ONDU vs. AAOX

Last updated Jul 12, 2026

ONDU (Tradr 2X Long ONDS Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr - ONDU tracks the Ondas Holdings Inc. (ONDS) while AAOX tracks the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. At a 0.34 correlation, their price movements are largely independent. Both charge a 1.49% expense ratio.

Performance

ONDU vs. AAOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ONDS Daily ETF (ONDU) and Tradr 2X Long AAOI Daily ETF (AAOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONDU

• 1D: -10.40%
• 1M: -42.47%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -3.89%
• 1M: -56.19%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONDU vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
ONDU Tradr 2X Long ONDS Daily ETF	-68.21%
AAOX Tradr 2X Long AAOI Daily ETF	-22.58%

Correlation

The correlation between ONDU and AAOX is 0.34, 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 Mar 24, 2026	0.34

Return for Risk

ONDU vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ONDS Daily ETF (ONDU) and Tradr 2X Long AAOI Daily ETF (AAOX). 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.

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

Drawdowns

ONDU vs. AAOX - Drawdown Comparison

The maximum ONDU drawdown since its inception was -85.39%, which is greater than AAOX's maximum drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for ONDU and AAOX.

Drawdown Indicators

	ONDU	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-85.39%	-80.97%	-4.42%
Current Drawdown Current decline from peak	-85.39%	-79.27%	-6.12%
Average Drawdown Average peak-to-trough decline	-60.25%	-34.28%	-25.97%

Volatility

Volatility by Period

	ONDU	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	204.24%	290.17%	-85.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	204.24%	290.17%	-85.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	204.24%	290.17%	-85.93%

ONDU vs. AAOX - Expense Ratio Comparison

Both ONDU and AAOX have an expense ratio of 1.49%.

Dividends

ONDU vs. AAOX - Dividend Comparison

Neither ONDU nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ONDU and AAOX in my portfolio?

ONDU and AAOX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONDU or AAOX?

Both ETFs have the same 1.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONDU or AAOX?

ONDU and AAOX have the same expense ratio: 1.49% per year.

Which ETF pays a higher dividend yield, ONDU or AAOX?

ONDU and AAOX have nearly identical dividend yields, around 0.00%.

What is the main difference between ONDU and AAOX?

ONDU tracks Ondas Holdings Inc. (ONDS), while AAOX tracks Applied Optoelectronics, Inc. (AAOI).