ONDL vs. ADBG
ONDL (Defiance Daily Target 2X Long ONDS ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. ONDL is passively managed, while ADBG is actively managed. At a 0.00 correlation, their price movements are largely independent. ONDL charges 1.31%/yr vs 0.75%/yr for ADBG.
Performance
ONDL vs. ADBG - Performance Comparison
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Returns By Period
In the year-to-date period, ONDL achieves a -63.29% return, which is significantly higher than ADBG's -72.70% return.
ONDL
- 1D
- -7.90%
- 1M
- -24.39%
- YTD
- -63.29%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- 2.95%
- 1M
- -37.44%
- YTD
- -72.70%
- 6M
- -73.10%
- 1Y
- -79.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONDL vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS ETF | -63.29% | 30.85% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -72.70% | -1.92% |
Correlation
The correlation between ONDL and ADBG is 0.00, 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 Dec 30, 2025 | 0.00 |
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Return for Risk
ONDL vs. ADBG — Risk / Return Rank
ONDL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ADBG
ONDL vs. ADBG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ONDS ETF (ONDL) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.
| ONDL | ADBG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.68 | — |
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Drawdowns
ONDL vs. ADBG - Drawdown Comparison
The maximum ONDL drawdown since its inception was -81.04%, roughly equal to the maximum ADBG drawdown of -83.90%. Use the drawdown chart below to compare losses from any high point for ONDL and ADBG.
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Drawdown Indicators
| ONDL | ADBG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.04% | -83.90% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -80.96% | — |
Current DrawdownCurrent decline from peak | -81.04% | -83.42% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -55.02% | -43.05% | -11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 47.09% | — |
Volatility
ONDL vs. ADBG - Volatility Comparison
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Volatility by Period
| ONDL | ADBG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 32.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 213.88% | 69.23% | +144.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.88% | 68.74% | +145.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.88% | 68.74% | +145.14% |
ONDL vs. ADBG - Expense Ratio Comparison
ONDL has a 1.31% expense ratio, which is higher than ADBG's 0.75% expense ratio.
Dividends
ONDL vs. ADBG - Dividend Comparison
Neither ONDL nor ADBG has paid dividends to shareholders.
Frequently Asked Questions
ONDL and ADBG have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ADBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ADBG is cheaper with a 0.75% expense ratio, compared with 1.31% for ONDL.
ONDL and ADBG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for ONDL and 0.75% for ADBG.
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