% May 27, 2025 - Sep 12, 2025 | -40.50% Jul 20, 2015 - Feb 9, 2017 |
| #3 | -37.57% Mar 25, 2025 - Apr 24, 2025 | -32.25% Jul 13, 2018 - May 11, 2020 |
| #4 | -33.63% Sep 23, 2025 - Oct 6, 2025 | -26.09% Nov 8, 2024 - Sep 2, 2025 |
| #5 | -22.02% Oct 7, 2025 - Oct 13, 2025 | -19.84% Feb 27, 2024 - Jul 15, 2024 |
| #6 | -10.92% May 2, 2025 - May 8, 2025 | -12.40% Jan 29, 2018 - Jun 19, 2018 |
| #7 | -10.34% May 20, 2025 - May 22, 2025 | -11.75% Jul 20, 2020 - Oct 7, 2020 |
| #8 | -9.84% Apr 25, 2025 - May 2, 2025 | -11.54% Apr 23, 2015 - Jun 5, 2015 |
| #9 | -5.95% May 14, 2025 - May 16, 2025 | -10.58% Jul 16, 2024 - Nov 6, 2024 |
| #10 | -4.23% May 8, 2025 - May 12, 2025 | -10.39% Oct 5, 2017 - Jan 22, 2018 |
| #11 | -0.86% May 22, 2025 - May 27, 2025 | -10.09% Jul 24, 2017 - Sep 29, 2017 |
| #12 | -0.05% May 16, 2025 - May 20, 2025 | -9.28% Feb 24, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.86% Mar 3, 2017 - Jun 20, 2017 |
| #14 | N/A | -7.56% May 6, 2026 - Jun 22, 2026 |
| #15 | N/A | -7.56% Jun 23, 2015 - Jul 14, 2015 |
Correlation
Correlation between IONL and BBP is -0.30 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.30
-101
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