ABNG vs. SOUX

Last updated Jul 12, 2026

ABNG (Leverage Shares 2x Long ABNB Daily ETF) and SOUX (Defiance Daily Target 2X Long SOUN ETF) are both Leveraged Equities funds. At a 0.39 correlation, their price movements are largely independent. ABNG charges 0.75%/yr vs 1.29%/yr for SOUX.

Performance

ABNG vs. SOUX - Performance Comparison

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

Returns By Period

In the year-to-date period, ABNG achieves a 6.24% return, which is significantly higher than SOUX's -72.54% return.

ABNG

• 1D: 2.65%
• 1M: 24.33%
• 6M: 1.61%
• YTD: 6.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOUX

• 1D: -1.50%
• 1M: -12.67%
• 6M: -79.94%
• YTD: -72.54%
• 1Y: -87.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ABNG vs. SOUX - Yearly Performance Comparison

	2026 (YTD)	2025
ABNG Leverage Shares 2x Long ABNB Daily ETF	6.24%	23.24%
SOUX Defiance Daily Target 2X Long SOUN ETF	-72.54%	-39.16%

Correlation

The correlation between ABNG and SOUX is 0.39, 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 Nov 17, 2025	0.39

Return for Risk

ABNG vs. SOUX — Risk / Return Rank

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

ABNG

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

SOUX

SOUX Risk / Return Rank: 3
SOUX Sharpe Ratio Rank: 5
SOUX Sortino Ratio Rank: 3
SOUX Omega Ratio Rank: 4
SOUX Calmar Ratio Rank: 1
SOUX Martin Ratio Rank: 3

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.

ABNG vs. SOUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long ABNB Daily ETF (ABNG) and Defiance Daily Target 2X Long SOUN ETF (SOUX). 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.

	ABNG	SOUX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.56	—
Sortino ratio: Return per unit of downside risk	—	-0.98	—
Omega ratio: Gain probability vs. loss probability	—	0.90	—
Calmar ratio: Return relative to maximum drawdown	—	-0.93	—
Martin ratio: Return relative to average drawdown	—	-1.23	—

Drawdowns

ABNG vs. SOUX - Drawdown Comparison

The maximum ABNG drawdown since its inception was -33.03%, smaller than the maximum SOUX drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for ABNG and SOUX.

Drawdown Indicators

	ABNG	SOUX	Difference
Max Drawdown Largest peak-to-trough decline	-33.03%	-95.67%	+62.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-95.67%	—
Current Drawdown Current decline from peak	-0.86%	-95.16%	+94.30%
Average Drawdown Average peak-to-trough decline	-11.64%	-62.66%	+51.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	72.58%	—

Volatility

Volatility by Period

	ABNG	SOUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	104.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	64.03%	158.99%	-94.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.03%	159.42%	-95.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.03%	159.42%	-95.39%

ABNG vs. SOUX - Expense Ratio Comparison

ABNG has a 0.75% expense ratio, which is lower than SOUX's 1.29% expense ratio.

Dividends

ABNG vs. SOUX - Dividend Comparison

ABNG has not paid dividends to shareholders, while SOUX's dividend yield for the trailing twelve months is around 73.90%.

Position	TTM	2025
ABNG Leverage Shares 2x Long ABNB Daily ETF	0.00%	0.00%
SOUX Defiance Daily Target 2X Long SOUN ETF	73.90%	20.29%

Frequently Asked Questions

Can I hold both ABNG and SOUX in my portfolio?

ABNG and SOUX have a correlation of 0.39, 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 SOUX?

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 SOUX?

ABNG is cheaper with a 0.75% expense ratio, compared with 1.29% for SOUX.

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

SOUX has the higher dividend yield at 73.90%, compared with 0.00% for ABNG.

What is the main difference between ABNG and SOUX?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for ABNG and 1.29% for SOUX.