ONDL vs. XDSQ
ONDL (Defiance Daily Target 2X Long ONDS ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. ONDL is passively managed, while XDSQ is actively managed. At a 0.32 correlation, their price movements are largely independent. ONDL charges 1.31%/yr vs 0.79%/yr for XDSQ.
Performance
ONDL vs. XDSQ - 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 XDSQ's 2.80% return.
ONDL
- 1D
- -29.16%
- 1M
- 17.93%
- YTD
- -27.60%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDSQ
- 1D
- 0.01%
- 1M
- 1.59%
- YTD
- 2.80%
- 6M
- 3.86%
- 1Y
- 15.98%
- 3Y*
- 15.02%
- 5Y*
- 9.80%
- 10Y*
- —
ONDL vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS ETF | -27.60% | 17.43% |
XDSQ Innovator US Equity Accelerated ETF | 2.80% | -1.31% |
Correlation
The correlation between ONDL and XDSQ is 0.32, 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 | 0.32 |
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Return for Risk
ONDL vs. XDSQ — Risk / Return Rank
ONDL
XDSQ
ONDL vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ONDS ETF (ONDL) and Innovator US Equity Accelerated ETF (XDSQ). 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 | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.52 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.69 | -0.84 |
Drawdowns
ONDL vs. XDSQ - Drawdown Comparison
The maximum ONDL drawdown since its inception was -75.71%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for ONDL and XDSQ.
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Drawdown Indicators
| ONDL | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.71% | -26.06% | -49.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.06% | — |
Current DrawdownCurrent decline from peak | -62.62% | 0.00% | -62.62% |
Average DrawdownAverage peak-to-trough decline | -53.08% | -4.96% | -48.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.01% | — |
Volatility
ONDL vs. XDSQ - Volatility Comparison
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Volatility by Period
| ONDL | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.48% | 10.56% | +208.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.48% | 15.27% | +204.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.48% | 15.10% | +204.38% |
ONDL vs. XDSQ - Expense Ratio Comparison
ONDL has a 1.31% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Dividends
ONDL vs. XDSQ - Dividend Comparison
Neither ONDL nor XDSQ has paid dividends to shareholders.
Frequently Asked Questions
ONDL and XDSQ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDSQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDSQ is cheaper with a 0.79% expense ratio, compared with 1.31% for ONDL.
ONDL and XDSQ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for ONDL and 0.79% for XDSQ.
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