IONX ETF — Defiance Daily Target 2X Long IONQ ETF

Defiance Daily Target 2X Long IONQ ETF (IONX)

Updated November 6, 2026.

IONX is an ETF linked to IonQ (IONQ). Its trailing-12-month yield is 12.76%, its expense ratio is 1.38%. Dividend Vision Distribution Safety Score™ is 31/100 (Unproven). Total return is -76.9% over the past 1.7 years, 98.0 points behind IONQ at 21.1%.

Defiance Daily Target 2X Long IONQ ETF is an actively managed ETF that seeks to deliver twice the daily percentage change in IonQ's share price through the use of swap agreements and listed options contracts; it is non-diversified and carries leverage risk. The fund has a moderate current distribution rate and distributes annually, though its latest distribution was special and may not recur regularly, with an expense ratio of 1.38%. This fund is designed for investors seeking leveraged equity exposure to a single quantum computing company stock rather than broad diversification.

IONX performance versus IONQ

As of Nov 5, 2026

Total return is -76.9% over the past 1.7 years, 98.0 points behind IONQ at 21.1%. Over the past year its total return — price change plus distributions reinvested — is -92.5%. Its deepest 1-year drawdown was 93.4%.

IONX key facts

Distribution Safety Score™

31 · Unproven

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

03/11/2025

Expense ratio

1.38%

Distribution frequency

Annual

Trailing yield

12.76%

Last close

$13.01 (as of 2026-11-06)

AUM

$82,110,062

Average volume

1,907,058

Dividend

$1.659

Ex-dividend date

12/30/2025

Payment date

12/31/2025

Beta

6.6997

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (12.76%) 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: 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 93.4%.

Who may consider IONX — and who may not

It is a weaker fit for investors who need monthly cash flow (IONX pays annual); investors whose main goal is matching IONQ total return. This is educational context, not a recommendation to buy or sell.

More on IONX

• All tickers starting with I

Tagged: Leverage.

Frequently asked questions

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