RVNL vs. IBTG
RVNL (GraniteShares 2x Long RIVN Daily ETF) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both exchange-traded funds - RVNL is a Leveraged Equities fund actively managed by GraniteShares, while IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index. RVNL is actively managed, while IBTG is passively managed. Over the past year, RVNL returned -16.81% vs 4.12% for IBTG. At a correlation of -0.05, they often move in opposite directions. RVNL charges 1.15%/yr vs 0.07%/yr for IBTG.
Performance
RVNL vs. IBTG - Performance Comparison
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Returns By Period
In the year-to-date period, RVNL achieves a -45.20% return, which is significantly lower than IBTG's 1.51% return.
RVNL
- 1D
- -19.35%
- 1M
- 21.38%
- YTD
- -45.20%
- 6M
- -37.35%
- 1Y
- -16.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTG
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.51%
- 6M
- 1.82%
- 1Y
- 4.12%
- 3Y*
- 4.12%
- 5Y*
- 0.86%
- 10Y*
- —
RVNL vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RVNL GraniteShares 2x Long RIVN Daily ETF | -45.20% | 117.81% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 1.51% | 2.89% |
Correlation
The correlation between RVNL and IBTG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025 | -0.05 |
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Return for Risk
RVNL vs. IBTG — Risk / Return Rank
RVNL
IBTG
RVNL vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RIVN Daily ETF (RVNL) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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.
| RVNL | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.17 | ||
| Sortino ratioReturn per unit of downside risk | -19.47 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 4.38 | -3.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 63.24 | -63.47 |
| Martin ratioReturn relative to average drawdown | -0.42 | 255.21 | -255.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RVNL | IBTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 8.04 | -8.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.29 | -0.15 |
Drawdowns
RVNL vs. IBTG - Drawdown Comparison
The maximum RVNL drawdown since its inception was -72.92%, which is greater than IBTG's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for RVNL and IBTG.
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Drawdown Indicators
| RVNL | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.92% | -13.62% | -59.30% |
Max Drawdown (1Y)Largest decline over 1 year | -72.92% | -0.07% | -72.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.31% | — |
Current DrawdownCurrent decline from peak | -57.98% | 0.00% | -57.98% |
Average DrawdownAverage peak-to-trough decline | -40.22% | -4.89% | -35.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.30% | 0.02% | +40.28% |
Volatility
RVNL vs. IBTG - Volatility Comparison
GraniteShares 2x Long RIVN Daily ETF (RVNL) has a higher volatility of 37.10% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 0.12%. This indicates that RVNL's price experiences larger fluctuations and is considered to be riskier than IBTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RVNL | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.10% | 0.12% | +36.98% |
Volatility (6M)Calculated over the trailing 6-month period | 93.68% | 0.31% | +93.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.61% | 0.51% | +127.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 125.00% | 3.27% | +121.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 125.00% | 3.45% | +121.55% |
RVNL vs. IBTG - Expense Ratio Comparison
RVNL has a 1.15% expense ratio, which is higher than IBTG's 0.07% expense ratio.
Dividends
RVNL vs. IBTG - Dividend Comparison
RVNL has not paid dividends to shareholders, while IBTG's dividend yield for the trailing twelve months is around 3.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.96% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
RVNL GraniteShares 2x Long RIVN Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RVNL and IBTG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNL has higher volatility (37.10%) compared to IBTG (0.12%). In terms of maximum drawdown, RVNL dropped -72.92% vs IBTG's -13.62%.
On 1-year performance, IBTG leads with 4.12% vs -16.81% for RVNL. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBTG has performed better with a 4.12% return vs -16.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 1.15% for RVNL.
IBTG has the higher dividend yield at 3.96%, compared with 0.00% for RVNL.
RVNL is categorized as Leveraged Equities, while IBTG is Government Bonds. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for RVNL and 0.07% for IBTG.
IBTG currently has the higher Sharpe Ratio (8.04 vs -0.13), 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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