ONG ETF — Leverage Shares 2X Long ON Daily ETF

Leverage Shares 2X Long ON Daily ETF (ONG)

Updated October 16, 2026.

ONG is an ETF linked to ON Semiconductor Corporation (ON). its expense ratio is 0.75%. Total return is -77.1% over the past 0.4 years, 33.1 points behind ON at -44.0%.

This ETF seeks to deliver twice the daily percentage change of ON Semiconductor Corporation stock through leveraged exposure and financial derivatives, making it a tool for short-term trading rather than long-term investing. The fund carries a modest expense ratio and a small asset base. It does not distribute income, and appeals primarily to experienced traders seeking amplified daily equity exposure to the semiconductor sector.

ONG performance versus ON

Price and return data through 2026-10-16.

Total return is -77.1% over the past 0.4 years, 33.1 points behind ON at -44.0%.

ONG key facts

Issuer

Leverage Shares

Asset type

ETF

Asset class

Equity

Inception date

06/02/2026

Expense ratio

0.75%

Distribution frequency

None

Last close

$3.87 (as of 2026-10-16)

AUM

$1,580,767

Average volume

6873.0

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: Leverage Shares or company page; Index: ON Semiconductor Corporation (ON); 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.

ONG risks and drawbacks

Total return has trailed ON over the available window.

Who may consider ONG — and who may not

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

More on ONG

• All tickers starting with O

Tagged: Leverage, Single, Technology.

Frequently asked questions

More securities from Leverage Shares.