ONDG vs. KLAG
ONDG (Leverage Shares 2X Long ONDS Daily ETF) and KLAG (Leverage Shares 2X Long KLAC Daily ETF) are both Leveraged Equities funds from Leverage Shares - ONDG tracks the Ondas Holdings Inc. (ONDS) while KLAG tracks the KLA Corporation (KLAC). Both are passively managed. Their 0.26 correlation means their historical movements had little consistent relationship. Both charge a 0.75% expense ratio.
Performance
ONDG vs. KLAG - Performance Comparison
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Returns By Period
ONDG
- 1D
- -2.99%
- 1M
- -7.08%
- 6M
- -71.57%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KLAG
- 1D
- 2.71%
- 1M
- -42.24%
- 6M
- 22.97%
- YTD
- 58.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $5.08M | $4.54M | |
| $9.09M | $6.83M | $8.54M |
ONDG vs. KLAG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ONDG Leverage Shares 2X Long ONDS Daily ETF | -84.22% |
KLAG Leverage Shares 2X Long KLAC Daily ETF | 15.84% |
Correlation
The correlation between ONDG and KLAG is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026 | 0.26 |
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Return for Risk
ONDG vs. KLAG - 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 KLAC Daily ETF (KLAG). 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
ONDG vs. KLAG - Drawdown Comparison
The maximum ONDG drawdown since its inception was -87.92%, which is greater than KLAG's maximum drawdown of -70.99%. Use the drawdown chart below to compare losses from any high point for ONDG and KLAG.
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Drawdown Indicators
| ONDG | KLAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.92% | -70.99% | -16.93% |
Current DrawdownCurrent decline from peak | -85.07% | -66.43% | -18.64% |
Average DrawdownAverage peak-to-trough decline | -61.62% | -19.57% | -42.05% |
Volatility
ONDG vs. KLAG - Volatility Comparison
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Volatility by Period
| ONDG | KLAG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 203.85% | 138.36% | +65.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 203.85% | 138.36% | +65.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 203.85% | 138.36% | +65.49% |
ONDG vs. KLAG - Expense Ratio Comparison
Both ONDG and KLAG have an expense ratio of 0.75%.
Dividends
ONDG vs. KLAG - Dividend Comparison
Neither ONDG nor KLAG has paid dividends to shareholders.
Frequently Asked Questions
ONDG and KLAG have a correlation of 0.26, 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.
ONDG and KLAG have the same expense ratio: 0.75% per year.
ONDG and KLAG have nearly identical dividend yields, around 0.00%.
ONDG tracks Ondas Holdings Inc. (ONDS), while KLAG tracks KLA Corporation (KLAC).
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