ONDL ETF — Defiance Daily Target 2X Long ONDS ETF

Defiance Daily Target 2X Long ONDS ETF (ONDL)

Updated October 16, 2026.

ONDL is an ETF linked to Ondas Holdings (ONDS). its expense ratio is 1.32%. Total return is -84.8% over the past 0.8 years, 52.0 points behind ONDS at -32.8%.

Defiance Daily Target 2X Long ONDS ETF is an actively managed, non-diversified ETF that seeks to deliver twice the daily percentage change of Ondas Holdings stock through the use of derivatives including swap agreements and listed options contracts. The fund carries a 1.32% expense ratio and does not have a standard distribution frequency. This leveraged product is designed for traders seeking short-term directional exposure to ONDS rather than long-term income investors, and involves substantially higher risk than holding the underlying stock due to its use of leverage and daily rebalancing mechanics.

ONDL performance versus ONDS

Price and return data through 2026-10-16.

Total return is -84.8% over the past 0.8 years, 52.0 points behind ONDS at -32.8%.

ONDL key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

12/29/2025

Expense ratio

1.32%

Distribution frequency

None

Last close

$3.41 (as of 2026-10-16)

AUM

$27,143,320

Average volume

771162.0

Beta

6.7069

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: Ondas Holdings (ONDS); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ONDL risks and drawbacks

Total return has trailed ONDS over the available window.

Who may consider ONDL — and who may not

It is a weaker fit for investors who need monthly cash flow (ONDL does not currently distribute); investors whose main goal is matching ONDS total return. This is educational context, not a recommendation to buy or sell.

More on ONDL

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Tagged: Leverage.

Frequently asked questions

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