Defiance Daily Target 2X Long ONDS ETF (ONDL) Diversifiers

ETF · Currency in USD · Last updated Jul 17, 2026

The Defiance Daily Target 2X Long ONDS ETF seeks daily leveraged investment results equal to two times the daily percentage change in the share price of Ondas Holdings Inc. (ONDS), before fees and expenses. The fund uses derivatives such as swap agreements and is designed for short-term tactical exposure rather than long-term holding periods.

Looking to diversify beyond ONDL? The ETFs below have the lowest correlation with ONDL — 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 ONDL.

Best Diversifiers for ONDL

0 ETFs have low correlation with ONDL (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily S&P 500 Bull 2X ETF (SPUU) (Leveraged Equities) with a 1Y correlation of 0.43, roughly unchanged from 0.43 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
SPUU	Direxion Daily S&P 500 Bull 2X ETF	0.43	0.43	0.43	54	Leveraged Equities, S&P 500	ONDL vs SPUU

Diversification Analysis

Build a portfolio that complements ONDL

Add ONDL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with ONDL