IONL ETF — GraniteShares 2x Long IONQ Daily ETF

GraniteShares 2x Long IONQ Daily ETF (IONL)

IONL is an ETF that tracks the IonQ (IONQ). As of August 28, 2026, its expense ratio is 1.50%. Fund total return is -47.0% over the past 1.4 years, 100.4 points behind IONQ at 53.4%.

GraniteShares 2x Long IONQ Daily ETF is a non-diversified, actively managed fund that seeks to deliver twice the daily percentage movement of IonQ stock through financial instruments including swaps, options, and direct stock purchases. The fund does not distribute income and carries an expense ratio of 1.50%. It appeals to traders and sophisticated investors seeking leveraged exposure to a single quantum computing company stock on a daily basis, though leveraged funds involve substantial risk including potential loss of principal.

IONL performance versus IONQ

Data as of August 28, 2026.

Fund total return is -47.0% over the past 1.4 years, 100.4 points behind IONQ at 53.4%. Its deepest 1-year drawdown was 93.5%.

IONL key facts

Data as of August 28, 2026.

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

03/24/2025

Expense ratio

1.50%

Distribution frequency

None

Last close

$12.60

AUM

$41,920,789

Average volume

660772.0

Beta

6.6549

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: GraniteShares; Index: IonQ (IONQ); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

IONL risks and drawbacks

Total return has trailed IONQ over the available window. The deepest 1-year drawdown on record here is 93.5%.

Who may consider IONL — and who may not

It is a weaker fit for investors who need monthly cash flow (IONL does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching IONQ total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from GraniteShares.