IONL vs MFEM
Comparison between GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF) and PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF (MFEM, ETF).
IONL vs MFEM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IONL
$159M
MFEM
$159M
Expense Ratio
IONL
N/A
MFEM
0.49%
Max Drawdown
IONL
93.41%
Winner
MFEM
48.84%
Sharpe Ratio
IONL
0.91
Winner
MFEM
1.70
5Y Beta
IONL
4.99
Winner
MFEM
0.70
5Y Dividends CAGR
IONL
N/A
MFEM
10.02%
IONL vs MFEM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IONL
+44.25%
MFEM
-3.00%
3M
Winner
IONL
+129.71%
MFEM
+11.17%
6M
IONL
-22.09%
Winner
MFEM
+24.74%
1Y
IONL
-9.19%
Winner
MFEM
+41.14%
5Y(CAGR)
IONL
N/A
MFEM
+7.54%
10Y(CAGR)
IONL
N/A
MFEM
+7.61%
Max(CAGR)
Winner
IONL
+53.67%
MFEM
+7.61%
IONL vs MFEM - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | IONL | MFEM |
|---|---|---|
| 2026 | +11.76% | +20.91% |
| 2025 | +38.57% | +25.82% |
| 2024 | N/A | +6.16% |
| 2023 | N/A | +14.55% |
| 2022 | N/A | -20.63% |
| 2021 | N/A | +10.12% |
| 2020 | N/A | +9.82% |
| 2019 | N/A | +14.99% |
| 2018 | N/A | -15.89% |
| 2017 | N/A | +4.82% |
IONL vs MFEM 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 MFEM was -43.32%, occurring on Mar 23, 2020. Recovery took 735 trading sessions.
The current IONL drawdown is -71.65%. The current MFEM drawdown is -7.61%.
| Rank | IONL | MFEM |
|---|---|---|
| #1 | -93.41% Oct 13, 2025 - Mar 30, 2026 | -43.32% Jan 26, 2018 - Dec 28, 2020 |
| #2 | -49.40% May 27, 2025 - Sep 12, 2025 | -31.39% Jun 4, 2021 - Sep 26, 2024 |
| #3 | -37.57% Mar 25, 2025 - Apr 24, 2025 | -19.22% Oct 7, 2024 - Jun 24, 2025 |
| #4 | -33.63% Sep 23, 2025 - Oct 6, 2025 | -12.86% Feb 25, 2026 - Apr 30, 2026 |
| #5 | -22.02% Oct 7, 2025 - Oct 13, 2025 | -8.31% Jun 2, 2026 - Jun 5, 2026 |
| #6 | -10.92% May 2, 2025 - May 8, 2025 | -7.46% Feb 12, 2021 - Apr 27, 2021 |
| #7 | -10.34% May 20, 2025 - May 22, 2025 | -6.04% Jan 21, 2021 - Feb 9, 2021 |
| #8 | -9.84% Apr 25, 2025 - May 2, 2025 | -6.02% May 11, 2026 - May 26, 2026 |
| #9 | -5.95% May 14, 2025 - May 16, 2025 | -4.76% May 7, 2021 - May 28, 2021 |
| #10 | -4.23% May 8, 2025 - May 12, 2025 | -4.46% Sep 17, 2025 - Oct 20, 2025 |
| #11 | -0.86% May 22, 2025 - May 27, 2025 | -4.16% Nov 12, 2025 - Dec 26, 2025 |
| #12 | -0.05% May 16, 2025 - May 20, 2025 | -3.96% Sep 11, 2017 - Oct 16, 2017 |
| #13 | N/A | -3.68% Nov 24, 2017 - Dec 22, 2017 |
| #14 | N/A | -3.64% Jul 23, 2025 - Aug 12, 2025 |
| #15 | N/A | -3.51% Jan 29, 2026 - Feb 9, 2026 |
Correlation
Correlation between IONL and MFEM is -0.08 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.08
-101
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