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 -18.13% vs 3.80% for IBTG. Their -0.03 correlation means they have often moved in opposite directions in the past. 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 -59.36% return, which is significantly lower than IBTG's 2.02% return.
RVNL
- 1D
- -19.28%
- 1M
- -39.48%
- 6M
- -25.62%
- YTD
- -59.36%
- 1Y
- -18.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.97%
IBTG
- 1D
- 0.00%
- 1M
- 0.28%
- 6M
- 1.75%
- YTD
- 2.02%
- 1Y
- 3.80%
- 3Y*
- 4.49%
- 5Y*
- 0.77%
- 10Y*
- —
- ALL TIME*
- 1.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.21M | $9.03M | $9.64M | |
| $2.76M | $4.10M | $2.75M |
RVNL vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RVNL GraniteShares 2x Long RIVN Daily ETF | -59.36% | 109.17% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 2.02% | 2.80% |
Correlation
The correlation between RVNL and IBTG is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2025 | -0.03 |
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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.
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.
| RVNL | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.30 | ||
| Sortino ratioReturn per unit of downside risk | -20.37 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 4.52 | -3.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 61.65 | -61.99 |
| Martin ratioReturn relative to average drawdown | -0.55 | 275.13 | -275.67 |
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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 | — | -1.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.31% | — |
Current DrawdownCurrent decline from peak | -68.83% | 0.00% | -68.83% |
Average DrawdownAverage peak-to-trough decline | -42.42% | -4.77% | -37.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.41% | 0.01% | +45.40% |
Volatility
RVNL vs. IBTG - Volatility Comparison
GraniteShares 2x Long RIVN Daily ETF (RVNL) has a higher volatility of 62.71% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 0.11%. 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 | 62.71% | 0.11% | +62.60% |
Volatility (6M)Calculated over the trailing 6-month period | 107.27% | 0.29% | +106.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 141.47% | 0.50% | +140.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.75% | 3.23% | +128.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.75% | 3.41% | +128.34% |
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 3.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.57% | 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 -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNL has higher volatility (62.71%) compared to IBTG (0.11%). In terms of maximum drawdown, RVNL dropped -72.92% vs IBTG's -13.62%.
On 1-year performance, IBTG leads with 3.80% vs -18.13% for RVNL. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.11%. 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 3.80% return vs -18.13%. 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 3.57%, 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 (8.13 vs -0.17), 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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