GraniteShares 2x Long IONQ Daily ETF (IONL) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IONL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IONL
IONL charges 1.50% annually. There are 406 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | IONL vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | IONL vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | IONL vs SPUU | |
| Leverage Shares 2x Long NEM Daily ETF | 0.75% | 1.12M | Nov 2025 | IONL vs NEMG | |
| Leverage Shares 2X Long CIFR Daily ETF | 0.75% | 5.12M | Dec 2025 | IONL vs CIFG |
Best Risk-Adjusted Alternatives to IONL
IONL has a PortfoliosLab risk / return rank of 7. There are 168 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | IONL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | IONL vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | IONL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | IONL vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 509.42M | Feb 2025 | IONL vs INTW |
Top Performing IONL Alternatives (YTD)
IONL is at -57.45% YTD. There are 318 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 738.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 738.32% | 162.40M | Feb 2025 | IONL vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 575.80% | 6.16B | Oct 2024 | IONL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 555.59% | 923.53M | Nov 2024 | IONL vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 395.01% | 101.49M | Nov 2025 | IONL vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 394.65% | 509.42M | Feb 2025 | IONL vs INTW |
Lowest Volatility Alternatives to IONL
IONL has 186.29% 1-year volatility. There are 384 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.77% | 22.82M | Apr 2021 | IONL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | IONL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.40% | 13.45M | Jul 2021 | IONL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.50% | 20.95M | Jul 2021 | IONL vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.55% | 69.49M | Apr 2021 | IONL vs XDSQ |
Lowest Drawdown Alternatives to IONL
IONL has a 1-year max drawdown of -93.41%. There are 243 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | IONL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | IONL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | IONL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | IONL vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | IONL vs XDSQ |
Other ETFs from GraniteShares
The 10 most viewed GraniteShares ETFs shown here include NVDL, TSYY, BAR and span 8 categories. AUM among these funds goes as high as $4B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long NVDA Daily ETF | Leveraged Equities, Technology Equities | 17 | 4.65% | 3.82B | Dec 2022 | IONL vs NVDL | |
| GraniteShares YieldBOOST TSLA ETF | Derivative Income, Options Trading, Actively Managed | 6 | -17.57% | 73.72M | Dec 2024 | IONL vs TSYY | |
| GraniteShares Gold Trust | Gold, Precious Metals | 22 | -7.30% | 1.37B | Aug 2017 | IONL vs BAR | |
| GraniteShares 2x Long PLTR Daily ETF | Leveraged Equities | 6 | -56.90% | 295.90M | Sep 2024 | IONL vs PTIR | |
| GraniteShares 2x Long AMD Daily ETF | Leveraged Equities | 95 | 338.65% | 1.30B | Mar 2024 | IONL vs AMDL | |
| GraniteShares Platinum Trust | Precious Metals | 15 | -22.06% | 169.16M | Jan 2018 | IONL vs PLTM | |
| GraniteShares 2x Short TSLA Daily ETF | Inverse Equities | 3 | -1.29% | 29.93M | Aug 2023 | IONL vs TSDD | |
| GraniteShares 2x Short NVDA Daily ETF | Inverse Equities | 3 | -30.35% | 53.76M | Aug 2023 | IONL vs NVD | |
| GraniteShares 2x Long META Daily ETF | Leveraged Equities | 6 | -14.12% | 229.45M | Dec 2022 | IONL vs FBL | |
| GraniteShares 2x Long TSLA Daily ETF | Leveraged Equities | 15 | -34.20% | 93.87M | Aug 2023 | IONL vs TSLR |
Often Compared With IONL
Investors most often compare IONL with APMU, VRTL, SOXL. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare IONL with Any Fund or Stock
Compare IONL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IONL with funds that move differently
GraniteShares 2x Long IONQ Daily ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IONL.
Explore IONL Diversifiers