IONL vs. LINT

Last updated Jun 4, 2026

IONL (GraniteShares 2x Long IONQ Daily ETF) and LINT (Direxion Daily INTC Bull 2X Shares) are both Leveraged Equities funds. IONL is passively managed, while LINT is actively managed. At a 0.23 correlation, their price movements are largely independent. IONL charges 1.50%/yr vs 0.97%/yr for LINT.

Performance

IONL vs. LINT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long IONQ Daily ETF (IONL) and Direxion Daily INTC Bull 2X Shares (LINT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IONL achieves a 48.62% return, which is significantly lower than LINT's 562.84% return.

IONL

• 1D: -8.47%
• 1M: 99.80%
• YTD: 48.62%
• 6M: 17.16%
• 1Y: 11.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LINT

• 1D: 9.00%
• 1M: 30.35%
• YTD: 562.84%
• 6M: 362.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IONL vs. LINT - Yearly Performance Comparison

	2026 (YTD)	2025
IONL GraniteShares 2x Long IONQ Daily ETF	48.62%	-22.98%
LINT Direxion Daily INTC Bull 2X Shares	562.84%	5.79%

Correlation

The correlation between IONL and LINT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.23

IONL vs. LINT - Sectors Allocation Comparison

Sectors	IONL	LINT
Technology	66.7%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IONL vs. LINT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IONL

IONL Risk / Return Rank: 17
IONL Sharpe Ratio Rank: 10
IONL Sortino Ratio Rank: 29
IONL Omega Ratio Rank: 26
IONL Calmar Ratio Rank: 10
IONL Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IONL vs. LINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long IONQ Daily ETF (IONL) and Direxion Daily INTC Bull 2X Shares (LINT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IONL	LINT	Difference
Sharpe ratio: Return per unit of total volatility	0.06	—	—
Sortino ratio: Return per unit of downside risk	1.52	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.12	—	—
Martin ratio: Return relative to average drawdown	0.18	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IONL	LINT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	24.05	-23.62

Drawdowns

IONL vs. LINT - Drawdown Comparison

The maximum IONL drawdown since its inception was -93.41%, which is greater than LINT's maximum drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for IONL and LINT.

Drawdown Indicators

	IONL	LINT	Difference
Max Drawdown Largest peak-to-trough decline	-93.41%	-49.54%	-43.87%
Max Drawdown (1Y) Largest decline over 1 year	-93.41%	—	—
Current Drawdown Current decline from peak	-65.21%	-26.55%	-38.66%
Average Drawdown Average peak-to-trough decline	-50.11%	-20.51%	-29.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.00%	—	—

Volatility

Volatility by Period

	IONL	LINT	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	130.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	181.66%	163.04%	+18.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	195.45%	163.04%	+32.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.45%	163.04%	+32.41%

IONL vs. LINT - Expense Ratio Comparison

IONL has a 1.50% expense ratio, which is higher than LINT's 0.97% expense ratio.

Dividends

IONL vs. LINT - Dividend Comparison

IONL has not paid dividends to shareholders, while LINT's dividend yield for the trailing twelve months is around 0.13%.

Position	TTM	2025
IONL GraniteShares 2x Long IONQ Daily ETF	0.00%	0.00%
LINT Direxion Daily INTC Bull 2X Shares	0.13%	0.25%

Frequently Asked Questions

Can I hold both IONL and LINT in my portfolio?

IONL and LINT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IONL or LINT?

On fees, LINT is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IONL or LINT?

LINT is cheaper with a 0.97% expense ratio, compared with 1.50% for IONL.

Which ETF pays a higher dividend yield, IONL or LINT?

LINT has the higher dividend yield at 0.13%, compared with 0.00% for IONL.

What is the main difference between IONL and LINT?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for IONL and 0.97% for LINT.