AMA vs. ASMG

Last updated Jul 21, 2026

AMA (Defiance Daily Target 2X Long AMAT ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. AMA charges 1.29%/yr vs 0.75%/yr for ASMG.

Performance

AMA vs. ASMG - Performance Comparison

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

Returns By Period

AMA

• 1D: -1.48%
• 1M: -33.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASMG

• 1D: -0.55%
• 1M: -22.09%
• 6M: 36.89%
• YTD: 115.67%
• 1Y: 312.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 129.46%

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

AMA vs. ASMG - Yearly Performance Comparison

	2026 (YTD)
AMA Defiance Daily Target 2X Long AMAT ETF	21.09%
ASMG Leverage Shares 2X Long ASML Daily ETF	5.36%

Correlation

The correlation between AMA and ASMG is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.85

Return for Risk

AMA vs. ASMG — Risk / Return Rank

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

AMA

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

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 90
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 98
ASMG Martin Ratio Rank: 96

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.

AMA vs. ASMG - Risk-Adjusted Trends Comparison

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

	AMA	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	—	3.50	—
Sortino ratio: Return per unit of downside risk	—	3.23	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	9.11	—
Martin ratio: Return relative to average drawdown	—	26.17	—

Drawdowns

AMA vs. ASMG - Drawdown Comparison

The maximum AMA drawdown since its inception was -49.64%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for AMA and ASMG.

Drawdown Indicators

	AMA	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-49.64%	-43.95%	-5.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	-49.64%	-25.29%	-24.35%
Average Drawdown Average peak-to-trough decline	-15.38%	-13.16%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.06%	—

Volatility

Volatility by Period

	AMA	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	36.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	72.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	180.21%	90.20%	+90.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	180.21%	89.08%	+91.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	180.21%	89.08%	+91.13%

AMA vs. ASMG - Expense Ratio Comparison

AMA has a 1.29% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

AMA vs. ASMG - Dividend Comparison

AMA has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 5.20%.

Position	TTM	2025
AMA Defiance Daily Target 2X Long AMAT ETF	0.00%	0.00%
ASMG Leverage Shares 2X Long ASML Daily ETF	5.20%	11.20%

Frequently Asked Questions

Can I hold both AMA and ASMG in my portfolio?

AMA and ASMG have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMA or ASMG?

On fees, ASMG 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, AMA or ASMG?

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

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

ASMG has the higher dividend yield at 5.20%, compared with 0.00% for AMA.

What is the main difference between AMA and ASMG?

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