GLWG vs. ONDG
GLWG (Leverage Shares 2X Long GLW Daily ETF) and ONDG (Leverage Shares 2X Long ONDS Daily ETF) are both Leveraged Equities funds from Leverage Shares - GLWG tracks the Corning Incorporated (GLW) while ONDG tracks the Ondas Holdings Inc. (ONDS). Both are passively managed. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
GLWG vs. ONDG - Performance Comparison
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Returns By Period
GLWG
- 1D
- -15.43%
- 1M
- -7.72%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONDG
- 1D
- -7.89%
- 1M
- -22.81%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLWG vs. ONDG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GLWG Leverage Shares 2X Long GLW Daily ETF | 70.76% |
ONDG Leverage Shares 2X Long ONDS Daily ETF | -45.23% |
Correlation
The correlation between GLWG and ONDG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026 | 0.31 |
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Return for Risk
GLWG vs. ONDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLW Daily ETF (GLWG) and Leverage Shares 2X Long ONDS Daily ETF (ONDG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
GLWG vs. ONDG - Drawdown Comparison
The maximum GLWG drawdown since its inception was -39.12%, smaller than the maximum ONDG drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for GLWG and ONDG.
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Drawdown Indicators
| GLWG | ONDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.12% | -78.13% | +39.01% |
Current DrawdownCurrent decline from peak | -21.67% | -78.13% | +56.46% |
Average DrawdownAverage peak-to-trough decline | -13.38% | -56.22% | +42.84% |
Volatility
GLWG vs. ONDG - Volatility Comparison
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Volatility by Period
| GLWG | ONDG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 160.75% | 208.74% | -47.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 160.75% | 208.74% | -47.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.75% | 208.74% | -47.99% |
GLWG vs. ONDG - Expense Ratio Comparison
Both GLWG and ONDG have an expense ratio of 0.75%.
Dividends
GLWG vs. ONDG - Dividend Comparison
Neither GLWG nor ONDG has paid dividends to shareholders.
Frequently Asked Questions
GLWG and ONDG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLWG and ONDG have the same expense ratio: 0.75% per year.
GLWG and ONDG have nearly identical dividend yields, around 0.00%.
GLWG tracks Corning Incorporated (GLW), while ONDG tracks Ondas Holdings Inc. (ONDS).
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