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

ETF · Currency in USD · Last updated Jun 4, 2026

The Leverage Shares 2X Long ONDS Daily ETF is a daily leveraged single-stock ETF designed to provide two times the daily performance of Ondas Holdings Inc. (ONDS), before fees and expenses. The fund uses swaps and cash instruments to provide magnified short-term bullish exposure to ONDS for sophisticated investors and active traders.

Looking to diversify beyond ONDG? The ETFs below have the lowest correlation with ONDG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ONDG.

Best Diversifiers for ONDG

1 ETFs have low correlation with ONDG (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long TSM Daily ETF (TSMG) (Leveraged Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TSMG
Leverage Shares 2X Long TSM Daily ETF0.270.270.27
89
Leveraged EquitiesONDG vs TSMG
QTJL
Innovator Growth Accelerated Plus ETF - July0.340.340.34
68
Leveraged EquitiesONDG vs QTJL

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Diversification Analysis

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