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GOGL vs IONL

Corgi GOOGL 2x Daily ETF

GOGLCCboe

GraniteShares 2x Long IONQ Daily ETF

IONLDNasdaq

Overlap

Expense ratio

GOGL −1.71pt a year

GOGL0.20%IONL1.91%

Avg volume · 30D

IONL 40.6×the volume

GOGL18.9KIONL768K

GOGL vs IONL Performance

Jul 31, 2026 – Oct 30, 2026

−41.9%GOGL−43.5%IONL

Jul 31, 2026 to Oct 30, 2026. GOGL −41.9%. IONL −43.5%. Use the arrow keys to read each point.−20%0%20%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
GOGL 0.20%, better
IONL 1.91%
Fund size
GOGL $4M
IONL $59M
1Y total return
GOGL No data
IONL −91.4%
Holdings
GOGL 1
IONL 2
Avg volume (30D)
GOGL 18.9K sh
IONL 768K sh, better
NAV per share
GOGL $15.14
IONL $7.41
52W range

ETF.net Grade

GOGL: Cost 99, Risk 66, Mission not scored, Tradability 45, Holdings not scored, Durability 37. IONL: Cost 0, Risk 33, Mission 87, Tradability 73, Holdings not scored, Durability 77.
Pillar letters and Scores for GOGL, IONL, with each pillar’s weight
PillarGOGLIONL
Cost30% weightA99HigherF0
Mission25% weightNot scoredA87
Risk15% weightB66HigherD33
Tradability15% weightC45A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD37A77Higher

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GOGL and IONL are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

GOGL ranks 123rd and IONL 275th of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 123CGMECCorgi GME 2x Daily ETFScore 40
  2. Rank 123CGOGLCorgi GOOGL 2x Daily ETFScore 40
  3. Rank 123CGOOLLeverage Shares 2X Long GOOGL Daily ETFScore 40
  4. Rank 275DBMNUT-Rex 2x Long BMNR Daily Target ETFScore 30
  5. Rank 275DIONLGraniteShares 2x Long IONQ Daily ETFScore 30
  6. Rank 275DLITUT-REX 2X Long LITE Daily Target ETFScore 30

Our read on each fund

ETF.net Research

GOGLCCorgi GOOGL 2x Daily ETF

IONLDGraniteShares 2x Long IONQ Daily ETF

In short

GOGL No data

IONL Quantum computing is volatile enough on its own. IONL straps a 2x daily multiplier onto IonQ stock through swaps, reset every session, at 1.50% net of a waiver through December 31, 2026.

Stated mandate

GOGL No data

IONL The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change of IonQ, Inc.'s common stock.

Why people hold it

GOGL No data

  • IONL Pure mechanics: 200% notional swap exposure to IonQ, collateralized by T-bills and cash, rebalanced daily to reset the 2x target.graniteshares.com
  • Only one other US ETF runs the same 2x daily IonQ mandate, so the shelf for this specific trade is short.graniteshares.com
  • Day-to-day tracking of the 2x target has been tight since the March 2025 launch, and the shares trade actively, which matters for same-session trips.

Worth knowing

GOGL No data

  • IONL Daily reset brings path dependency: hold longer than a day and results can diverge from 2x the stock's move, and IonQ's swings widen that gap.graniteshares.com
  • 1.50% (net of a waiver through December 31, 2026) sits above the category median, with a 3.63% gross ratio underneath. IONX runs the same mandate at 1.38%, no waiver.
  • GraniteShares rates it top-of-scale risk and states on its own fund page that it is not a buy-and-hold investment.graniteshares.com

Full GOGL profile⁠

Full IONL profile⁠

GOGL vs IONL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GOGL vs IONL Cost

Overpaying IONL vs GOGL

$27,623

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GOGL 0.20%

    $4,155

  • IONL 1.91%

    $31,778

$10,000
30 years

Cost over time

  • GOGL 0.20%
  • IONL 1.91%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530IONL $31,778GOGL $4,155

Year by year

YearGOGLIONLOverpaying
10$365$3,242$2,877
20$1,421$11,705$10,284
30$4,155$31,778$27,623

Expense ratio

  • 0.20%GOGL, cheaper
  • 1.91%IONL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

GOGL cheapest of 315 funds

IONL 312th cheapest of 315 funds

GOGL vs IONL Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
GOGL None
IONL None

Distribution history

GOGLAll GOGL payments⁠

No distribution history available.

IONLAll IONL payments⁠

No distribution history available.

GOGL vs IONL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GOGL No dataIONL 205.0%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
GOGL No dataIONL 0.48since Apr 2025
Worst fallMax drawdown, 5 years
GOGL No dataIONL −95.3%since Mar 2025
Market sensitivityBeta, 5 years
GOGL −3.37IONL 0.00

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