{"url":"https://etfiq.com/compare/leverage/ong-vs-onx","section":"compare","title":"ONG vs ONX: which held to its multiple? | ETFIQ","description":"ONG sets out to return +2 times ON each day and ONX +2 times. Over the three months to Oct 9, 2026 they finished \u22123.2 pts and \u22122.4 pts away.","as_of":"Oct 9, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ONG or ONX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 9, 2026, ONG finished 3.2 points from what its multiple implies and ONX finished 2.4 points from its own, so ONX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ONG and ONX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ON Semiconductor, ONG at +2 times and ONX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ONG or ONX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ONG\u2019s moved at 54% annualized and ONX\u2019s at 54%, so ONG has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ONG or ONX 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, ONG or ONX?","acceptedAnswer":{"@type":"Answer","text":"ONG charges 0.75% a year and ONX charges 1.30%, so ONG 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":"Head to head","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"ONG vs ONX","item":"https://etfiq.com/compare/leverage/ong-vs-onx"}]},{"@type":"WebPage","name":"ONG vs ONX: which held to its multiple?","description":"ONG sets out to return +2 times ON each day and ONX +2 times. Over the three months to Oct 9, 2026 they finished \u22123.2 pts and \u22122.4 pts away.","url":"https://etfiq.com/compare/leverage/ong-vs-onx","dateModified":"2026-10-09","abstract":"Over the days both have traded, ONG finished 3.2 points from its stated multiple and ONX 2.4.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ONG and ONX","description":"ONG sets out to return +2 times ON each day and ONX +2 times. Over the three months to Oct 9, 2026 they finished \u22123.2 pts and \u22122.4 pts away.","dateModified":"2026-10-09","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ong-vs-onx","license":"https://etfiq.com/license/","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":7066,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ONG vs ONX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 9, 2026 .\n\n ONG vs ONX: which held to its multiple?\n\n Over the days both have traded, ONG finished 3.2 points from its stated multiple and ONX 2.4.\n Copy this for sharing \n \n ONG costs 0.55 points a year less; ONX is 1.3 times larger.\n ONG and ONX at a glance. As of Oct 9, 2026. Source: ETFIQ. ONG ONX \n Expense ratio 0.75% 1.30% \n Net assets, ONG as of Oct 8, 2026 and ONX as of Oct 9, 2026 $1m $2m \n What it tracks ON ON \n Holdings in common not published \n \n Leverage Shares 2X Long ON ","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/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, ONG against ONX, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/ong-vs-onx","a":{"ticker":"ONG","name":"Leverage Shares 2X Long ON Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-09","verdict":"Three months to Oct 9, 2026: ONG returned \u221241.6% where its own daily promise gave \u221239.6%, 2.0 points short.","url":"https://etfiq.com/funds/ong","key_facts":[{"label":"What ON did","value":"\u221219.2%","as_of":"2026-10-09","source":null},{"label":"What 2 times a day gives","value":"\u221239.6%","as_of":"2026-10-09","source":null},{"label":"What the fund returned","value":"\u221241.6%","as_of":"2026-10-09","source":null},{"label":"The fund itself cost","value":"\u22122.0 pts","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$1m","as_of":"2026-10-09","source":"issuer page, as of Oct 8, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-10-09","source":"485BPOS XBRL, May 6, 2026"}]},"b":{"ticker":"ONX","name":"Tradr 2X Long ON Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-10-09","verdict":"Three months to Oct 9, 2026: ONX returned \u221240.9% where its own daily promise gave \u221239.6%, 1.2 points short.","url":"https://etfiq.com/funds/onx","key_facts":[{"label":"What ON did","value":"\u221219.2%","as_of":"2026-10-09","source":null},{"label":"What 2 times a day gives","value":"\u221239.6%","as_of":"2026-10-09","source":null},{"label":"What the fund returned","value":"\u221240.9%","as_of":"2026-10-09","source":null},{"label":"The fund itself cost","value":"\u22121.3 pts","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$2m","as_of":"2026-10-09","source":"the issuer\u2019s own daily fund list, as of Oct 9, 2026"},{"label":"Expense ratio","value":"1.30%","as_of":"2026-10-09","source":"485BPOS XBRL, Oct 21, 2025"}]},"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/ong-vs-onx"}