ONDL vs. UPSG
ONDL (Defiance Daily Target 2X Long ONDS ETF) and UPSG (Leverage Shares 2X Long UPS Daily ETF) are both Leveraged Equities funds. ONDL is passively managed, while UPSG is actively managed. At a 0.18 correlation, their price movements are largely independent. ONDL charges 1.31%/yr vs 0.75%/yr for UPSG.
Performance
ONDL vs. UPSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ONDL achieves a -27.60% return, which is significantly lower than UPSG's 16.33% return.
ONDL
- 1D
- -29.16%
- 1M
- 17.93%
- YTD
- -27.60%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSG
- 1D
- -0.13%
- 1M
- 30.08%
- YTD
- 16.33%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONDL vs. UPSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS ETF | -27.60% | 17.43% |
UPSG Leverage Shares 2X Long UPS Daily ETF | 16.33% | -0.36% |
Correlation
The correlation between ONDL and UPSG is 0.18, 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 Dec 31, 2025 | 0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ONDL vs. UPSG - 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 UPS Daily ETF (UPSG). 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.
Loading charts...
Sharpe Ratios by Period
| ONDL | UPSG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.52 | -0.67 |
Drawdowns
ONDL vs. UPSG - Drawdown Comparison
The maximum ONDL drawdown since its inception was -75.71%, which is greater than UPSG's maximum drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for ONDL and UPSG.
Loading charts...
Drawdown Indicators
| ONDL | UPSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.71% | -37.29% | -38.42% |
Current DrawdownCurrent decline from peak | -62.62% | -18.43% | -44.19% |
Average DrawdownAverage peak-to-trough decline | -53.08% | -16.93% | -36.15% |
Volatility
ONDL vs. UPSG - Volatility Comparison
Loading charts...
Volatility by Period
| ONDL | UPSG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 219.48% | 58.91% | +160.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.48% | 58.91% | +160.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.48% | 58.91% | +160.57% |
ONDL vs. UPSG - Expense Ratio Comparison
ONDL has a 1.31% expense ratio, which is higher than UPSG's 0.75% expense ratio.
Dividends
ONDL vs. UPSG - Dividend Comparison
Neither ONDL nor UPSG has paid dividends to shareholders.
Frequently Asked Questions
ONDL and UPSG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UPSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UPSG is cheaper with a 0.75% expense ratio, compared with 1.31% for ONDL.
ONDL and UPSG 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 UPSG.
Find the right allocation for ONDL and UPSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer