---
ticker: "IONX"
name: "Defiance Daily Target 2X Long IONQ ETF"
url: "https://etf.net/etf/IONX"
grade: "D"
score: 38
graded_at: "2026-10-12"
category: "Single-Stock Long Leveraged"
category_rank: "282 of 380"
methodology: "https://etf.net/methodology"
---

# IONX: Defiance Daily Target 2X Long IONQ ETF

Grade **D**, Score 38 of 100. Rank 282 of 380 in Single-Stock Long Leveraged.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 22 | 294 of 380 |
| Mission | 84 | 112 of 148 |
| Risk | 21 | 330 of 363 |
| Tradability | 74 | 67 of 380 |
| Holdings | Not scored | — |
| Durability | 79 | 22 of 380 |

## Top holdings

The fund holds 10 positions. These are the largest 10, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | United States Treasury Bill 11/19/2026 | 88.97% |
| 2 | — | Ionq, Inc.-Swap-Mscs-L | 34.13% |
| 3 | — | Ionq Inc Swap Nomura | 29.43% |
| 4 | — | Ionq Inc Swap Jnst-L | 27.96% |
| 5 | — | Ionq Inc Swap Nbc-L | 25.95% |
| 6 | — | Ionq Inc Swap Marex-L | 25.87% |
| 7 | — | Ionq Inc Swap Cantor | 23.44% |
| 8 | — | Ionq Inc Swap L-Cs | 23.19% |
| 9 | — | Ionq Inc Swap Bmo | 10.19% |
| 10 | — | First American Government Obligations Fund 12/01/2031 | 2.29% |

Source: etf.net, https://etf.net/etf/IONX. Please cite the page URL.