# IONC (Corgi IONQ 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: IONC returned −39.1% where its own daily promise gave −36.9%, 2.2 points short.

## Key facts

- IONC, what IONQ did: −14.7%, as of Sep 30, 2026.
- IONC, what 2 times a day gives: −36.9%, as of Sep 30, 2026.
- IONC, what the fund returned: −39.1%, as of Sep 30, 2026.
- IONC, the fund itself cost: −2.2 pts, as of Sep 30, 2026.
- IONC, net assets: $348,593 (the issuer’s own daily fund list, as of Sep 30, 2026).
- IONC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## IONC over each window to Sep 30, 2026

| Window | Fund | IONQ | +2x the move | Difference | IONQ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +20.0% | +11.6% | +23.1% | −3.2 pts | 55% |
| 3 months | −39.1% | −14.7% | −29.3% | −9.8 pts | 76% |
| Since launch | −43.5% | −17.6% | −35.3% | −8.2 pts | 76% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of IONQ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.67 times, against +2 stated | ETFIQ |
| Underlying | IONQ | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $348,593 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 30, 2026 | ETFIQ |
| Underlying volatility over the window | 76% annualized | ETFIQ |

## Questions

### Did IONC return +2 times IONQ?

Over the window to Sep 30, 2026, IONQ moved −14.7% and IONC returned −39.1%. 2 times that move is −29.3%, so the fund came out 9.8 points short of it.

### Why does IONC not return +2 times over a year?

Because it resets daily. IONC aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x IONQ ETF tracked its stated multiple most closely?

3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, IONC, data as of Sep 30, 2026. https://etfiq.com/funds/ionc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/ionc  ·  JSON: https://etfiq.com/funds/ionc.json