# ONDU (Tradr 2X Long ONDS Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: ONDU returned −51.9% where its own daily promise gave −49.3%, 2.6 points short.

## Key facts

- ONDU, what ONDS did: −22.5%, as of Sep 11, 2026.
- ONDU, what +2 times a day gives: −49.3%, as of Sep 11, 2026.
- ONDU, what the fund returned: −51.9%, as of Sep 11, 2026.
- ONDU, the fund itself cost: −2.6 pts, as of Sep 11, 2026.
- ONDU, net assets: $6m (source, as filed for Jun 30, 2026).
- ONDU, expense ratio: 1.49% (485BPOS XBRL, Jan 12, 2026).

## ONDU over each window to Sep 11, 2026

| Window | Fund | ONDS | +2x the move | Difference | ONDS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −49.2% | −26.0% | −52.0% | +2.8 pts | 73% |
| 3 months | −51.9% | −22.5% | −45.0% | −6.9 pts | 81% |
| 6 months | −70.3% | −28.8% | −57.7% | −12.6 pts | 97% |
| Since launch | −87.8% | −48.0% | −95.9% | +8.1 pts | 99% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ONDS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.31 times, against +2 stated | ETFIQ |
| Underlying | ONDS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $6m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jan 12, 2026 |
| Launched | Jan 13, 2026 | ETFIQ |
| Underlying volatility over the window | 81% annualized | ETFIQ |

## Questions

### Did ONDU return +2 times ONDS?

Over the window to Sep 11, 2026, ONDS moved −22.5% and ONDU returned −51.9%. 2 times that move is −45.0%, so the fund came out 6.9 points short of it.

### Why does ONDU not return +2 times over a year?

Because it resets daily. ONDU 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.

### Which +2x ONDS ETF tracked its stated multiple most closely?

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.


## Cite this page

ETFIQ, ONDU, data as of Sep 11, 2026. https://etfiq.com/funds/ONDU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/ONDU  ·  JSON: https://etfiq.com/funds/ONDU.json