ONDU vs. ORLG

Last updated Jun 4, 2026

ONDU (Tradr 2X Long ONDS Daily ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds - ONDU tracks the Ondas Holdings Inc. (ONDS) while ORLG tracks the O'Reilly Automotive, Inc. (ORLY). Both are passively managed. At a correlation of -0.07, they often move in opposite directions. ONDU charges 1.49%/yr vs 0.75%/yr for ORLG.

Performance

ONDU vs. ORLG - 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 ORLY Daily ETF (ORLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONDU

• 1D: -28.27%
• 1M: 21.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORLG

• 1D: 2.37%
• 1M: -14.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONDU vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
ONDU Tradr 2X Long ONDS Daily ETF	-51.60%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-19.31%

Correlation

The correlation between ONDU and ORLG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026	-0.07

Return for Risk

ONDU vs. ORLG - 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 ORLY Daily ETF (ORLG). 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.

Sharpe Ratios by Period

	ONDU	ORLG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.79	+0.37

Drawdowns

ONDU vs. ORLG - Drawdown Comparison

The maximum ONDU drawdown since its inception was -74.75%, which is greater than ORLG's maximum drawdown of -32.62%. Use the drawdown chart below to compare losses from any high point for ONDU and ORLG.

Drawdown Indicators

	ONDU	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-74.75%	-32.62%	-42.13%
Current Drawdown Current decline from peak	-59.10%	-31.02%	-28.08%
Average Drawdown Average peak-to-trough decline	-56.36%	-17.83%	-38.53%

Volatility

Volatility by Period

	ONDU	ORLG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	216.10%	55.34%	+160.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	216.10%	55.34%	+160.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	216.10%	55.34%	+160.76%

ONDU vs. ORLG - Expense Ratio Comparison

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

Dividends

ONDU vs. ORLG - Dividend Comparison

Neither ONDU nor ORLG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ONDU and ORLG in my portfolio?

ONDU and ORLG have a correlation of -0.07, 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 ORLG?

On fees, ORLG 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 ORLG?

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

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

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

What is the main difference between ONDU and ORLG?

ONDU tracks Ondas Holdings Inc. (ONDS), while ORLG tracks O'Reilly Automotive, Inc. (ORLY). They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for ONDU and 0.75% for ORLG.