What this ETF is trying to do

The Leverage Shares 2X Long ONDS Daily ETF (ONDG) is a leveraged ETF. This means it uses financial tools to try and multiply the daily movement of a specific index. Specifically, it is a "2X Long" fund, which aims to provide twice the daily return of its target.

What the numbers show

As of October 5, 2026, the current price of one share is $2.18.

There is currently no data available for the year-to-date price return, the one-year price return, or the three-year price return. Because there is not enough verified price history, an erosion score has not been provided.

Income and distribution explanation

Some investors buy ETFs to get regular cash payments, called distributions. However, this ETF has a distribution yield of 0%. There have been no payouts in the last 12 months, and no distributions have been detected. Because it does not provide income, it has an income rating grade of "F."

Portfolio Exposure

Based on data updated on October 7, 2026, the fund has one holding:

• First American Treasury Obligs X (FXFXX): 10.36%

Pros

• The fund is designed for investors who want leveraged exposure to its target index.

• There is currently no severe erosion-risk flag triggered for this ETF.

Cons

• This ETF does not provide any cash distributions or income for investors.

• There is a lack of available historical performance data (such as one-year or three-year returns) to review.

Beginner takeaway

When looking at an ETF, it is important to know if it is "leveraged." Leveraged ETFs are different from standard ETFs because they seek to multiply daily returns.

Investors who want a steady stream of cash should note that this fund has a 0% distribution yield. Additionally, while some investors worry about "NAV erosion"—which is when the value of the fund's underlying assets declines over time—there is not enough price history available for this specific ETF to provide an erosion-risk score. Always remember that a high yield in other funds can be misleading if the share price is falling, though that is not a factor here since this fund pays no distributions.