ALBG vs. AMA

Last updated Jul 18, 2026

ALBG (Leverage Shares 2X Long ALB Daily ETF) and AMA (Defiance Daily Target 2X Long AMAT ETF) are both Leveraged Equities funds. ALBG is passively managed, while AMA is actively managed. At a 0.21 correlation, their price movements are largely independent. ALBG charges 0.75%/yr vs 1.29%/yr for AMA.

Performance

ALBG vs. AMA - Performance Comparison

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

Returns By Period

ALBG

• 1D: 2.18%
• 1M: -49.00%
• 6M: -57.04%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMA

• 1D: -10.80%
• 1M: -27.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALBG vs. AMA - Yearly Performance Comparison

	2026 (YTD)
ALBG Leverage Shares 2X Long ALB Daily ETF	-53.42%
AMA Defiance Daily Target 2X Long AMAT ETF	22.90%

Correlation

The correlation between ALBG and AMA is 0.21, 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 May 26, 2026	0.21

Return for Risk

ALBG vs. AMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ALB Daily ETF (ALBG) and Defiance Daily Target 2X Long AMAT ETF (AMA). 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

ALBG vs. AMA - Drawdown Comparison

The maximum ALBG drawdown since its inception was -72.29%, which is greater than AMA's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for ALBG and AMA.

Drawdown Indicators

	ALBG	AMA	Difference
Max Drawdown Largest peak-to-trough decline	-72.29%	-48.88%	-23.41%
Current Drawdown Current decline from peak	-71.68%	-48.88%	-22.80%
Average Drawdown Average peak-to-trough decline	-31.86%	-14.45%	-17.41%

Volatility

Volatility by Period

	ALBG	AMA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	119.88%	182.56%	-62.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.88%	182.56%	-62.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.88%	182.56%	-62.68%

ALBG vs. AMA - Expense Ratio Comparison

ALBG has a 0.75% expense ratio, which is lower than AMA's 1.29% expense ratio.

Dividends

ALBG vs. AMA - Dividend Comparison

Neither ALBG nor AMA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ALBG and AMA in my portfolio?

ALBG and AMA have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALBG or AMA?

On fees, ALBG 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, ALBG or AMA?

ALBG is cheaper with a 0.75% expense ratio, compared with 1.29% for AMA.

Which ETF pays a higher dividend yield, ALBG or AMA?

ALBG and AMA have nearly identical dividend yields, around 0.00%.

What is the main difference between ALBG and AMA?

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