AALG vs. BIDG

Last updated Jul 17, 2026

AALG (Leverage Shares 2X Long AAL Daily ETF) and BIDG (Leverage Shares 2X Long BIDU Daily ETF) are both Leveraged Equities funds from Leverage Shares. AALG is actively managed, while BIDG is passively managed. At a 0.16 correlation, their price movements are largely independent. AALG charges 0.78%/yr vs 0.75%/yr for BIDG.

Performance

AALG vs. BIDG - Performance Comparison

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

Returns By Period

In the year-to-date period, AALG achieves a -14.63% return, which is significantly higher than BIDG's -38.63% return.

AALG

• 1D: -0.42%
• 1M: -3.68%
• 6M: -17.57%
• YTD: -14.63%
• 1Y: 14.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIDG

• 1D: 2.25%
• 1M: -2.29%
• 6M: -51.60%
• YTD: -38.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AALG vs. BIDG - Yearly Performance Comparison

	2026 (YTD)	2025
AALG Leverage Shares 2X Long AAL Daily ETF	-14.63%	-2.54%
BIDG Leverage Shares 2X Long BIDU Daily ETF	-38.63%	17.04%

Correlation

The correlation between AALG and BIDG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.16

Return for Risk

AALG vs. BIDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AALG

AALG Risk / Return Rank: 15
AALG Sharpe Ratio Rank: 12
AALG Sortino Ratio Rank: 21
AALG Omega Ratio Rank: 19
AALG Calmar Ratio Rank: 12
AALG Martin Ratio Rank: 12

BIDG

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AALG vs. BIDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AAL Daily ETF (AALG) and Leverage Shares 2X Long BIDU Daily ETF (BIDG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AALG	BIDG	Difference
Sharpe ratio: Return per unit of total volatility	0.15	—	—
Sortino ratio: Return per unit of downside risk	0.95	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.23	—	—
Martin ratio: Return relative to average drawdown	0.47	—	—

Drawdowns

AALG vs. BIDG - Drawdown Comparison

The maximum AALG drawdown since its inception was -64.19%, roughly equal to the maximum BIDG drawdown of -64.84%. Use the drawdown chart below to compare losses from any high point for AALG and BIDG.

Drawdown Indicators

	AALG	BIDG	Difference
Max Drawdown Largest peak-to-trough decline	-64.19%	-64.84%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-64.19%	—	—
Current Drawdown Current decline from peak	-27.08%	-59.16%	+32.08%
Average Drawdown Average peak-to-trough decline	-24.63%	-37.10%	+12.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.31%	—	—

Volatility

Volatility by Period

	AALG	BIDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	72.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	96.14%	102.92%	-6.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.75%	102.92%	-7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.75%	102.92%	-7.17%

AALG vs. BIDG - Expense Ratio Comparison

AALG has a 0.78% expense ratio, which is higher than BIDG's 0.75% expense ratio.

Dividends

AALG vs. BIDG - Dividend Comparison

AALG's dividend yield for the trailing twelve months is around 1.82%, while BIDG has not paid dividends to shareholders.

Position	TTM	2025
AALG Leverage Shares 2X Long AAL Daily ETF	1.82%	1.56%
BIDG Leverage Shares 2X Long BIDU Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AALG and BIDG in my portfolio?

AALG and BIDG have a correlation of 0.16, 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 BIDG?

On fees, BIDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AALG or BIDG?

BIDG is cheaper with a 0.75% expense ratio, compared with 0.78% for AALG.

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

AALG has the higher dividend yield at 1.82%, compared with 0.00% for BIDG.

What is the main difference between AALG and BIDG?

Their fees differ too: 0.78% for AALG and 0.75% for BIDG.