{
 "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": "2026-09-30",
 "verdict": "One month to Sep 30, 2026: ONDC returned \u221213.3% where its own daily promise gave \u221210.3%, 3.1 points short.",
 "key_facts": [
  {
   "key": "what_onds_did",
   "label": "What ONDS did",
   "value": "\u22124.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ONDC, what ONDS did: \u22124.3%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221210.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ONDC, what 2 times a day gives: \u221210.3%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221213.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ONDC, what the fund returned: \u221213.3%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.1 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ONDC, the fund itself cost: \u22123.1 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$262,230",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "ONDC, net assets: $262,230 (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "issuer page",
   "as_of": "2026-09-30",
   "sentence": "ONDC, expense ratio: 0.45% (issuer page)."
  }
 ],
 "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": "ONDS moved \u22124.3% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ONDS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$262,230",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "issuer page"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 7, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "51% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221213.3%",
   "ONDS": "\u22124.3%",
   "+2x the move": "\u22128.5%",
   "Difference": "\u22124.8 pts",
   "ONDS moved about": "51%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221220.2%",
   "ONDS": "\u22120.3%",
   "+2x the move": "\u22120.5%",
   "Difference": "\u221219.7 pts",
   "ONDS moved about": "77%"
  }
 ],
 "questions": [
  {
   "q": "Did ONDC return +2 times ONDS?",
   "a": "Over the window to Sep 30, 2026, ONDS moved \u22124.3% and ONDC returned \u221213.3%. 2 times that move is \u22128.5%, so the fund came out 4.8 points short 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 figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}