# The leveraged ETFs on the most violent underlyings

> MRNX leads the leveraged ETFs on the most violent underlyings at 361% (underlying volatility, three months), as of Oct 27, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

As of Oct 27, 2026 . Rebuilt every trading night.

## The leveraged ETFs on the most violent underlyings

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

| # | 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 |

### 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. 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.

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### Sources

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A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: 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
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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