{"url":"https://etfiq.com/compare/leverage/ondc-vs-ondl","section":"compare","title":"ONDC vs ONDL: which held to its multiple? | ETFIQ","description":"ONDC sets out to return +2 times ONDS each day and ONDL +2 times. Over the month to Sep 30, 2026 they finished \u22124.8 pts and \u22125.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ONDC or ONDL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ONDC finished 4.8 points from what its multiple implies and ONDL finished 20.2 points from its own, so ONDC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ONDC and ONDL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Ondas, ONDC at +2 times and ONDL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ONDC or ONDL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ONDC\u2019s moved at 51% annualized and ONDL\u2019s at 78%, so ONDL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ONDC or ONDL for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, ONDC or ONDL?","acceptedAnswer":{"@type":"Answer","text":"ONDC charges 0.45% a year and ONDL charges 1.32%, so ONDC is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"ONDC vs ONDL","item":"https://etfiq.com/compare/leverage/ondc-vs-ondl"}]},{"@type":"WebPage","name":"ONDC vs ONDL: which held to its multiple?","description":"ONDC sets out to return +2 times ONDS each day and ONDL +2 times. Over the month to Sep 30, 2026 they finished \u22124.8 pts and \u22125.5 pts away.","url":"https://etfiq.com/compare/leverage/ondc-vs-ondl","dateModified":"2026-09-30","abstract":"Over the days both have traded, ONDC finished 4.8 points from its stated multiple and ONDL 5.5.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ONDC and ONDL","description":"ONDC sets out to return +2 times ONDS each day and ONDL +2 times. Over the month to Sep 30, 2026 they finished \u22124.8 pts and \u22125.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ondc-vs-ondl","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6144,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ONDC vs ONDL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ONDC vs ONDL: which held to its multiple?\n\n Over the days both have traded, ONDC finished 4.8 points from its stated multiple and ONDL 5.5.\n Copy this for sharing \n \n Corgi ONDS 2x Daily ETF and Defiance Daily Target 2X Long ONDS ETF.\n\n Download as PDF \n\n \u221220.2% ONDC returned, since launch \n \u221235.1% ONDL returned, 3 months \n \u221219.7 pts ONDC from its stated multiple \n \u221220.2 pts ONDL from its stated multiple \n\n ONDC 4.8 pts short of its stated multiple \u00b7 1 month to Sep 30, 2","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/ondc-vs-ondl","a":{"ticker":"ONDC","name":"Corgi ONDS 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: ONDC returned \u221213.3% where its own daily promise gave \u221210.3%, 3.1 points short.","url":"https://etfiq.com/funds/ondc","key_facts":[{"label":"What ONDS did","value":"\u22124.3%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221210.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221213.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$262,230","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"issuer page"}]},"b":{"ticker":"ONDL","name":"Defiance Daily Target 2X Long ONDS ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ONDL returned \u221235.1% where its own daily promise gave \u221226.6%, 8.4 points short.","url":"https://etfiq.com/funds/ondl","key_facts":[{"label":"What ONDS did","value":"\u22127.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221226.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221235.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22128.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$30m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.32%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/ondc-vs-ondl"}