Browse everything: Tickers A–Z · Issuers · Comparisons · Tags
IONL ETF — GraniteShares 2x Long IONQ Daily ETF
GraniteShares 2x Long IONQ Daily ETF (IONL)
Updated October 16, 2026.
IONL is an ETF linked to IonQ (IONQ). its expense ratio is 1.50%. Total return is -69.2% over the past 1.6 years, 91.6 points behind IONQ at 22.4%.
GraniteShares 2x Long IONQ Daily ETF is an actively managed ETF that seeks to deliver twice the daily percentage movement of IonQ stock through leveraged positions in swaps, options, and direct share purchases; the fund is non-diversified and designed for tactical trading rather than buy-and-hold investing. The fund does not currently distribute income and carries an expense ratio of 1.50%. This ETF appeals to traders and sophisticated investors seeking amplified exposure to quantum computing technology, though the daily reset mechanism means it is not suitable for longer-term holding periods.
IONL holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: IONQ (physical holdings below may be collateral and options, not the reference asset itself).
IONL performance versus IONQ
Price and return data through 2026-10-16.
Total return is -69.2% over the past 1.6 years, 91.6 points behind IONQ at 22.4%. Over the past year its total return — price change plus distributions reinvested — is -91.7%. Its deepest 1-year drawdown was 91.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -32.8% | — |
| 3M | -35.4% | — |
| 6M | -69.5% | — |
| YTD | -77.7% | — |
| 1Y | -91.7% | — |
| Since inception (1.6 years) | -69.2% | -53.00% |
IONL key facts
- Issuer
- GraniteShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 03/24/2025
- Expense ratio
- 1.50%
- Distribution frequency
- None
- Last close
- $7.33 (as of 2026-10-16)
- AUM
- $72,531,380
- Average volume
- 922618.0
- Beta
- 6.6549
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
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 91.7%.
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 whose main goal is matching IONQ total return. This is educational context, not a recommendation to buy or sell.
More on IONL
Frequently asked questions
Does IONL pay monthly?
No. IONL does not currently distribute.
What is IONL linked to?
IONL is linked to IonQ (IONQ), not a broad market index.
What is IONL's expense ratio?
IONL's expense ratio is 1.50%.
When does IONL pay a dividend?
IONL does not currently distribute.
How has IONL performed?
Total return is -69.2% over the past 1.6 years, 91.6 points behind IONQ at 22.4%. Over the past year its total return — price change plus distributions reinvested — is -91.7%. Its deepest 1-year drawdown was 91.7%.
More securities from GraniteShares.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
See how this investment would fit into your portfolio.