ADBG vs. ARMG

Last updated Jun 23, 2026

ADBG (Leverage Shares 2X Long ADBE Daily ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, ADBG returned -79.49% vs 343.67% for ARMG. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ADBG vs. ARMG - Performance Comparison

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

Returns By Period

In the year-to-date period, ADBG achieves a -73.48% return, which is significantly lower than ARMG's 837.72% return.

ADBG

• 1D: -0.73%
• 1M: -39.24%
• YTD: -73.48%
• 6M: -74.65%
• 1Y: -79.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -14.47%
• 1M: 56.79%
• YTD: 837.72%
• 6M: 769.43%
• 1Y: 343.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADBG vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-73.48%	-29.61%
ARMG Leverage Shares 2X Long ARM Daily ETF	837.72%	-40.35%

Correlation

The correlation between ADBG and ARMG is 0.04, 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 (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.15

The correlation between ADBG and ARMG shifts across timeframes, from 0.04 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ADBG vs. ARMG — Risk / Return Rank

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

ADBG

ADBG Risk / Return Rank: 0
ADBG Sharpe Ratio Rank: 1
ADBG Sortino Ratio Rank: 0
ADBG Omega Ratio Rank: 0
ADBG Calmar Ratio Rank: 1
ADBG Martin Ratio Rank: 0

ARMG

ARMG Risk / Return Rank: 71
ARMG Sharpe Ratio Rank: 81
ARMG Sortino Ratio Rank: 69
ARMG Omega Ratio Rank: 66
ARMG Calmar Ratio Rank: 89
ARMG Martin Ratio Rank: 53

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.

ADBG vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	ADBG	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	2.48	-3.63
Sortino ratio: Return per unit of downside risk	-2.44	3.02	-5.46
Omega ratio: Gain probability vs. loss probability	0.71	1.38	-0.67
Calmar ratio: Return relative to maximum drawdown	-0.98	5.08	-6.07
Martin ratio: Return relative to average drawdown	-1.70	8.87	-10.57

ADBG vs. ARMG - Sharpe Ratio Comparison

The current ADBG Sharpe Ratio is -1.15, which is lower than the ARMG Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of ADBG and ARMG, 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

ADBG vs. ARMG - Drawdown Comparison

The maximum ADBG drawdown since its inception was -83.90%, roughly equal to the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for ADBG and ARMG.

Drawdown Indicators

	ADBG	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-83.90%	-80.28%	-3.62%
Max Drawdown (1Y) Largest decline over 1 year	-80.96%	-68.13%	-12.83%
Current Drawdown Current decline from peak	-83.90%	-14.47%	-69.43%
Average Drawdown Average peak-to-trough decline	-42.93%	-51.83%	+8.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.82%	38.95%	+7.87%

Volatility

ADBG vs. ARMG - Volatility Comparison

The current volatility for Leverage Shares 2X Long ADBE Daily ETF (ADBG) is 32.27%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 71.63%. This indicates that ADBG experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADBG	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.27%	71.63%	-39.36%
Volatility (6M) Calculated over the trailing 6-month period	59.17%	114.78%	-55.61%
Volatility (1Y) Calculated over the trailing 1-year period	69.28%	140.12%	-70.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.78%	142.88%	-74.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.78%	142.88%	-74.10%

ADBG vs. ARMG - Expense Ratio Comparison

Both ADBG and ARMG have an expense ratio of 0.75%.

Dividends

ADBG vs. ARMG - Dividend Comparison

ADBG has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	0.00%	0.00%
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%

Frequently Asked Questions

Can I hold both ADBG and ARMG in my portfolio?

ADBG and ARMG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADBG or ARMG?

ARMG has higher volatility (71.63%) compared to ADBG (32.27%). In terms of maximum drawdown, ADBG dropped -83.90% vs ARMG's -80.28%.

Which ETF is better, ADBG or ARMG?

On 1-year performance, ARMG leads with 343.67% vs -79.49% for ADBG. Both ETFs have the same 0.75% expense ratio. On volatility, ADBG has been the lower-risk option at 32.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADBG or ARMG?

Over the 1-year period, ARMG has performed better with a 343.67% return vs -79.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADBG or ARMG?

ADBG and ARMG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ADBG or ARMG?

ARMG has the higher dividend yield at 0.52%, compared with 0.00% for ADBG.

Which has better risk-adjusted returns?

ARMG currently has the higher Sharpe Ratio (2.48 vs -1.15), 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.