ONDG vs. HUTG

Last updated Jun 4, 2026

ONDG (Leverage Shares 2X Long ONDS Daily ETF) and HUTG (Leverage Shares 2X Long HUT Daily ETF) are both Leveraged Equities funds from Leverage Shares - ONDG tracks the Ondas Holdings Inc. (ONDS) while HUTG tracks the Hut 8 Corp. (HUT). Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

ONDG vs. HUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ONDS Daily ETF (ONDG) and Leverage Shares 2X Long HUT Daily ETF (HUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONDG

• 1D: -28.69%
• 1M: 21.10%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HUTG

• 1D: -2.52%
• 1M: 150.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ONDG vs. HUTG - Yearly Performance Comparison

	2026 (YTD)
ONDG Leverage Shares 2X Long ONDS Daily ETF	-57.35%
HUTG Leverage Shares 2X Long HUT Daily ETF	180.22%

Correlation

The correlation between ONDG and HUTG is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.58

Return for Risk

ONDG vs. HUTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ONDS Daily ETF (ONDG) and Leverage Shares 2X Long HUT Daily ETF (HUTG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ONDG	HUTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	6.18	-6.59

Drawdowns

ONDG vs. HUTG - Drawdown Comparison

The maximum ONDG drawdown since its inception was -73.84%, which is greater than HUTG's maximum drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for ONDG and HUTG.

Drawdown Indicators

	ONDG	HUTG	Difference
Max Drawdown Largest peak-to-trough decline	-73.84%	-66.30%	-7.54%
Current Drawdown Current decline from peak	-57.35%	-2.52%	-54.83%
Average Drawdown Average peak-to-trough decline	-54.76%	-26.80%	-27.96%

Volatility

Volatility by Period

	ONDG	HUTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	215.76%	220.40%	-4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.76%	220.40%	-4.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.76%	220.40%	-4.64%

ONDG vs. HUTG - Expense Ratio Comparison

Both ONDG and HUTG have an expense ratio of 0.75%.

Dividends

ONDG vs. HUTG - Dividend Comparison

Neither ONDG nor HUTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ONDG and HUTG in my portfolio?

ONDG and HUTG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONDG or HUTG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONDG or HUTG?

ONDG and HUTG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ONDG or HUTG?

ONDG and HUTG have nearly identical dividend yields, around 0.00%.

What is the main difference between ONDG and HUTG?

ONDG tracks Ondas Holdings Inc. (ONDS), while HUTG tracks Hut 8 Corp. (HUT).