SMAY vs IONL
Comparison between FT VEST U.S. SMALL CAP MODERATE BUFFER ETF - MAY (SMAY, ETF) and GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF).
SMAY vs IONL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SMAY
$88M
IONL
$88M
Expense Ratio
SMAY
0.90%
IONL
N/A
Max Drawdown
Winner
SMAY
14.44%
IONL
93.41%
Sharpe Ratio
Winner
SMAY
1.63
IONL
0.72
5Y Beta
Winner
SMAY
0.49
IONL
4.99
SMAY vs IONL - Historical Returns
Returns include dividend reinvestment.
1M
SMAY
+1.02%
Winner
IONL
+22.72%
3M
SMAY
+3.89%
Winner
IONL
+88.72%
6M
Winner
SMAY
+6.31%
IONL
-31.77%
1Y
Winner
SMAY
+17.21%
IONL
-10.80%
Max(CAGR)
SMAY
+10.57%
Winner
IONL
+31.34%
SMAY vs IONL - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | SMAY | IONL |
|---|---|---|
| 2026 | +5.39% | -7.70% |
| 2025 | +4.70% | +38.57% |
| 2024 | +12.91% | N/A |
| 2023 | +8.94% | N/A |
SMAY vs IONL Drawdown Comparison
The maximum drawdown for SMAY was -14.44%, occurring on Apr 8, 2025. Recovery took 252 trading sessions.
The maximum drawdown for IONL was -93.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current SMAY drawdown is -1.69%. The current IONL drawdown is -76.59%.
| Rank | SMAY | IONL |
|---|---|---|
| #1 | -14.44% Nov 29, 2024 - Dec 3, 2025 | -93.41% Oct 13, 2025 - Mar 30, 2026 |
| #2 | -8.99% Aug 1, 2023 - Dec 13, 2023 | -49.40% May 27, 2025 - Sep 12, 2025 |
| #3 | -5.13% Jul 16, 2024 - Sep 19, 2024 | -37.57% Mar 25, 2025 - Apr 24, 2025 |
| #4 | -4.83% Mar 28, 2024 - May 7, 2024 | -33.63% Sep 23, 2025 - Oct 6, 2025 |
| #5 | -3.36% Dec 27, 2023 - Feb 12, 2024 | -22.02% Oct 7, 2025 - Oct 13, 2025 |
| #6 | -2.58% Feb 26, 2026 - Apr 8, 2026 | -10.92% May 2, 2025 - May 8, 2025 |
| #7 | -2.40% Nov 11, 2024 - Nov 25, 2024 | -10.34% May 20, 2025 - May 22, 2025 |
| #8 | -2.26% Feb 12, 2024 - Feb 15, 2024 | -9.84% Apr 25, 2025 - May 2, 2025 |
| #9 | -2.21% May 17, 2024 - Jul 11, 2024 | -5.95% May 14, 2025 - May 16, 2025 |
| #10 | -1.73% Oct 16, 2024 - Nov 6, 2024 | -4.23% May 8, 2025 - May 12, 2025 |
| #11 | -1.69% Jun 4, 2026 - Jun 5, 2026 | -0.86% May 22, 2025 - May 27, 2025 |
| #12 | -1.52% Jun 13, 2023 - Jun 30, 2023 | -0.05% May 16, 2025 - May 20, 2025 |
| #13 | -1.51% Feb 15, 2024 - Feb 27, 2024 | N/A |
| #14 | -1.43% Sep 19, 2024 - Oct 14, 2024 | N/A |
| #15 | -1.39% May 22, 2023 - Jun 2, 2023 | N/A |
Correlation
Correlation between SMAY and IONL is -0.04 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.04
-101
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