ONGDirexion Daily Oil Services Bull 2X Shares
Seeks daily investment results of 200% of the daily performance of the Index.
By Themes ETF Trust · Launched 2026
0.75%
#3,851 of 5,756 · average
$2M
#5,472 of 5,756 · small
-84.6%
1 month
#5,567 of 5,756 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Sector
EnergyIndex tracked
MVIS US Listed Oil Services 25 Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of the Index.
- Strategy
- Invests primarily in common stocks of companies providing services to the oil industry, targeting daily investment results of 200% of the Index's performance. Concentrates in the energy sector, with a median market cap of $2.9 billion, and utilizes derivatives for leveraged exposure.
- Inception date
- June 1, 2026
- Fund family
- Themes ETF Trust
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Your return drifts the longer you hold
Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-07-22