---
ticker: "ONG"
name: "Leverage Shares 2X Long ON Daily ETF"
url: "https://etf.net/etf/ONG"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "Single-Stock Long Leveraged"
category_rank: "131 of 380"
methodology: "https://etf.net/methodology"
---

# ONG: Leverage Shares 2X Long ON Daily ETF

Grade **C**, Score 40 of 100. Rank 131 of 380 in Single-Stock Long Leveraged.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 67 | 87 of 380 |
| Mission | Not scored | — |
| Risk | 27 | 300 of 363 |
| Tradability | 53 | 156 of 380 |
| Holdings | Not scored | — |
| Durability | 35 | 261 of 380 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | On Semiconductor Corporation-Swap-Mrex-L | 110.10% |
| 2 | — | On Semiconductor Corporation-Swap-Clst-L | 89.90% |
| 3 | — | First American Treasury Obligations Fund 01/01/2040 | 7.26% |

Source: etf.net, https://etf.net/etf/ONG. Please cite the page URL.