PONX vs. ORLG
PONX (Tradr 2X Long PONY Daily ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds. PONX is actively managed, while ORLG is passively managed. At a correlation of -0.05, they often move in opposite directions. PONX charges 1.30%/yr vs 0.75%/yr for ORLG.
Performance
PONX vs. ORLG - Performance Comparison
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Returns By Period
PONX
- 1D
- -5.09%
- 1M
- -26.45%
- 6M
- -86.20%
- YTD
- -84.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORLG
- 1D
- 8.37%
- 1M
- -11.93%
- 6M
- -23.86%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PONX vs. ORLG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PONX Tradr 2X Long PONY Daily ETF | -86.67% |
ORLG Leverage Shares 2X Long ORLY Daily ETF | -25.87% |
Correlation
The correlation between PONX and ORLG is -0.05, 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 15, 2026 | -0.05 |
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Return for Risk
PONX vs. ORLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PONY Daily ETF (PONX) 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.
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.
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Drawdowns
PONX vs. ORLG - Drawdown Comparison
The maximum PONX drawdown since its inception was -95.86%, which is greater than ORLG's maximum drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for PONX and ORLG.
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Drawdown Indicators
| PONX | ORLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.86% | -39.93% | -55.93% |
Current DrawdownCurrent decline from peak | -95.36% | -34.91% | -60.45% |
Average DrawdownAverage peak-to-trough decline | -68.95% | -20.65% | -48.30% |
Volatility
PONX vs. ORLG - Volatility Comparison
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Volatility by Period
| PONX | ORLG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 151.88% | 59.08% | +92.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 151.88% | 59.08% | +92.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 151.88% | 59.08% | +92.80% |
PONX vs. ORLG - Expense Ratio Comparison
PONX has a 1.30% expense ratio, which is higher than ORLG's 0.75% expense ratio.
Dividends
PONX vs. ORLG - Dividend Comparison
Neither PONX nor ORLG has paid dividends to shareholders.
Frequently Asked Questions
PONX and ORLG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ORLG is cheaper with a 0.75% expense ratio, compared with 1.30% for PONX.
PONX and ORLG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for PONX and 0.75% for ORLG.
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