AALG vs. INTW

Last updated Jul 17, 2026

AALG (Leverage Shares 2X Long AAL Daily ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AALG returned 14.54% vs 833.60% for INTW. At a 0.26 correlation, their price movements are largely independent. AALG charges 0.78%/yr vs 1.50%/yr for INTW.

Performance

AALG vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AAL Daily ETF (AALG) and GraniteShares 2x Long INTC Daily ETF (INTW). 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 lower than INTW's 332.72% return.

AALG

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

INTW

• 1D: -11.89%
• 1M: -36.23%
• 6M: 160.20%
• YTD: 332.72%
• 1Y: 833.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AALG vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
AALG Leverage Shares 2X Long AAL Daily ETF	-14.63%	29.58%
INTW GraniteShares 2x Long INTC Daily ETF	332.72%	95.16%

Correlation

The correlation between AALG and INTW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.26

Return for Risk

AALG vs. INTW — 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

INTW

INTW Risk / Return Rank: 96
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 94
INTW Omega Ratio Rank: 91
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 97

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AAL Daily ETF (AALG) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	0.15	5.47	-5.31
Sortino ratio: Return per unit of downside risk	0.95	3.89	-2.94
Omega ratio: Gain probability vs. loss probability	1.11	1.48	-0.38
Calmar ratio: Return relative to maximum drawdown	0.23	15.18	-14.95
Martin ratio: Return relative to average drawdown	0.47	36.20	-35.74

AALG vs. INTW - Sharpe Ratio Comparison

The current AALG Sharpe Ratio is 0.15, which is lower than the INTW Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of AALG and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AALG vs. INTW - Drawdown Comparison

The maximum AALG drawdown since its inception was -64.19%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for AALG and INTW.

Drawdown Indicators

	AALG	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-64.19%	-60.58%	-3.61%
Max Drawdown (1Y) Largest decline over 1 year	-64.19%	-55.46%	-8.73%
Current Drawdown Current decline from peak	-27.08%	-55.46%	+28.38%
Average Drawdown Average peak-to-trough decline	-24.63%	-29.73%	+5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.31%	23.21%	+8.10%

Volatility

AALG vs. INTW - Volatility Comparison

The current volatility for Leverage Shares 2X Long AAL Daily ETF (AALG) is 25.61%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 52.06%. This indicates that AALG experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AALG	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.61%	52.06%	-26.45%
Volatility (6M) Calculated over the trailing 6-month period	72.09%	123.38%	-51.29%
Volatility (1Y) Calculated over the trailing 1-year period	96.14%	154.09%	-57.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.75%	149.56%	-53.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.75%	149.56%	-53.81%

AALG vs. INTW - Expense Ratio Comparison

AALG has a 0.78% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

AALG vs. INTW - Dividend Comparison

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

Position	TTM	2025
AALG Leverage Shares 2X Long AAL Daily ETF	1.82%	1.56%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AALG and INTW in my portfolio?

AALG and INTW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AALG or INTW?

INTW has higher volatility (52.06%) compared to AALG (25.61%). In terms of maximum drawdown, AALG dropped -64.19% vs INTW's -60.58%.

Which ETF is better, AALG or INTW?

On 1-year performance, INTW leads with 833.60% vs 14.54% for AALG. On fees, AALG is cheaper at 0.78% per year. On volatility, AALG has been the lower-risk option at 25.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AALG or INTW?

Over the 1-year period, INTW has performed better with a 833.60% return vs 14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AALG or INTW?

AALG is cheaper with a 0.78% expense ratio, compared with 1.50% for INTW.

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

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

What is the main difference between AALG and INTW?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.78% for AALG and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (5.47 vs 0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.