ONDU vs. GRAG

Last updated Jul 12, 2026

ONDU (Tradr 2X Long ONDS Daily ETF) and GRAG (Leverage Shares 2X Long GRAB Daily ETF) are both Leveraged Equities funds. ONDU is passively managed, while GRAG is actively managed. At a 0.29 correlation, their price movements are largely independent. ONDU charges 1.49%/yr vs 0.75%/yr for GRAG.

Performance

ONDU vs. GRAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ONDS Daily ETF (ONDU) and Leverage Shares 2X Long GRAB Daily ETF (GRAG). 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*: —

GRAG

• 1D: 3.50%
• 1M: 39.46%
• 6M: -41.95%
• YTD: -45.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONDU vs. GRAG - Yearly Performance Comparison

	2026 (YTD)
ONDU Tradr 2X Long ONDS Daily ETF	-84.89%
GRAG Leverage Shares 2X Long GRAB Daily ETF	-42.79%

Correlation

The correlation between ONDU and GRAG is 0.29, 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 Jan 13, 2026	0.29

Return for Risk

ONDU vs. GRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ONDS Daily ETF (ONDU) and Leverage Shares 2X Long GRAB Daily ETF (GRAG). 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. GRAG - Drawdown Comparison

The maximum ONDU drawdown since its inception was -85.39%, which is greater than GRAG's maximum drawdown of -65.33%. Use the drawdown chart below to compare losses from any high point for ONDU and GRAG.

Drawdown Indicators

	ONDU	GRAG	Difference
Max Drawdown Largest peak-to-trough decline	-85.39%	-65.33%	-20.06%
Current Drawdown Current decline from peak	-85.39%	-51.08%	-34.31%
Average Drawdown Average peak-to-trough decline	-60.25%	-42.73%	-17.52%

Volatility

Volatility by Period

	ONDU	GRAG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	204.24%	70.55%	+133.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	204.24%	70.55%	+133.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	204.24%	70.55%	+133.69%

ONDU vs. GRAG - Expense Ratio Comparison

ONDU has a 1.49% expense ratio, which is higher than GRAG's 0.75% expense ratio.

Dividends

ONDU vs. GRAG - Dividend Comparison

Neither ONDU nor GRAG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ONDU and GRAG in my portfolio?

ONDU and GRAG have a correlation of 0.29, 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 GRAG?

On fees, GRAG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONDU or GRAG?

GRAG is cheaper with a 0.75% expense ratio, compared with 1.49% for ONDU.

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

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

What is the main difference between ONDU and GRAG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for ONDU and 0.75% for GRAG.