TMNL vs ONDG
Comparison between T. ROWE PRICE LONG MUNICIPAL INCOME ETF (TMNL, ETF) and Leverage Shares 2X Long ONDS Daily ETF (ONDG, ETF).
TMNL vs ONDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TMNL
$23M
Winner
ONDG
$23M
Expense Ratio
TMNL
0.26%
ONDG
N/A
Max Drawdown
Winner
TMNL
3.18%
ONDG
87.92%
Sharpe Ratio
Winner
TMNL
-0.04
ONDG
-0.75
5Y Beta
Winner
TMNL
0.13
ONDG
5.99
TMNL vs ONDG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TMNL
-0.76%
ONDG
-30.53%
3M
Winner
TMNL
+0.27%
ONDG
-63.65%
6M
Winner
TMNL
+1.48%
ONDG
-79.41%
Max(CAGR)
Winner
TMNL
+3.51%
ONDG
-96.93%
TMNL vs ONDG - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | TMNL | ONDG |
|---|---|---|
| 2026 | +1.90% | -83.51% |
| 2025 | +0.34% | N/A |
TMNL vs ONDG Drawdown Comparison
The maximum drawdown for TMNL was -2.94%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The maximum drawdown for ONDG was -87.92%, occurring on Jul 17, 2026. This drawdown has not yet recovered.
The current TMNL drawdown is -1.36%. The current ONDG drawdown is -83.51%.
| Rank | TMNL | ONDG |
|---|---|---|
| #1 | -2.94% Feb 26, 2026 - Jun 1, 2026 | -87.92% Jan 13, 2026 - Jul 17, 2026 |
| #2 | -1.36% Jul 6, 2026 - Jul 21, 2026 | N/A |
| #3 | -0.56% Nov 26, 2025 - Jan 5, 2026 | N/A |
| #4 | -0.54% Jan 14, 2026 - Jan 30, 2026 | N/A |
| #5 | -0.44% Jun 4, 2026 - Jun 16, 2026 | N/A |
| #6 | -0.27% Jun 16, 2026 - Jun 18, 2026 | N/A |
| #7 | -0.25% Jan 9, 2026 - Jan 14, 2026 | N/A |
| #8 | -0.22% Feb 10, 2026 - Feb 12, 2026 | N/A |
| #9 | -0.20% Jun 2, 2026 - Jun 4, 2026 | N/A |
| #10 | -0.16% Jan 7, 2026 - Jan 9, 2026 | N/A |
| #11 | -0.15% Feb 5, 2026 - Feb 9, 2026 | N/A |
| #12 | -0.13% Jun 29, 2026 - Jul 2, 2026 | N/A |
| #13 | -0.08% Feb 2, 2026 - Feb 5, 2026 | N/A |
| #14 | -0.08% Feb 24, 2026 - Feb 26, 2026 | N/A |
| #15 | -0.07% Jun 22, 2026 - Jun 24, 2026 | N/A |
Correlation
Correlation between TMNL and ONDG is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.28
-101
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