Direxion Daily Oil Services Bull 2X Shares

'No Data'
Category: Leveraged Equities
Last Updated:
This ETF is no longer active. See active ETFs in the Leveraged Equities ETF Database Category.


Brand Direxion
Structure ETF
Expense Ratio 0.98%
ETF Home Page Home page
Inception Jan 20, 2022

Analyst Report

The Analyst Report for ONG is not available.

ETF Database Themes

Leveraged 2x
Asset Class Commodity
Region (General) North America
Region (Specific) U.S.
Commodity Type Energy
Commodity Broad
Commodity Exposure Futures-Based

FactSet Classifications

Segment Leveraged Equity: U.S. Energy Equipment & Services
Category Sector
Focus Energy
Niche Energy Equipment & Services
Strategy Vanilla
Weighting Scheme Market Cap

Trading Data

  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $16.59
  • 52 Week Hi $46.36
  • AUM $7.8 M
  • Shares 0.3 M

Historical Trading Data

  • 1 Month Avg. Volume 10,935
  • 3 Month Avg. Volume 10,589

Alternative ETFs in the ETF Database Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPUU 0.64% $310.4 M 23,957 21.24%
Largest (AUM) TQQQ 0.86% $15.5 B 93 M 107.98%
Most Liquid (Volume) TQQQ 0.86% $15.5 B 93 M 107.98%
Top YTD Performer NVDL 1.15% $207.2 M 695,363 345.92%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

ONG ETF Database Category Average FactSet Segment Average
Number of Holdings 6 111 N/A
% of Assets in Top 10 100.00% 65.81% N/A
% of Assets in Top 15 100.00% 69.47% N/A
% of Assets in Top 50 100.00% 78.58% N/A

Size Comparison

ONG ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 2.78% N/A
Mid (>2.7B) N/A 0.05% N/A
Small (>600M) N/A 0.00% N/A
Micro (<600M) N/A 0.00% N/A

ONG Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

ONG Dividend

This section compares the dividend yield of this ETF to its peers.

ONG ETF Database Category Average FactSet Segment Average
Dividend $ 0.14 $ 0.13 N/A
Dividend Date 2023-03-21 N/A N/A
Annual Dividend Rate $ 0.18 $ 0.33 N/A
Annual Dividend Yield 0.60% 0.94% N/A

ONG Price and Volume Charts

Chart data for ONG is not available.

ONG Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -1.57 M 1 Month Net Flows: -1.57 M 3 Month Net Flows: -1.57 M 6 Month Net Flows: -5.23 M 1 Year Net Flows: -4.76 M 3 Year Net Flows: 1.38 M 5 Year Net Flows: 1.38 M 10 Year Net Flows: 1.14 M

ONG Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -1.6 M
1 Month Net AUM Change: -225 K
3 Month Net AUM Change: -5.31 M
6 Month Net AUM Change: -2.26 M
1 Year Net AUM Change: -7.72 M
3 Year Net AUM Change: 7.78 M
5 Year Net AUM Change: 7.78 M
10 Year Net AUM Change: 7.78 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for ONG on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C NUGT
Expenses B+ SPUU

A+ Overall Rated ETF:

ONG Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores

ONG does not have an ESG score. There are no ESG themes that map to this ETF.

ONG Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

ONG ETF Database
Category Average
Factset Segment
1 Month Return 7.29% -4.87% 0.00%
3 Month Return -28.75% -6.60% 0.00%
YTD Return -21.77% 24.59% 0.00%
1 Year Return -26.85% 15.40% 0.00%
3 Year Return N/A 4.92% 0.00%
5 Year Return N/A -3.83% 0.00%

Geographic Exposure

The following charts reflect the geographic spread of ONG's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of ONG's underlying holdings.

ONG Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 161.73%
20 Day Volatility 64.11%
50 Day Volatility 83.75%
200 Day Volatility 80.01%
Beta 3.02
Standard Deviation 7.25%
5 Day Volatility
No Ranking Available

20 Day Volatility
No Ranking Available

50 Day Volatility
No Ranking Available

200 Day Volatility
No Ranking Available

No Ranking Available

Standard Deviation
No Ranking Available


  • 20 Day MA $29.86
  • 60 Day MA $34.72
  • MACD 15 Period -1.57
  • MACD 100 Period -6.42
  • Williams % Range 10 Day 91.06
  • Williams % Range 20 Day 48.81
  • RSI 10 Day 40
  • RSI 20 Day 43
  • RSI 30 Day 45
  • Ultimate Oscillator 49

Bollinger Bands

  • Lower Bollinger (10 Day) $29.26
  • Upper Bollinger (10 Day) $31.98
  • Lower Bollinger (20 Day) $26.47
  • Upper Bollinger (20 Day) $33.24
  • Lower Bollinger (30 Day) $25.01
  • Upper Bollinger (30 Day) $33.81

Support & Resistance

  • Support Level 1 $28.53
  • Support Level 2 $28.08
  • Resistance Level 1 $29.58
  • Resistance Level 2 $30.19


  • Stochastic Oscillator %D (1 Day) 59.68
  • Stochastic Oscillator %D (5 Day) 33.96
  • Stochastic Oscillator %K (1 Day) 60.74
  • Stochastic Oscillator %K (5 Day) 46.31


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) -0.21
  • Maximum Premium Discount (%) 8.90
  • Average Spread (%) n/a
  • Average Spread ($) n/a

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.


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