IONX ETF — Defiance Daily Target 2X Long IONQ ETF

Defiance Daily Target 2X Long IONQ ETF (IONX)

IONX is an ETF linked to IonQ (IONQ). its trailing-12-month yield is 7.50%, its expense ratio is 1.38%. Dividend Vision Distribution Safety Score™ is 41/100 (Unproven). Total return is -43.3% over the past 1.5 years, 122.6 points behind IONQ at 79.3%.

This ETF is an actively managed fund that uses derivatives to attempt to achieve twice the daily percentage change of IonQ, a quantum computing company, making it a leveraged long bet on that single stock. The fund does not currently make distributions to shareholders, though it carries a modest expense ratio. It appeals to sophisticated traders seeking concentrated, amplified exposure to IonQ's share price movements on a daily basis, not to income investors or buy-and-hold portfolios.

IONX performance versus IONQ

Price and return data through 2026-09-18.

Total return is -43.3% over the past 1.5 years, 122.6 points behind IONQ at 79.3%. Over the past year its total return — price change plus distributions reinvested — is -89.3%. Its deepest 1-year drawdown was 94.0%.

IONX key facts

Distribution Safety Score™

41 · Unproven

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

03/11/2025

Expense ratio

1.38%

Distribution frequency

Annual

Trailing yield

7.50%

Last close

$22.11 (as of 2026-09-18)

NAV

$19.84

Premium / discount

11.44% premium

AUM

$147,611,368

Average volume

1569600.0

Next dividend

$0.5533

Next ex-dividend date

12/30/2026

Next payment date

12/31/2026

Beta

6.6997

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 (7.50%) 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. 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.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; 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.

IONX risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed IONQ over the available window. The deepest 1-year drawdown on record here is 94.0%.

Who may consider IONX — and who may not

It is a weaker fit for investors who need monthly cash flow (IONX pays annual); 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 securities from Defiance ETFs.