ONDG vs. PLUL

Last updated Jun 5, 2026

ONDG (Leverage Shares 2X Long ONDS Daily ETF) and PLUL (Leverage Shares 2X Long PLUG Daily ETF) are both Leveraged Equities funds from Leverage Shares - ONDG tracks the Ondas Holdings Inc. (ONDS) while PLUL tracks the Plug Power Inc. (PLUG). Both are passively managed. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ONDG vs. PLUL - 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 PLUG Daily ETF (PLUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONDG

• 1D: 5.10%
• 1M: 38.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLUL

• 1D: -4.80%
• 1M: 7.96%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONDG vs. PLUL - Yearly Performance Comparison

	2026 (YTD)
ONDG Leverage Shares 2X Long ONDS Daily ETF	-55.18%
PLUL Leverage Shares 2X Long PLUG Daily ETF	68.04%

Correlation

The correlation between ONDG and PLUL is 0.39, 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 Jan 14, 2026	0.39

Return for Risk

ONDG vs. PLUL - 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 PLUG Daily ETF (PLUL). 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	PLUL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	1.48	-1.89

Drawdowns

ONDG vs. PLUL - Drawdown Comparison

The maximum ONDG drawdown since its inception was -73.84%, which is greater than PLUL's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for ONDG and PLUL.

Drawdown Indicators

	ONDG	PLUL	Difference
Max Drawdown Largest peak-to-trough decline	-73.84%	-55.44%	-18.40%
Current Drawdown Current decline from peak	-55.18%	-25.44%	-29.74%
Average Drawdown Average peak-to-trough decline	-54.76%	-23.91%	-30.85%

Volatility

Volatility by Period

	ONDG	PLUL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	214.80%	190.32%	+24.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	214.80%	190.32%	+24.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	214.80%	190.32%	+24.48%

ONDG vs. PLUL - Expense Ratio Comparison

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

Dividends

ONDG vs. PLUL - Dividend Comparison

Neither ONDG nor PLUL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ONDG and PLUL in my portfolio?

ONDG and PLUL have a correlation of 0.39, 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 PLUL?

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 PLUL?

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

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

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

What is the main difference between ONDG and PLUL?

ONDG tracks Ondas Holdings Inc. (ONDS), while PLUL tracks Plug Power Inc. (PLUG).