ONDG vs. ORLG
ONDG (Leverage Shares 2X Long ONDS Daily ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds from Leverage Shares - ONDG tracks the Ondas Holdings Inc. (ONDS) while ORLG tracks the O'Reilly Automotive, Inc. (ORLY). Both are passively managed. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.75% expense ratio.
Performance
ONDG vs. ORLG - Performance Comparison
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Returns By Period
ONDG
- 1D
- -7.89%
- 1M
- -22.81%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORLG
- 1D
- 4.20%
- 1M
- -10.10%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONDG vs. ORLG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ONDG Leverage Shares 2X Long ONDS Daily ETF | -77.18% |
ORLG Leverage Shares 2X Long ORLY Daily ETF | -21.64% |
Correlation
The correlation between ONDG and ORLG is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026 | -0.10 |
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Return for Risk
ONDG vs. ORLG - 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 ORLY Daily ETF (ORLG). 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. ORLG - Drawdown Comparison
The maximum ONDG drawdown since its inception was -78.13%, which is greater than ORLG's maximum drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for ONDG and ORLG.
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Drawdown Indicators
| ONDG | ORLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.13% | -33.97% | -44.16% |
Current DrawdownCurrent decline from peak | -78.13% | -31.20% | -46.93% |
Average DrawdownAverage peak-to-trough decline | -56.22% | -18.96% | -37.26% |
Volatility
ONDG vs. ORLG - Volatility Comparison
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Volatility by Period
| ONDG | ORLG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 208.74% | 54.24% | +154.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 208.74% | 54.24% | +154.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.74% | 54.24% | +154.50% |
ONDG vs. ORLG - Expense Ratio Comparison
Both ONDG and ORLG have an expense ratio of 0.75%.
Dividends
ONDG vs. ORLG - Dividend Comparison
Neither ONDG nor ORLG has paid dividends to shareholders.
Frequently Asked Questions
ONDG and ORLG have a correlation of -0.10, 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 ORLG have the same expense ratio: 0.75% per year.
ONDG and ORLG have nearly identical dividend yields, around 0.00%.
ONDG tracks Ondas Holdings Inc. (ONDS), while ORLG tracks O'Reilly Automotive, Inc. (ORLY).
Find the right allocation for ONDG and ORLG
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