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

Over the window to Sep 30, 2026, ONDC finished 4.8 points from what its multiple implies and ONDU finished 15.3 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 Ondas, 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 51% annualized and ONDU’s at 78%, 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.

Which is cheaper, ONDC or ONDU?

ONDC charges 0.45% a year and ONDU charges 1.49%, so ONDC is cheaper. Fees come from each fund's prospectus.

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ONDC vs ONDU: which held to its multiple?

Over the days both have traded, ONDC finished 4.8 points from its stated multiple and ONDU 2.7. Corgi ONDS 2x Daily ETF and Tradr 2X Long ONDS Daily ETF.

−20.2%

ONDC returned, since launch

−30.2%

ONDU returned, 3 months

−19.7 pts

ONDC from its stated multiple

−15.3 pts

ONDU from its stated multiple

ONDC · 1 month to Sep 30, 20264.8 pts short of its stated multiple

ONDC returned −13.3% while 2 times ONDS's move would have been −8.5%

ONDU · 3 months to Sep 30, 202615.3 pts short of its stated multiple

ONDU returned −30.2% while 2 times ONDS's move would have been −14.9%

Performance, window by window

	Total return		Multiple would give		Difference
Window	ONDC	ONDU	ONDC	ONDU	ONDC	ONDU
1 month	−13.3%	−11.2%	−8.5%	−8.5%	−4.8 pts	−2.7 pts
3 months	not published	−30.2%	not published	−14.9%	not published	−15.3 pts
6 months	not published	−57.3%	not published	−33.6%	not published	−23.7 pts
Since launch ONDC Jul 2026 · ONDU Jan 2026	−20.2%	−87.6%	−0.5%	−94.5%	−19.7 pts	+6.8 pts

ONDC and ONDU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ONDC

Corgi ONDS 2x Daily ETF · Aims to return twice the daily move of Ondas (ONDS)

ONDU

Tradr 2X Long ONDS Daily ETF · Aims to return twice the daily move of Ondas (ONDS)

Issuer Corgi Tradr

Sets out to return +2x +2x

Underlying asset ONDS ONDS

Segment company company

Fund returned, 3 months or since launch −13.3% −30.2%

Underlying returned, over that window −4.3% −7.5%

What the stated multiple implies, over that window −8.5% −14.9%

Difference from stated, over that window −4.8 pts −15.3 pts

Fund returned, 1 year or since launch −20.2% −87.6%

Difference from stated, over that window −19.7 pts +6.8 pts

Underlying volatility 51% 78%

Difference over the days both have traded −4.8 pts −2.7 pts

Expense ratio 0.45% 1.49%

Launched Jul 7, 2026 Jan 13, 2026

Net assets $262,230 $4m

ONDC and ONDU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ONDC in plain words

One month to Sep 30, 2026: ONDC returned −13.3% where its own daily promise gave −10.3%, 3.1 points short. Read the multiple against the whole window instead and 2 times ONDS's −4.3% implies −8.5%, which makes ONDC look 4.8 points short. 1.8 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 51% 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 30, 2026: ONDU returned −30.2% where its own daily promise gave −26.6%, 3.5 points short. Read the multiple against the whole window instead and 2 times ONDS's −7.5% implies −14.9%, which makes ONDU look 15.3 points short. 11.7 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 78% annualized over that window.

Questions people ask

Which came closer to its stated multiple, ONDC or ONDU?: Over the window to Sep 30, 2026, ONDC finished 4.8 points from what its multiple implies and ONDU finished 15.3 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 Ondas, 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 51% annualized and ONDU’s at 78%, 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.
Which is cheaper, ONDC or ONDU?: ONDC charges 0.45% a year and ONDU charges 1.49%, so ONDC is cheaper. Fees come from each fund's prospectus.

Other comparisons

ONDC vs ONDG ONDC vs ONDL ONDU vs ONDG ONDU vs ONDL

ONDC on its own →ONDU on its own →How every figure is computed →Standards and sources →

Where these figures came from

ONDC filings on SEC EDGAR ↗Corgi website ↗ONDU filings on SEC EDGAR ↗ONDU prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ONDC against ONDU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ondc-vs-ondu

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.