IONL vs TBF
Comparison between GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF) and PROSHARES SHORT 20+ YEAR TREASURY (TBF, ETF).
IONL vs TBF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IONL
$87M
TBF
$87M
Expense Ratio
IONL
N/A
TBF
0.95%
Max Drawdown
IONL
93.41%
Winner
TBF
71.19%
Sharpe Ratio
IONL
0.06
Winner
TBF
0.06
5Y Beta
IONL
5.04
Winner
TBF
-0.03
IONL vs TBF - Historical Returns
Returns include dividend reinvestment.
1M
IONL
-67.49%
Winner
TBF
+3.85%
3M
IONL
-53.14%
Winner
TBF
+4.37%
6M
IONL
-69.85%
Winner
TBF
+5.99%
1Y
IONL
-77.66%
Winner
TBF
+4.36%
5Y(CAGR)
IONL
N/A
TBF
+12.14%
10Y(CAGR)
IONL
N/A
TBF
+3.56%
Max(CAGR)
IONL
-45.66%
Winner
TBF
-2.92%
IONL vs TBF - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | IONL | TBF |
|---|---|---|
| 2026 | -70.36% | +5.29% |
| 2025 | +38.57% | +1.51% |
| 2024 | N/A | +15.60% |
| 2023 | N/A | +4.35% |
| 2022 | N/A | +38.48% |
| 2021 | N/A | +1.46% |
| 2020 | N/A | -18.48% |
| 2019 | N/A | -10.57% |
| 2018 | N/A | +2.13% |
| 2017 | N/A | -8.15% |
| 2016 | N/A | -2.77% |
| 2015 | N/A | -0.72% |
| 2014 | N/A | -23.32% |
| 2013 | N/A | +10.55% |
| 2012 | N/A | -7.14% |
| 2011 | N/A | -29.64% |
| 2010 | N/A | -12.48% |
| 2009 | N/A | +2.77% |
IONL vs TBF 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 TBF was -70.40%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The current IONL drawdown is -92.48%. The current TBF drawdown is -41.73%.
| Rank | IONL | TBF |
|---|---|---|
| #1 | -93.41% Oct 13, 2025 - Mar 30, 2026 | -70.40% Jan 11, 2010 - Aug 4, 2020 |
| #2 | -49.40% May 27, 2025 - Sep 12, 2025 | -6.94% Aug 21, 2009 - Dec 22, 2009 |
| #3 | -37.57% Mar 25, 2025 - Apr 24, 2025 | -1.59% Dec 28, 2009 - Jan 11, 2010 |
| #4 | -33.63% Sep 23, 2025 - Oct 6, 2025 | N/A |
| #5 | -22.02% Oct 7, 2025 - Oct 13, 2025 | N/A |
| #6 | -10.92% May 2, 2025 - May 8, 2025 | N/A |
| #7 | -10.34% May 20, 2025 - May 22, 2025 | N/A |
| #8 | -9.84% Apr 25, 2025 - May 2, 2025 | N/A |
| #9 | -5.95% May 14, 2025 - May 16, 2025 | N/A |
| #10 | -4.23% May 8, 2025 - May 12, 2025 | N/A |
| #11 | -0.86% May 22, 2025 - May 27, 2025 | N/A |
| #12 | -0.05% May 16, 2025 - May 20, 2025 | N/A |
Correlation
Correlation between IONL and TBF is -0.31 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.31
-101
Select Stocks to Compare
Popular: IONL vs SPYTBF vs SPY
More Comparisons
Compare with similar stocks