Key stats
About Defiance Daily Target 2X Long ONDS ETF
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Inception date
Dec 29, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US88636X6581
ONDL uses swap agreements to make bullish bets on the Ondas Holdings, Inc. (NYSE: ONDS) share price. Ondas Holdings engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in ONDS share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. ONDL could potentially lose value over time, even if ONDS' performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash85.39%
Mutual fund8.08%
Government6.53%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
ONDL assets under management is 33.87 M USD. It's fallen 31.94% over the last month.
ONDL fund flows account for 85.92 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ONDL doesn't pay dividends to its holders.
ONDL shares are issued by TFG Parent Holdings LLC under the brand Defiance. The ETF was launched on Dec 29, 2025, and its management style is Active.
ONDL expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
ONDL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ONDL invests in cash.
ONDL price has fallen by −26.41% over the last month, and its yearly performance shows a −19.87% decrease. See more dynamics on ONDL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −21.31% over the last month, showed a −67.49% decrease in three-month performance and has decreased by −38.45% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −21.31% over the last month, showed a −67.49% decrease in three-month performance and has decreased by −38.45% in a year.
ONDL trades at a premium (0.44%) meaning the ETF is trading at a higher price than the calculated NAV.