ORLG vs. ONDU

Last updated Jun 4, 2026

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

Performance

ORLG vs. ONDU - Performance Comparison

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

Returns By Period

ORLG

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

ONDU

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

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

ORLG vs. ONDU - Yearly Performance Comparison

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

Correlation

The correlation between ORLG and ONDU 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

ORLG vs. ONDU - Risk-Adjusted Trends Comparison

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

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

Drawdowns

ORLG vs. ONDU - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

ORLG vs. ONDU - Expense Ratio Comparison

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

Dividends

ORLG vs. ONDU - Dividend Comparison

Neither ORLG nor ONDU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ORLG and ONDU in my portfolio?

ORLG and ONDU 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, ORLG or ONDU?

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, ORLG or ONDU?

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

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

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

What is the main difference between ORLG and ONDU?

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