VTN vs IONL
Comparison between Invesco Trust For Investment Grade New York Municipals (VTN, ETF) and GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF).
VTN vs IONL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
VTN
$159M
IONL
$159M
Max Drawdown
Winner
VTN
60.53%
IONL
93.41%
Sharpe Ratio
Winner
VTN
1.25
IONL
0.91
5Y Beta
Winner
VTN
0.15
IONL
4.99
5Y Dividends CAGR
VTN
8.31%
IONL
N/A
VTN vs IONL - Historical Returns
Returns include dividend reinvestment.
1M
VTN
-1.35%
Winner
IONL
+44.25%
3M
VTN
-0.50%
Winner
IONL
+129.71%
6M
Winner
VTN
-1.61%
IONL
-22.09%
1Y
Winner
VTN
+18.47%
IONL
-9.19%
5Y(CAGR)
VTN
+1.21%
IONL
N/A
10Y(CAGR)
VTN
+1.61%
IONL
N/A
Max(CAGR)
VTN
+4.95%
Winner
IONL
+53.67%
VTN vs IONL - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VTN | IONL |
|---|---|---|
| 2026 | -1.08% | +11.76% |
| 2025 | +16.23% | +38.57% |
| 2024 | +6.93% | N/A |
| 2023 | +6.97% | N/A |
| 2022 | -21.06% | N/A |
| 2021 | +6.91% | N/A |
| 2020 | +0.64% | N/A |
| 2019 | +17.36% | N/A |
| 2018 | -8.08% | N/A |
| 2017 | +8.10% | N/A |
| 2016 | -3.98% | N/A |
| 2015 | +13.27% | N/A |
| 2014 | +10.33% | N/A |
| 2013 | -17.12% | N/A |
| 2012 | +16.04% | N/A |
| 2011 | +20.82% | N/A |
| 2010 | +1.78% | N/A |
| 2009 | +62.82% | N/A |
| 2008 | -32.73% | N/A |
| 2007 | -6.62% | N/A |
| 2006 | +10.89% | N/A |
| 2005 | +5.58% | N/A |
| 2004 | -6.92% | N/A |
| 2003 | +10.96% | N/A |
| 2002 | +12.30% | N/A |
| 2001 | +6.54% | N/A |
| 2000 | +16.38% | N/A |
| 1999 | -8.13% | N/A |
VTN vs IONL Drawdown Comparison
The maximum drawdown for VTN was -49.29%, occurring on Dec 15, 2008. Recovery took 585 trading sessions.
The maximum drawdown for IONL was -93.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current VTN drawdown is -6.47%. The current IONL drawdown is -71.65%.
| Rank | VTN | IONL |
|---|---|---|
| #1 | -49.29% May 11, 2007 - Sep 4, 2009 | -93.41% Oct 13, 2025 - Mar 30, 2026 |
| #2 | -33.61% Jul 29, 2021 - Oct 16, 2025 | -49.40% May 27, 2025 - Sep 12, 2025 |
| #3 | -29.17% Feb 19, 2020 - Apr 29, 2021 | -37.57% Mar 25, 2025 - Apr 24, 2025 |
| #4 | -22.31% Mar 24, 2004 - Dec 29, 2006 | -33.63% Sep 23, 2025 - Oct 6, 2025 |
| #5 | -21.67% Jan 10, 2013 - Nov 27, 2015 | -22.02% Oct 7, 2025 - Oct 13, 2025 |
| #6 | -19.89% Jul 27, 2016 - Jan 30, 2020 | -10.92% May 2, 2025 - May 8, 2025 |
| #7 | -17.68% Nov 5, 2010 - Sep 23, 2011 | -10.34% May 20, 2025 - May 22, 2025 |
| #8 | -11.39% Feb 13, 2026 - Mar 27, 2026 | -9.84% Apr 25, 2025 - May 2, 2025 |
| #9 | -10.21% Nov 1, 1999 - Jul 5, 2000 | -5.95% May 14, 2025 - May 16, 2025 |
| #10 | -10.02% Oct 2, 2002 - Jan 3, 2003 | -4.23% May 8, 2025 - May 12, 2025 |
| #11 | -8.50% Oct 6, 2009 - Jan 19, 2010 | -0.86% May 22, 2025 - May 27, 2025 |
| #12 | -8.28% Feb 13, 2012 - Jul 9, 2012 | -0.05% May 16, 2025 - May 20, 2025 |
| #13 | -7.61% Jul 9, 2003 - Dec 4, 2003 | N/A |
| #14 | -7.20% Feb 8, 2002 - Jun 7, 2002 | N/A |
| #15 | -6.70% Sep 13, 2000 - Dec 29, 2000 | N/A |
Correlation
Correlation between VTN and IONL 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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