ONG vs VOO
Leverage Shares 2X Long ON Daily ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ONG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $1M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 31 | 509 | |
| YTD Return | -68.56% | +13.44% | |
| 1Y Return | -68.56% | +22.62% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 118.4% | 14.1% | |
| Max Drawdown | -89.6% | -34.3% | |
| Fund Family | Leverage Shares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 2, 2026 | Sep 7, 2010 |
ONG vs VOO Performance
Leverage Shares 2X Long ON Daily ETF (ONG) is a ETF from Leverage Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ONG returned -68.56% while VOO returned +22.62%. Year to date, ONG is down 68.56% versus a gain of 13.44% for VOO.
Risk: Volatility and Drawdowns
ONG has been the more volatile fund, with annualized monthly volatility of 118.4% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ONG charges 0.75% per year while VOO charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, ONG currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
ONG and VOO share 0 holdings out of 506 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 VOO?
ONG has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, ONG or VOO?
Over the past year ONG returned -68.56% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), ONG annualized -28.26% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, ONG or VOO?
ONG has been the more volatile fund at 118.4% annualized versus 14.1% for VOO. Worst drawdown: ONG -89.6% vs VOO -34.3%.
Should I hold both ONG and VOO?
ONG and VOO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONG and VOO?
ONG and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, ONG or VOO?
ONG yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.