AALG vs. BEX

Last updated Jun 4, 2026

AALG (Leverage Shares 2X Long AAL Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. AALG charges 0.78%/yr vs 1.30%/yr for BEX.

Performance

AALG vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AAL Daily ETF (AALG) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AALG

• 1D: -4.84%
• 1M: 28.23%
• YTD: -32.60%
• 6M: -26.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: -10.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AALG vs. BEX - Yearly Performance Comparison

	2026 (YTD)
AALG Leverage Shares 2X Long AAL Daily ETF	-16.68%
BEX Tradr 2X Long BE Daily ETF	-11.47%

Correlation

The correlation between AALG and BEX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.09

Return for Risk

AALG vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AAL Daily ETF (AALG) and Tradr 2X Long BE Daily ETF (BEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AALG	BEX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	-0.59	+0.48

Drawdowns

AALG vs. BEX - Drawdown Comparison

The maximum AALG drawdown since its inception was -64.19%, which is greater than BEX's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for AALG and BEX.

Drawdown Indicators

	AALG	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-64.19%	-18.65%	-45.54%
Current Drawdown Current decline from peak	-40.39%	-11.47%	-28.92%
Average Drawdown Average peak-to-trough decline	-25.40%	-9.41%	-15.99%

Volatility

Volatility by Period

	AALG	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	95.00%	184.67%	-89.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.00%	184.67%	-89.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.00%	184.67%	-89.67%

AALG vs. BEX - Expense Ratio Comparison

AALG has a 0.78% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

AALG vs. BEX - Dividend Comparison

AALG's dividend yield for the trailing twelve months is around 2.31%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
AALG Leverage Shares 2X Long AAL Daily ETF	2.31%	1.56%
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AALG and BEX in my portfolio?

AALG and BEX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AALG or BEX?

On fees, AALG is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AALG or BEX?

AALG is cheaper with a 0.78% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, AALG or BEX?

AALG has the higher dividend yield at 2.31%, compared with 0.00% for BEX.

What is the main difference between AALG and BEX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.78% for AALG and 1.30% for BEX.