ONG vs SCHD
Leverage Shares 2X Long ON Daily ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | ONG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | |
| AUM | $1M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 31 | 104 | |
| YTD Return | -69.56% | +25.33% | |
| 1Y Return | -69.56% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 118.4% | 13.6% | |
| Max Drawdown | -89.6% | -33.4% | |
| Fund Family | Leverage Shares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 2, 2026 | Oct 20, 2011 |
ONG vs SCHD Performance
Leverage Shares 2X Long ON Daily ETF (ONG) is a ETF from Leverage Shares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ONG returned -69.56% while SCHD returned +32.31%. Year to date, ONG is down 69.56% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
ONG has been the more volatile fund, with annualized monthly volatility of 118.4% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -89.6% for ONG and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ONG charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, ONG currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
ONG and SCHD share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ONG or SCHD?
ONG has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, ONG or SCHD?
Over the past year ONG returned -69.56% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), ONG annualized -28.79% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, ONG or SCHD?
ONG has been the more volatile fund at 118.4% annualized versus 13.6% for SCHD. Worst drawdown: ONG -89.6% vs SCHD -33.4%.
Should I hold both ONG and SCHD?
ONG and SCHD have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONG and SCHD?
ONG and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, ONG or SCHD?
ONG yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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