UECG vs. ONDL

Last updated Jul 17, 2026

UECG (Leverage Shares 2X Long UEC Daily ETF) and ONDL (Defiance Daily Target 2X Long ONDS ETF) are both Leveraged Equities funds - UECG tracks the Uranium Energy Corp. (UEC) while ONDL tracks the Ondas Holdings Inc. (ONDS). Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. UECG charges 0.75%/yr vs 1.31%/yr for ONDL.

Performance

UECG vs. ONDL - Performance Comparison

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

Returns By Period

UECG

• 1D: -16.35%
• 1M: -39.30%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONDL

• 1D: -11.56%
• 1M: -52.66%
• 6M: -87.18%
• YTD: -79.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UECG vs. ONDL - Yearly Performance Comparison

	2026 (YTD)
UECG Leverage Shares 2X Long UEC Daily ETF	-79.38%
ONDL Defiance Daily Target 2X Long ONDS ETF	-77.14%

Correlation

The correlation between UECG and ONDL is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 10, 2026	0.60

Return for Risk

UECG vs. ONDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long UEC Daily ETF (UECG) and Defiance Daily Target 2X Long ONDS ETF (ONDL). 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

UECG vs. ONDL - Drawdown Comparison

The maximum UECG drawdown since its inception was -79.38%, smaller than the maximum ONDL drawdown of -89.36%. Use the drawdown chart below to compare losses from any high point for UECG and ONDL.

Drawdown Indicators

	UECG	ONDL	Difference
Max Drawdown Largest peak-to-trough decline	-79.38%	-89.36%	+9.98%
Current Drawdown Current decline from peak	-79.38%	-89.36%	+9.98%
Average Drawdown Average peak-to-trough decline	-44.38%	-58.65%	+14.27%

Volatility

Volatility by Period

	UECG	ONDL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	159.66%	207.63%	-47.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	159.66%	207.63%	-47.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	159.66%	207.63%	-47.97%

UECG vs. ONDL - Expense Ratio Comparison

UECG has a 0.75% expense ratio, which is lower than ONDL's 1.31% expense ratio.

Dividends

UECG vs. ONDL - Dividend Comparison

Neither UECG nor ONDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UECG and ONDL in my portfolio?

UECG and ONDL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UECG or ONDL?

On fees, UECG 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, UECG or ONDL?

UECG is cheaper with a 0.75% expense ratio, compared with 1.31% for ONDL.

Which ETF pays a higher dividend yield, UECG or ONDL?

UECG and ONDL have nearly identical dividend yields, around 0.00%.

What is the main difference between UECG and ONDL?

UECG tracks Uranium Energy Corp. (UEC), while ONDL tracks Ondas Holdings Inc. (ONDS). They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for UECG and 1.31% for ONDL.