Ranked by the underlying’s annualized volatility, three months, as of . Rebuilt every trading night.
The leveraged ETFs on the most violent underlyings
15 funds, ranked by the underlying’s annualized volatility, three months, from the figures ETFIQ published on Sep 11, 2026. The field is the whole of the ranking: no score, no weighting and no view on any fund.
| # | Ticker | Fund | Says | On | Underlying volatility | Difference |
|---|---|---|---|---|---|---|
| 1 | AXTU | T-REX 2X LONG AXTI DAILY TARGET ETF | +2x | AXTI | 165% | −12.0 pts |
| 2 | AXTX | Tradr 2X Long AXTI Daily ETF | +2x | AXTI | 165% | −11.7 pts |
| 3 | WYFL | Defiance Daily Target 2X Long WYFI ETF | +2x | WYFI | 147% | −23.6 pts |
| 4 | NBIG | Leverage Shares 2X Long NBIS Daily ETF | +2x | NBIS | 140% | −35.6 pts |
| 5 | NBIL | GraniteShares 2x Long NBIS Daily ETF | +2x | NBIS | 140% | −35.0 pts |
| 6 | NEBX | Tradr 2X Long NBIS Daily ETF | +2x | NBIS | 140% | −35.8 pts |
| 7 | NBIZ | Tradr 2X Short NBIS Daily ETF | -2x | NBIS | 140% | −87.9 pts |
| 8 | PUR | Defiance Daily Target 2X Long PURR ETF | +2x | PURR | 139% | +5.0 pts |
| 9 | SNDG | Leverage Shares 2X Long SNDK Daily ETF | +2x | SNDK | 134% | −22.9 pts |
| 10 | SNDU | T-REX 2X LONG SNDK DAILY TARGET ETF | +2x | SNDK | 134% | −23.9 pts |
| 11 | SNXX | Tradr 2X Long SNDK Daily ETF | +2x | SNDK | 134% | −22.2 pts |
| 12 | SNDQ | Tradr 2X Short SNDK Daily ETF | -2x | SNDK | 134% | −99.8 pts |
| 13 | AAOG | Leverage Shares 2X Long AAOI Daily ETF | +2x | AAOI | 131% | −1.0 pts |
| 14 | AAOX | Tradr 2X Long AAOI Daily ETF | +2x | AAOI | 131% | −0.9 pts |
| 15 | UMAL | Defiance Daily Target 2X Long UMAC ETF | +2x | UMAC | 130% | −8.7 pts |
Method
Volatility is what decides how far a levered fund drifts from its stated multiple: the same multiple on a calm underlying and a violent one is a different product. Measured from the underlying’s own daily moves. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources
Cite this page. ETFIQ, The leveraged ETFs on the most violent underlyings, ranked by the underlying’s annualized volatility, data as of Sep 11, 2026. https://etfiq.com/rankings/leverage-most-volatile-underlyings Free to use with attribution; the underlying files are at Open data.