TBF vs IONL
Comparison between PROSHARES SHORT 20+ YEAR TREASURY (TBF, ETF) and GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF).
TBF vs IONL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TBF
$87M
Winner
IONL
$87M
Expense Ratio
TBF
0.95%
IONL
N/A
Max Drawdown
Winner
TBF
71.19%
IONL
93.41%
Sharpe Ratio
TBF
-0.06
Winner
IONL
0.04
5Y Beta
Winner
TBF
-0.04
IONL
5.04
TBF vs IONL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TBF
+3.02%
IONL
-65.42%
3M
Winner
TBF
+3.79%
IONL
-55.00%
6M
Winner
TBF
+4.79%
IONL
-68.93%
1Y
Winner
TBF
+3.74%
IONL
-77.12%
5Y(CAGR)
TBF
+11.94%
IONL
N/A
10Y(CAGR)
TBF
+3.48%
IONL
N/A
Max(CAGR)
Winner
TBF
-2.96%
IONL
-42.19%
TBF vs IONL - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | TBF | IONL |
|---|---|---|
| 2026 | +4.66% | -67.73% |
| 2025 | +1.51% | +38.57% |
| 2024 | +15.60% | N/A |
| 2023 | +4.35% | N/A |
| 2022 | +38.48% | N/A |
| 2021 | +1.46% | N/A |
| 2020 | -18.48% | N/A |
| 2019 | -10.57% | N/A |
| 2018 | +2.13% | N/A |
| 2017 | -8.15% | N/A |
| 2016 | -2.77% | N/A |
| 2015 | -0.72% | N/A |
| 2014 | -23.32% | N/A |
| 2013 | +10.55% | N/A |
| 2012 | -7.14% | N/A |
| 2011 | -29.64% | N/A |
| 2010 | -12.48% | N/A |
| 2009 | +2.77% | N/A |
TBF vs IONL Drawdown Comparison
The maximum drawdown for TBF was -70.40%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The maximum drawdown for IONL was -93.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current TBF drawdown is -42.07%. The current IONL drawdown is -91.81%.
| Rank | TBF | IONL |
|---|---|---|
| #1 | -70.40% Jan 11, 2010 - Aug 4, 2020 | -93.41% Oct 13, 2025 - Mar 30, 2026 |
| #2 | -6.94% Aug 21, 2009 - Dec 22, 2009 | -49.40% May 27, 2025 - Sep 12, 2025 |
| #3 | -1.59% Dec 28, 2009 - Jan 11, 2010 | -37.57% Mar 25, 2025 - Apr 24, 2025 |
| #4 | N/A | -33.63% Sep 23, 2025 - Oct 6, 2025 |
| #5 | N/A | -22.02% Oct 7, 2025 - Oct 13, 2025 |
| #6 | N/A | -10.92% May 2, 2025 - May 8, 2025 |
| #7 | N/A | -10.34% May 20, 2025 - May 22, 2025 |
| #8 | N/A | -9.84% Apr 25, 2025 - May 2, 2025 |
| #9 | N/A | -5.95% May 14, 2025 - May 16, 2025 |
| #10 | N/A | -4.23% May 8, 2025 - May 12, 2025 |
| #11 | N/A | -0.86% May 22, 2025 - May 27, 2025 |
| #12 | N/A | -0.05% May 16, 2025 - May 20, 2025 |
Correlation
Correlation between TBF and IONL is -0.29 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.29
-101
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