The leveraged ETFs on the most violent underlyings

See 15 funds ranked by the underlying’s annualized volatility, three months. Updated Oct 27, 2026.

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Underlying volatility, one bar per fund

firstlast

361%

first, MRNX

117%

last, AAOZ

funds in the list

All 15, highest first

15 of 15 · click a column to sort

Points (pts) are percentage points.

The leveraged ETFs on the most violent underlyings
#	Ticker	Fund	Says	Underlying asset	Underlying volatility ↓	Difference
1	MRNX	Defiance Daily Target 2X Long MRNA ETF	+2x	MRNA	361%	−74.0 pts
2	AXTC	Corgi AXTI 2x Daily ETF	+2x	AXTI	147%	−64.5 pts
3	AXTL	Leverage Shares 2X Long AXTI Daily ETF	+2x	AXTI	147%	−67.7 pts
4	AXTU	T-REX 2X LONG AXTI DAILY TARGET ETF	+2x	AXTI	147%	−67.6 pts
5	AXTX	Tradr 2X Long AXTI Daily ETF	+2x	AXTI	147%	−67.7 pts
6	CRMX	Tradr 2X Long CRML Daily ETF	+2x	CRML	137%	−51.1 pts
7	NBIC	Corgi NBIS 2x Daily ETF	+2x	NBIS	122%	−31.2 pts
8	NBIG	Leverage Shares 2X Long NBIS Daily ETF	+2x	NBIS	122%	−30.3 pts
9	NBIL	GraniteShares 2x Long NBIS Daily ETF	+2x	NBIS	122%	−30.0 pts
10	NEBX	Tradr 2X Long NBIS Daily ETF	+2x	NBIS	122%	−30.8 pts
11	NBIZ	Tradr 2X Short NBIS Daily ETF	−2x	NBIS	122%	−74.9 pts
12	AEHG	Leverage Shares 2X Long AEHR Daily ETF	+2x	AEHR	118%	−27.4 pts
13	AAOG	Leverage Shares 2X Long AAOI Daily ETF	+2x	AAOI	117%	−24.4 pts
14	AAOX	Tradr 2X Long AAOI Daily ETF	+2x	AAOI	117%	−23.8 pts
15	AAOZ	Tradr 2X Short AAOI Daily ETF	−2x	AAOI	117%	−81.5 pts

As of Oct 27, 2026. Source: ETFIQ.CSV Method

Method

Volatility is what decides how far a levered fund drifts from its multiple of the underlying’s move: the same multiple on a calm underlying and a violent one is a different product.

The rest of the method

Measured from the underlying’s own daily moves. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.

How these numbers are computed →Standards and sources →

Where to next

Sources and dates

The multiple each fund states in its own registered name, from the SEC investment company series and class filesec.gov ↗

SEC EDGAR, full-text search of fund filingsefts.sec.gov ↗

SEC Form N-PORT, what a fund filed it holdssec.gov ↗

Rule 19a-1, what a distribution notice must sayecfr.gov ↗

Links are sources, not endorsements. A ranking is not a recommendation or an opinion.

Cite this pageCitation, APA and Markdown

ETFIQ, The leveraged ETFs on the most violent underlyings, ranked by the underlying’s annualized volatility, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-most-volatile-underlyings

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.