ONDG vs. XOMX

Last updated Aug 1, 2026

ONDG (Leverage Shares 2X Long ONDS Daily ETF) and XOMX (Direxion Daily XOM Bull 2X Shares) are both Leveraged Equities funds. ONDG is passively managed, while XOMX is actively managed. Their -0.14 correlation means they have often moved in opposite directions in the past. ONDG charges 0.75%/yr vs 1.07%/yr for XOMX.

Performance

ONDG vs. XOMX - Performance Comparison

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

Returns By Period

ONDG

• 1D: -2.99%
• 1M: -7.08%
• 6M: -71.57%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XOMX

• 1D: -2.00%
• 1M: 27.43%
• 6M: 13.60%
• YTD: 54.71%
• 1Y: 83.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 59.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ONDG Leverage Shares 2X Long ONDS Daily ETF	$9.09M	$6.83M	$8.54M
XOMX Direxion Daily XOM Bull 2X Shares	$1.53M	$1.17M	$1.12M

ONDG vs. XOMX - Yearly Performance Comparison

	2026 (YTD)
ONDG Leverage Shares 2X Long ONDS Daily ETF	-84.22%
XOMX Direxion Daily XOM Bull 2X Shares	46.80%

Correlation

The correlation between ONDG and XOMX is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	-0.14

Return for Risk

ONDG vs. XOMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ONDG

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

XOMX

XOMX Risk / Return Rank: 55
XOMX Sharpe Ratio Rank: 64
XOMX Sortino Ratio Rank: 57
XOMX Omega Ratio Rank: 57
XOMX Calmar Ratio Rank: 53
XOMX Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ONDG vs. XOMX - Risk-Adjusted Trends Comparison

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

	ONDG	XOMX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.52	—
Sortino ratio: Return per unit of downside risk	—	2.00	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.92	—
Martin ratio: Return relative to average drawdown	—	4.63	—

Drawdowns

ONDG vs. XOMX - Drawdown Comparison

The maximum ONDG drawdown since its inception was -87.92%, which is greater than XOMX's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for ONDG and XOMX.

Drawdown Indicators

	ONDG	XOMX	Difference
Max Drawdown Largest peak-to-trough decline	-87.92%	-39.64%	-48.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.64%	—
Current Drawdown Current decline from peak	-85.07%	-22.04%	-63.03%
Average Drawdown Average peak-to-trough decline	-61.62%	-10.79%	-50.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.51%	—

Volatility

Volatility by Period

	ONDG	XOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.85%	50.23%	+153.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.85%	48.50%	+155.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.85%	48.50%	+155.35%

ONDG vs. XOMX - Expense Ratio Comparison

ONDG has a 0.75% expense ratio, which is lower than XOMX's 1.07% expense ratio.

Dividends

ONDG vs. XOMX - Dividend Comparison

ONDG has not paid dividends to shareholders, while XOMX's dividend yield for the trailing twelve months is around 1.70%.

Position	TTM	2025
ONDG Leverage Shares 2X Long ONDS Daily ETF	0.00%	0.00%
XOMX Direxion Daily XOM Bull 2X Shares	1.70%	1.73%

Frequently Asked Questions

Can I hold both ONDG and XOMX in my portfolio?

ONDG and XOMX have a correlation of -0.14, 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 XOMX?

On fees, ONDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONDG or XOMX?

ONDG is cheaper with a 0.75% expense ratio, compared with 1.07% for XOMX.

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

XOMX has the higher dividend yield at 1.70%, compared with 0.00% for ONDG.

What is the main difference between ONDG and XOMX?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for ONDG and 1.07% for XOMX.