# ONDU (Tradr 2X Long ONDS Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: ONDU returned −30.2% where its own daily promise gave −26.6%, 3.5 points short.

## Key facts

- ONDU, what ONDS did: −7.5%, as of Sep 30, 2026.
- ONDU, what 2 times a day gives: −26.6%, as of Sep 30, 2026.
- ONDU, what the fund returned: −30.2%, as of Sep 30, 2026.
- ONDU, the fund itself cost: −3.5 pts, as of Sep 30, 2026.
- ONDU, net assets: $4m (the issuer’s own daily fund list, as of Sep 30, 2026).
- ONDU, expense ratio: 1.49% (485BPOS XBRL, Jan 12, 2026).

## ONDU over each window to Sep 30, 2026

| Window | Fund | ONDS | +2x the move | Difference | ONDS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.2% | −4.3% | −8.5% | −2.7 pts | 51% |
| 3 months | −30.2% | −7.5% | −14.9% | −15.3 pts | 78% |
| 6 months | −57.3% | −16.8% | −33.6% | −23.7 pts | 93% |
| Since launch | −87.6% | −47.2% | −94.5% | +6.8 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 | +4.05 times, against +2 stated | ETFIQ |
| Underlying | ONDS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jan 12, 2026 |
| Launched | Jan 13, 2026 | ETFIQ |
| Underlying volatility over the window | 78% annualized | ETFIQ |

## Questions

### Did ONDU return +2 times ONDS?

Over the window to Sep 30, 2026, ONDS moved −7.5% and ONDU returned −30.2%. 2 times that move is −14.9%, so the fund came out 15.3 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 figure itself.


## Cite this page

ETFIQ, ONDU, data as of Sep 30, 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