{
 "ticker": "ONDC",
 "name": "Corgi ONDS 2x Daily ETF",
 "issuer": "Corgi",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/ONDC",
 "html": "https://etfiq.com/funds/ONDC",
 "markdown": "https://etfiq.com/funds/ONDC.md",
 "as_of": "2026-09-11",
 "verdict": "One month to Sep 11, 2026: ONDC returned \u221249.0% where its own daily promise gave \u221248.0%, 1.0 points short.",
 "key_facts": [
  {
   "key": "what_onds_did",
   "label": "What ONDS did",
   "value": "\u221226.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ONDC, what ONDS did: \u221226.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221248.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ONDC, what +2 times a day gives: \u221248.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221249.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ONDC, what the fund returned: \u221249.0%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.0 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ONDC, the fund itself cost: \u22121.0 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ONDC, expense ratio: not read by ETFIQ, as of Sep 11, 2026."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ONDS",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ONDC, underlying: ONDS, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of ONDS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.89 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ONDS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 7, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "73% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221249.0%",
   "ONDS": "\u221226.0%",
   "+2x the move": "\u221252.0%",
   "Difference": "+3.0 pts",
   "ONDS moved about": "73%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221220.6%",
   "ONDS": "\u22121.6%",
   "+2x the move": "\u22123.3%",
   "Difference": "\u221217.3 pts",
   "ONDS moved about": "85%"
  }
 ],
 "questions": [
  {
   "q": "Did ONDC return +2 times ONDS?",
   "a": "Over the window to Sep 11, 2026, ONDS moved \u221226.0% and ONDC returned \u221249.0%. 2 times that move is \u221252.0%, so the fund came out 3.0 points ahead of it."
  },
  {
   "q": "Why does ONDC not return +2 times over a year?",
   "a": "Because it resets daily. ONDC aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which +2x ONDS ETF tracked its stated multiple most closely?",
   "a": "4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}