IONL vs VTN
Comparison between GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF) and Invesco Trust For Investment Grade New York Municipals (VTN, ETF).
IONL vs VTN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IONL
$159M
Winner
VTN
$159M
Max Drawdown
IONL
93.41%
Winner
VTN
60.53%
Sharpe Ratio
IONL
0.91
Winner
VTN
1.25
5Y Beta
IONL
4.99
Winner
VTN
0.15
5Y Dividends CAGR
IONL
N/A
VTN
8.31%
IONL vs VTN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IONL
+44.25%
VTN
-1.35%
3M
Winner
IONL
+129.71%
VTN
-0.50%
6M
IONL
-22.09%
Winner
VTN
-1.61%
1Y
IONL
-9.19%
Winner
VTN
+18.47%
5Y(CAGR)
IONL
N/A
VTN
+1.21%
10Y(CAGR)
IONL
N/A
VTN
+1.61%
Max(CAGR)
Winner
IONL
+53.67%
VTN
+4.95%
IONL vs VTN - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IONL | VTN |
|---|---|---|
| 2026 | +11.76% | -1.08% |
| 2025 | +38.57% | +16.23% |
| 2024 | N/A | +6.93% |
| 2023 | N/A | +6.97% |
| 2022 | N/A | -21.06% |
| 2021 | N/A | +6.91% |
| 2020 | N/A | +0.64% |
| 2019 | N/A | +17.36% |
| 2018 | N/A | -8.08% |
| 2017 | N/A | +8.10% |
| 2016 | N/A | -3.98% |
| 2015 | N/A | +13.27% |
| 2014 | N/A | +10.33% |
| 2013 | N/A | -17.12% |
| 2012 | N/A | +16.04% |
| 2011 | N/A | +20.82% |
| 2010 | N/A | +1.78% |
| 2009 | N/A | +62.82% |
| 2008 | N/A | -32.73% |
| 2007 | N/A | -6.62% |
| 2006 | N/A | +10.89% |
| 2005 | N/A | +5.58% |
| 2004 | N/A | -6.92% |
| 2003 | N/A | +10.96% |
| 2002 | N/A | +12.30% |
| 2001 | N/A | +6.54% |
| 2000 | N/A | +16.38% |
| 1999 | N/A | -8.13% |
IONL vs VTN 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 VTN was -49.29%, occurring on Dec 15, 2008. Recovery took 585 trading sessions.
The current IONL drawdown is -71.65%. The current VTN drawdown is -6.47%.
| Rank | IONL | VTN |
|---|---|---|
| #1 | -93.41% Oct 13, 2025 - Mar 30, 2026 | -49.29% May 11, 2007 - Sep 4, 2009 |
| #2 | -49.40% May 27, 2025 - Sep 12, 2025 | -33.61% Jul 29, 2021 - Oct 16, 2025 |
| #3 | -37.57% Mar 25, 2025 - Apr 24, 2025 | -29.17% Feb 19, 2020 - Apr 29, 2021 |
| #4 | -33.63% Sep 23, 2025 - Oct 6, 2025 | -22.31% Mar 24, 2004 - Dec 29, 2006 |
| #5 | -22.02% Oct 7, 2025 - Oct 13, 2025 | -21.67% Jan 10, 2013 - Nov 27, 2015 |
| #6 | -10.92% May 2, 2025 - May 8, 2025 | -19.89% Jul 27, 2016 - Jan 30, 2020 |
| #7 | -10.34% May 20, 2025 - May 22, 2025 | -17.68% Nov 5, 2010 - Sep 23, 2011 |
| #8 | -9.84% Apr 25, 2025 - May 2, 2025 | -11.39% Feb 13, 2026 - Mar 27, 2026 |
| #9 | -5.95% May 14, 2025 - May 16, 2025 | -10.21% Nov 1, 1999 - Jul 5, 2000 |
| #10 | -4.23% May 8, 2025 - May 12, 2025 | -10.02% Oct 2, 2002 - Jan 3, 2003 |
| #11 | -0.86% May 22, 2025 - May 27, 2025 | -8.50% Oct 6, 2009 - Jan 19, 2010 |
| #12 | -0.05% May 16, 2025 - May 20, 2025 | -8.28% Feb 13, 2012 - Jul 9, 2012 |
| #13 | N/A | -7.61% Jul 9, 2003 - Dec 4, 2003 |
| #14 | N/A | -7.20% Feb 8, 2002 - Jun 7, 2002 |
| #15 | N/A | -6.70% Sep 13, 2000 - Dec 29, 2000 |
Correlation
Correlation between IONL and VTN is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.09
-101
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