UPSX vs. ONDU

Last updated Jun 4, 2026

UPSX (Tradr 2X Long UPST Daily ETF) and ONDU (Tradr 2X Long ONDS Daily ETF) are both Leveraged Equities funds from Tradr. UPSX is actively managed, while ONDU is passively managed. At a 0.49 correlation, their price movements are largely independent. UPSX charges 1.30%/yr vs 1.49%/yr for ONDU.

Performance

UPSX vs. ONDU - Performance Comparison

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

Returns By Period

UPSX

• 1D: -12.72%
• 1M: -15.45%
• YTD: -64.53%
• 6M: -68.06%
• 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)

UPSX vs. ONDU - Yearly Performance Comparison

	2026 (YTD)
UPSX Tradr 2X Long UPST Daily ETF	-68.67%
ONDU Tradr 2X Long ONDS Daily ETF	-59.10%

Correlation

The correlation between UPSX and ONDU is 0.49, 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 14, 2026	0.49

Return for Risk

UPSX vs. ONDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long UPST Daily ETF (UPSX) 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

	UPSX	ONDU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.42	-0.20

Drawdowns

UPSX vs. ONDU - Drawdown Comparison

The maximum UPSX drawdown since its inception was -95.01%, which is greater than ONDU's maximum drawdown of -74.75%. Use the drawdown chart below to compare losses from any high point for UPSX and ONDU.

Drawdown Indicators

	UPSX	ONDU	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-74.75%	-20.26%
Current Drawdown Current decline from peak	-93.01%	-59.10%	-33.91%
Average Drawdown Average peak-to-trough decline	-66.03%	-56.36%	-9.67%

Volatility

Volatility by Period

	UPSX	ONDU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	140.77%	216.10%	-75.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.77%	216.10%	-75.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.77%	216.10%	-75.33%

UPSX vs. ONDU - Expense Ratio Comparison

UPSX has a 1.30% expense ratio, which is lower than ONDU's 1.49% expense ratio.

Dividends

UPSX vs. ONDU - Dividend Comparison

Neither UPSX nor ONDU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPSX and ONDU in my portfolio?

UPSX and ONDU have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPSX or ONDU?

On fees, UPSX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPSX or ONDU?

UPSX is cheaper with a 1.30% expense ratio, compared with 1.49% for ONDU.

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

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

What is the main difference between UPSX and ONDU?

Their fees differ too: 1.30% for UPSX and 1.49% for ONDU.