Which came closer to its stated multiple, ONDC or ONDU?

Over the window to Sep 11, 2026, ONDC finished 3.0 points from what its multiple implies and ONDU finished 6.9 points from its own, so ONDC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are ONDC and ONDU levered on the same thing?

Yes. Both are levered on ONDS, ONDC at +2 times and ONDU at +2 times the daily move.

Which one decays faster, ONDC or ONDU?

Decay follows how much the underlying moves about. Over this window ONDC’s moved at 73% annualized and ONDU’s at 81%, so ONDU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold ONDC or ONDU for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

ETFIQetfiq.com · independent ETF data

Data as of Sep 11, 2026.

ONDC vs ONDU: which held to its multiple?

Over the days both have traded, ONDC finished 3.0 points from its stated multiple and ONDU 2.8.

Corgi ONDS 2x Daily ETF and Tradr 2X Long ONDS Daily ETF, side by side, leveraged ETFs on ETFIQ.

−20.6%ONDC returned, 3 months

−51.9%ONDU returned, 3 months

−17.3 ptsONDC from its stated multiple

−6.9 ptsONDU from its stated multiple

ONDC3 pts over its label · 1 month to Sep 11, 2026

ONDU6.9 pts short of its label · 3 months to Sep 11, 2026

Performance, window by window

ONDC and ONDU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
Window	Total return		Multiple would give		Difference
Window	ONDC	ONDU	ONDC	ONDU	ONDC	ONDU
1 month	−49.0%	−49.2%	−52.0%	−52.0%	+3.0 pts	+2.8 pts
3 months	not published	−51.9%	not published	−45.0%	not published	−6.9 pts
6 months	not published	−70.3%	not published	−57.7%	not published	−12.6 pts
Since launch	−20.6%	−87.8%	−3.3%	−95.9%	−17.3 pts	+8.1 pts

Open the live comparison on ETFIQ

ONDC and ONDU on the same fields, as of Sep 11, 2026. Source: ETFIQ.
	ONDC Corgi ONDS 2x Daily ETF Aims to return twice the daily move of ONDS	ONDU Tradr 2X Long ONDS Daily ETF Aims to return twice the daily move of ONDS
Issuer	Corgi	Tradr
Sets out to return	+2x	+2x
On	ONDS	ONDS
Segment	company	company
Fund returned, 3 months	−49.0%	−51.9%
Underlying returned, 3 months	−26.0%	−22.5%
What the stated multiple implies, 3 months	−52.0%	−45.0%
Difference from stated, 3 months	+3.0 pts	−6.9 pts
Fund returned, 1 year or since launch	−20.6%	−87.8%
Difference from stated, over that window	−17.3 pts	+8.1 pts
Underlying volatility	73%	81%
Difference over the days both have traded	+3.0 pts	+2.8 pts
Expense ratio	not published	1.49%
Launched	Jul 7, 2026	Jan 13, 2026

ONDC in plain words

One month to Sep 11, 2026: ONDC returned −49.0% where its own daily promise gave −48.0%, 1.0 points short. Read the multiple against the whole window instead and +2 times ONDS's −26.0% implies −52.0%, which makes ONDC look 3.0 points over. 4.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ONDC aims to return +2 times ONDS's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. ONDS moved at 73% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

ONDU in plain words

Three months to Sep 11, 2026: ONDU returned −51.9% where its own daily promise gave −49.3%, 2.6 points short. Read the multiple against the whole window instead and +2 times ONDS's −22.5% implies −45.0%, which makes ONDU look 6.9 points short. 4.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ONDU aims to return +2 times ONDS's move each day, then resets. ONDS moved at 81% annualized over that window.

Questions people ask

Which came closer to its stated multiple, ONDC or ONDU?: Over the window to Sep 11, 2026, ONDC finished 3.0 points from what its multiple implies and ONDU finished 6.9 points from its own, so ONDC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ONDC and ONDU levered on the same thing?: Yes. Both are levered on ONDS, ONDC at +2 times and ONDU at +2 times the daily move.
Which one decays faster, ONDC or ONDU?: Decay follows how much the underlying moves about. Over this window ONDC’s moved at 73% annualized and ONDU’s at 81%, so ONDU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ONDC or ONDU for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Other comparisons

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.

ONDC against ONDU, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, ONDC against ONDU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/ONDC-ONDU Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources