NVDL vs. IONQ
NVDL (GraniteShares 2x Long NVDA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while IONQ (IonQ, Inc.) is a stock. Over the past 3 years, NVDL returned 98.91%/yr vs 75.90%/yr for IONQ. At a 0.30 correlation, their price movements are largely independent.
Performance
NVDL vs. IONQ - Performance Comparison
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Returns By Period
In the year-to-date period, NVDL achieves a 8.50% return, which is significantly lower than IONQ's 28.93% return.
NVDL
- 1D
- 0.37%
- 1M
- -26.01%
- YTD
- 8.50%
- 6M
- 21.95%
- 1Y
- 66.36%
- 3Y*
- 98.91%
- 5Y*
- —
- 10Y*
- —
IONQ
- 1D
- -0.24%
- 1M
- 0.66%
- YTD
- 28.93%
- 6M
- 14.90%
- 1Y
- 52.88%
- 3Y*
- 75.90%
- 5Y*
- 40.49%
- 10Y*
- —
NVDL vs. IONQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 8.50% | 32.57% | 344.58% | 432.18% | -28.71% |
IONQ IonQ, Inc. | 28.93% | 7.42% | 237.13% | 259.13% | -22.82% |
Correlation
The correlation between NVDL and IONQ is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.30 |
The correlation between NVDL and IONQ shifts across timeframes, from 0.20 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVDL vs. IONQ — Risk / Return Rank
NVDL
IONQ
NVDL vs. IONQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and IonQ, Inc. (IONQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDL | IONQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.73 | +0.68 |
| Martin ratioReturn relative to average drawdown | 3.16 | 1.33 | +1.83 |
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Drawdowns
NVDL vs. IONQ - Drawdown Comparison
The maximum NVDL drawdown since its inception was -67.55%, smaller than the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for NVDL and IONQ.
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Drawdown Indicators
| NVDL | IONQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -90.00% | +22.45% |
Max Drawdown (1Y)Largest decline over 1 year | -42.23% | -67.61% | +25.38% |
Max Drawdown (3Y)Largest decline over 3 years | -67.55% | -67.61% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.00% | — |
Current DrawdownCurrent decline from peak | -26.01% | -29.53% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -50.88% | +33.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 37.20% | -18.36% |
Volatility
NVDL vs. IONQ - Volatility Comparison
The current volatility for GraniteShares 2x Long NVDA Daily ETF (NVDL) is 26.46%, while IonQ, Inc. (IONQ) has a volatility of 31.60%. This indicates that NVDL experiences smaller price fluctuations and is considered to be less risky than IONQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDL | IONQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.46% | 31.60% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 53.16% | 68.80% | -15.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.74% | 93.28% | -23.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.44% | 100.48% | -10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.44% | 97.53% | -7.09% |
Dividends
NVDL vs. IONQ - Dividend Comparison
Neither NVDL nor IONQ has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IONQ IonQ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
Frequently Asked Questions
NVDL and IONQ have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IONQ has higher volatility (31.60%) compared to NVDL (26.46%). In terms of maximum drawdown, NVDL dropped -67.55% vs IONQ's -90.00%.
NVDL currently has the higher Sharpe Ratio (0.86 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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