ADBG vs. SOFX

Last updated Jul 14, 2026

ADBG (Leverage Shares 2X Long ADBE Daily ETF) and SOFX (Defiance Daily Target 2X Long SOFI ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, ADBG returned -69.16% vs -57.63% for SOFX. At a 0.26 correlation, their price movements are largely independent. ADBG charges 0.75%/yr vs 1.29%/yr for SOFX.

Performance

ADBG vs. SOFX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with ADBG having a -63.31% return and SOFX slightly lower at -63.64%.

ADBG

• 1D: 6.23%
• 1M: 25.00%
• 6M: -57.82%
• YTD: -63.31%
• 1Y: -69.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOFX

• 1D: -7.19%
• 1M: 15.29%
• 6M: -64.10%
• YTD: -63.64%
• 1Y: -57.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADBG vs. SOFX - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-63.31%	-29.61%
SOFX Defiance Daily Target 2X Long SOFI ETF	-63.64%	167.66%

Correlation

The correlation between ADBG and SOFX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.26

Return for Risk

ADBG vs. SOFX — Risk / Return Rank

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

ADBG

ADBG Risk / Return Rank: 1
ADBG Sharpe Ratio Rank: 2
ADBG Sortino Ratio Rank: 1
ADBG Omega Ratio Rank: 1
ADBG Calmar Ratio Rank: 2
ADBG Martin Ratio Rank: 1

SOFX

SOFX Risk / Return Rank: 5
SOFX Sharpe Ratio Rank: 5
SOFX Sortino Ratio Rank: 6
SOFX Omega Ratio Rank: 6
SOFX Calmar Ratio Rank: 4
SOFX Martin Ratio Rank: 4

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. SOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Defiance Daily Target 2X Long SOFI ETF (SOFX). 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	SOFX	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	-0.52	-0.46
Sortino ratio: Return per unit of downside risk	-1.70	-0.28	-1.42
Omega ratio: Gain probability vs. loss probability	0.80	0.97	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.88	-0.69	-0.18
Martin ratio: Return relative to average drawdown	-1.51	-1.07	-0.44

ADBG vs. SOFX - Sharpe Ratio Comparison

The current ADBG Sharpe Ratio is -0.98, which is lower than the SOFX Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of ADBG and SOFX, 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. SOFX - Drawdown Comparison

The maximum ADBG drawdown since its inception was -84.14%, roughly equal to the maximum SOFX drawdown of -83.23%. Use the drawdown chart below to compare losses from any high point for ADBG and SOFX.

Drawdown Indicators

	ADBG	SOFX	Difference
Max Drawdown Largest peak-to-trough decline	-84.14%	-83.23%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-78.97%	-83.23%	+4.26%
Current Drawdown Current decline from peak	-77.72%	-77.96%	+0.24%
Average Drawdown Average peak-to-trough decline	-44.55%	-44.78%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.66%	53.67%	-8.01%

Volatility

ADBG vs. SOFX - Volatility Comparison

Leverage Shares 2X Long ADBE Daily ETF (ADBG) has a higher volatility of 28.99% compared to Defiance Daily Target 2X Long SOFI ETF (SOFX) at 25.57%. This indicates that ADBG's price experiences larger fluctuations and is considered to be riskier than SOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADBG	SOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.99%	25.57%	+3.42%
Volatility (6M) Calculated over the trailing 6-month period	61.05%	76.28%	-15.23%
Volatility (1Y) Calculated over the trailing 1-year period	70.76%	110.74%	-39.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.07%	120.67%	-51.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.07%	120.67%	-51.60%

ADBG vs. SOFX - Expense Ratio Comparison

ADBG has a 0.75% expense ratio, which is lower than SOFX's 1.29% expense ratio.

Dividends

ADBG vs. SOFX - Dividend Comparison

ADBG has not paid dividends to shareholders, while SOFX's dividend yield for the trailing twelve months is around 34.83%.

Position	TTM	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	0.00%	0.00%
SOFX Defiance Daily Target 2X Long SOFI ETF	34.83%	12.67%

Frequently Asked Questions

Can I hold both ADBG and SOFX in my portfolio?

ADBG and SOFX have a correlation of 0.22, 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 SOFX?

ADBG has higher volatility (28.99%) compared to SOFX (25.57%). In terms of maximum drawdown, ADBG dropped -84.14% vs SOFX's -83.23%.

Which ETF is better, ADBG or SOFX?

On 1-year performance, SOFX leads with -57.63% vs -69.16% for ADBG. On fees, ADBG is cheaper at 0.75% per year. On volatility, SOFX has been the lower-risk option at 25.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADBG or SOFX?

Over the 1-year period, SOFX has performed better with a -57.63% return vs -69.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADBG or SOFX?

ADBG is cheaper with a 0.75% expense ratio, compared with 1.29% for SOFX.

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

SOFX has the higher dividend yield at 34.83%, compared with 0.00% for ADBG.

What is the main difference between ADBG and SOFX?

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

Which has better risk-adjusted returns?

SOFX currently has the higher Sharpe Ratio (-0.52 vs -0.98), 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.