{"url":"https://etfiq.com/compare/leverage/ondg-vs-ondl","section":"compare","title":"ONDG vs ONDL: which held to its multiple? | ETFIQ","description":"ONDG sets out to return +2 times ONDS each day and ONDL +2 times. Over the three months to Sep 30, 2026 they finished \u221215.8 pts and \u221220.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ONDG or ONDL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ONDG finished 15.8 points from what its multiple implies and ONDL finished 20.2 points from its own, so ONDG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ONDG and ONDL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Ondas, ONDG at +2 times and ONDL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ONDG or ONDL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ONDG\u2019s moved at 78% annualized and ONDL\u2019s at 78%, so ONDG has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ONDG 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, ONDG or ONDL?","acceptedAnswer":{"@type":"Answer","text":"ONDG charges 0.75% a year and ONDL charges 1.32%, so ONDG 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":"ONDG vs ONDL","item":"https://etfiq.com/compare/leverage/ondg-vs-ondl"}]},{"@type":"WebPage","name":"ONDG vs ONDL: which held to its multiple?","description":"ONDG sets out to return +2 times ONDS each day and ONDL +2 times. Over the three months to Sep 30, 2026 they finished \u221215.8 pts and \u221220.2 pts away.","url":"https://etfiq.com/compare/leverage/ondg-vs-ondl","dateModified":"2026-09-30","abstract":"Over the days both have traded, ONDG finished 3.3 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 ONDG and ONDL","description":"ONDG sets out to return +2 times ONDS each day and ONDL +2 times. Over the three months to Sep 30, 2026 they finished \u221215.8 pts and \u221220.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ondg-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":6460,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ONDG vs ONDL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ONDG vs ONDL: which held to its multiple?\n\n Over the days both have traded, ONDG finished 3.3 points from its stated multiple and ONDL 5.5.\n Copy this for sharing \n \n Leverage Shares 2X Long ONDS Daily ETF and Defiance Daily Target 2X Long ONDS ETF.\n\n Download as PDF \n\n \u221230.7% ONDG returned, 3 months \n \u221235.1% ONDL returned, 3 months \n \u221215.8 pts ONDG from its stated multiple \n \u221220.2 pts ONDL from its stated multiple \n\n ETFIQ Decay Resistance Score: ONDG scores higher\n Did","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/ondg-vs-ondl","a":{"ticker":"ONDG","name":"Leverage Shares 2X Long ONDS Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ONDG returned \u221230.7% where its own daily promise gave \u221226.6%, 4.1 points short.","url":"https://etfiq.com/funds/ondg","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":"\u221230.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$24m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 9, 2026"}]},"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/ondg-vs-ondl"}