IONL vs YLDE
Comparison between GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF) and FRANKLIN CLEARBRIDGE ENHANCED INCOME ETF (YLDE, ETF).
IONL vs YLDE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IONL
$159M
YLDE
$158M
Expense Ratio
IONL
N/A
YLDE
0.48%
Max Drawdown
IONL
93.41%
Winner
YLDE
33.23%
Sharpe Ratio
IONL
0.91
Winner
YLDE
1.07
5Y Beta
IONL
4.99
Winner
YLDE
0.59
P/E Ratio
IONL
N/A
YLDE
22.69
Forward P/E
IONL
N/A
YLDE
18.45
PEG Ratio
IONL
N/A
YLDE
0.63
5Y Dividends CAGR
IONL
N/A
YLDE
55.32%
5Y EPS CAGR
IONL
N/A
YLDE
13.73%
P/S Ratio
IONL
N/A
YLDE
2.53
P/B Ratio
IONL
N/A
YLDE
3.99
IONL vs YLDE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IONL
+44.25%
YLDE
+0.03%
3M
Winner
IONL
+129.71%
YLDE
+0.23%
6M
IONL
-22.09%
Winner
YLDE
+5.51%
1Y
IONL
-9.19%
Winner
YLDE
+13.84%
5Y(CAGR)
IONL
N/A
YLDE
+9.64%
10Y(CAGR)
IONL
N/A
YLDE
+11.65%
Max(CAGR)
Winner
IONL
+53.67%
YLDE
+11.65%
IONL vs YLDE - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | IONL | YLDE |
|---|---|---|
| 2026 | +11.76% | +3.63% |
| 2025 | +38.57% | +13.21% |
| 2024 | N/A | +16.41% |
| 2023 | N/A | +15.89% |
| 2022 | N/A | -8.65% |
| 2021 | N/A | +24.16% |
| 2020 | N/A | +10.31% |
| 2019 | N/A | +30.36% |
| 2018 | N/A | -5.96% |
| 2017 | N/A | +11.34% |
IONL vs YLDE 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 YLDE was -33.23%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current IONL drawdown is -71.65%. The current YLDE drawdown is -2.72%.
| Rank | IONL | YLDE |
|---|---|---|
| #1 | -93.41% Oct 13, 2025 - Mar 30, 2026 | -33.23% Feb 12, 2020 - Sep 2, 2020 |
| #2 | -49.40% May 27, 2025 - Sep 12, 2025 | -20.21% Jan 4, 2022 - Jul 13, 2023 |
| #3 | -37.57% Mar 25, 2025 - Apr 24, 2025 | -13.64% Sep 25, 2018 - Apr 1, 2019 |
| #4 | -33.63% Sep 23, 2025 - Oct 6, 2025 | -11.42% Nov 29, 2024 - Jun 30, 2025 |
| #5 | -22.02% Oct 7, 2025 - Oct 13, 2025 | -9.28% Jan 25, 2018 - Aug 28, 2018 |
| #6 | -10.92% May 2, 2025 - May 8, 2025 | -8.93% Jul 25, 2023 - Dec 1, 2023 |
| #7 | -10.34% May 20, 2025 - May 22, 2025 | -7.59% Feb 11, 2026 - Mar 27, 2026 |
| #8 | -9.84% Apr 25, 2025 - May 2, 2025 | -6.62% Sep 2, 2020 - Nov 9, 2020 |
| #9 | -5.95% May 14, 2025 - May 16, 2025 | -5.60% Mar 28, 2024 - May 15, 2024 |
| #10 | -4.23% May 8, 2025 - May 12, 2025 | -5.21% Jul 17, 2024 - Aug 23, 2024 |
| #11 | -0.86% May 22, 2025 - May 27, 2025 | -5.01% Jul 31, 2019 - Nov 1, 2019 |
| #12 | -0.05% May 16, 2025 - May 20, 2025 | -4.57% Aug 30, 2021 - Oct 20, 2021 |
| #13 | N/A | -4.21% May 1, 2019 - Jun 14, 2019 |
| #14 | N/A | -3.94% Jan 8, 2021 - Feb 24, 2021 |
| #15 | N/A | -3.88% Nov 8, 2021 - Dec 10, 2021 |
Correlation
Correlation between IONL and YLDE is -0.10 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.10
-101
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