ABNG vs. FDRX

Last updated Jun 23, 2026

ABNG (Leverage Shares 2x Long ABNB Daily ETF) and FDRX (Founder-Led 2X Daily ETF) are both Leveraged Equities funds. ABNG is actively managed, while FDRX is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. ABNG charges 0.75%/yr vs 1.08%/yr for FDRX.

Performance

ABNG vs. FDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long ABNB Daily ETF (ABNG) and Founder-Led 2X Daily ETF (FDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ABNG

• 1D: -4.57%
• 1M: 8.99%
• YTD: -5.80%
• 6M: -7.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDRX

• 1D: -2.88%
• 1M: -3.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ABNG vs. FDRX - Yearly Performance Comparison

	2026 (YTD)
ABNG Leverage Shares 2x Long ABNB Daily ETF	-0.84%
FDRX Founder-Led 2X Daily ETF	-17.04%

Correlation

The correlation between ABNG and FDRX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.60

Return for Risk

ABNG vs. FDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long ABNB Daily ETF (ABNG) and Founder-Led 2X Daily ETF (FDRX). 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.

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

Drawdowns

ABNG vs. FDRX - Drawdown Comparison

The maximum ABNG drawdown since its inception was -33.03%, smaller than the maximum FDRX drawdown of -39.78%. Use the drawdown chart below to compare losses from any high point for ABNG and FDRX.

Drawdown Indicators

	ABNG	FDRX	Difference
Max Drawdown Largest peak-to-trough decline	-33.03%	-39.78%	+6.75%
Current Drawdown Current decline from peak	-11.21%	-18.63%	+7.42%
Average Drawdown Average peak-to-trough decline	-12.31%	-19.98%	+7.67%

Volatility

Volatility by Period

	ABNG	FDRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	63.20%	58.76%	+4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.20%	58.76%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.20%	58.76%	+4.44%

ABNG vs. FDRX - Expense Ratio Comparison

ABNG has a 0.75% expense ratio, which is lower than FDRX's 1.08% expense ratio.

Dividends

ABNG vs. FDRX - Dividend Comparison

Neither ABNG nor FDRX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ABNG and FDRX in my portfolio?

ABNG and FDRX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ABNG or FDRX?

On fees, ABNG 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, ABNG or FDRX?

ABNG is cheaper with a 0.75% expense ratio, compared with 1.08% for FDRX.

Which ETF pays a higher dividend yield, ABNG or FDRX?

ABNG and FDRX have nearly identical dividend yields, around 0.00%.

What is the main difference between ABNG and FDRX?

They also come from different issuers: Leverage Shares and Corgi Strategies. Their fees differ too: 0.75% for ABNG and 1.08% for FDRX.