ONDL vs. COTG
ONDL (Defiance Daily Target 2X Long ONDS ETF) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. ONDL is passively managed, while COTG is actively managed. At a correlation of -0.16, they often move in opposite directions. ONDL charges 1.31%/yr vs 0.75%/yr for COTG.
Performance
ONDL vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, ONDL achieves a -27.60% return, which is significantly lower than COTG's 17.32% return.
ONDL
- 1D
- -29.16%
- 1M
- 17.93%
- YTD
- -27.60%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COTG
- 1D
- 1.39%
- 1M
- -11.21%
- YTD
- 17.32%
- 6M
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONDL vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS ETF | -27.60% | 17.43% |
COTG Leverage Shares 2X Long COST Daily ETF | 17.32% | -0.81% |
Correlation
The correlation between ONDL and COTG is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025 | -0.16 |
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Return for Risk
ONDL vs. COTG - 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 COST Daily ETF (COTG). 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.
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Sharpe Ratios by Period
| ONDL | COTG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.28 | +0.13 |
Drawdowns
ONDL vs. COTG - Drawdown Comparison
The maximum ONDL drawdown since its inception was -75.71%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for ONDL and COTG.
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Drawdown Indicators
| ONDL | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.71% | -25.69% | -50.02% |
Current DrawdownCurrent decline from peak | -62.62% | -23.48% | -39.14% |
Average DrawdownAverage peak-to-trough decline | -53.08% | -8.35% | -44.73% |
Volatility
ONDL vs. COTG - Volatility Comparison
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Volatility by Period
| ONDL | COTG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 219.48% | 40.65% | +178.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.48% | 40.65% | +178.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.48% | 40.65% | +178.83% |
ONDL vs. COTG - Expense Ratio Comparison
ONDL has a 1.31% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
ONDL vs. COTG - Dividend Comparison
Neither ONDL nor COTG has paid dividends to shareholders.
Frequently Asked Questions
ONDL and COTG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COTG is cheaper with a 0.75% expense ratio, compared with 1.31% for ONDL.
ONDL and COTG 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 COTG.
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