# ONDG (Leverage Shares 2X Long ONDS Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: ONDG returned −30.7% where its own daily promise gave −26.6%, 4.1 points short.

## Key facts

- ONDG, what ONDS did: −7.5%, as of Sep 30, 2026.
- ONDG, what 2 times a day gives: −26.6%, as of Sep 30, 2026.
- ONDG, what the fund returned: −30.7%, as of Sep 30, 2026.
- ONDG, the fund itself cost: −4.1 pts, as of Sep 30, 2026.
- ONDG, net assets: $24m (issuer page, as of Sep 29, 2026).
- ONDG, expense ratio: 0.75% (485BPOS XBRL, Jan 9, 2026).

## ONDG over each window to Sep 30, 2026

| Window | Fund | ONDS | +2x the move | Difference | ONDS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.8% | −4.3% | −8.5% | −3.3 pts | 51% |
| 3 months | −30.7% | −7.5% | −14.9% | −15.8 pts | 78% |
| 6 months | −58.0% | −16.8% | −33.6% | −24.4 pts | 93% |
| Since launch | −87.2% | −47.2% | −94.5% | +7.3 pts | 96% |

## 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 | +4.12 times, against +2 stated | ETFIQ |
| Underlying | ONDS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $24m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Jan 9, 2026 |
| Launched | Jan 13, 2026 | ETFIQ |
| Underlying volatility over the window | 78% annualized | ETFIQ |

## Questions

### Did ONDG return +2 times ONDS?

Over the window to Sep 30, 2026, ONDS moved −7.5% and ONDG returned −30.7%. 2 times that move is −14.9%, so the fund came out 15.8 points short of it.

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

Because it resets daily. ONDG 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 figure itself.


## Cite this page

ETFIQ, ONDG, data as of Sep 30, 2026. https://etfiq.com/funds/ondg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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