AMA vs. FCXG

Last updated Jul 17, 2026

AMA (Defiance Daily Target 2X Long AMAT ETF) and FCXG (Leverage Shares 2X Long FCX Daily ETF) are both Leveraged Equities funds. AMA is actively managed, while FCXG is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. AMA charges 1.29%/yr vs 0.75%/yr for FCXG.

Performance

AMA vs. FCXG - 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 FCX Daily ETF (FCXG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMA

• 1D: -6.84%
• 1M: -11.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCXG

• 1D: -8.14%
• 1M: -31.99%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMA vs. FCXG - Yearly Performance Comparison

	2026 (YTD)
AMA Defiance Daily Target 2X Long AMAT ETF	37.78%
FCXG Leverage Shares 2X Long FCX Daily ETF	-15.65%

Correlation

The correlation between AMA and FCXG is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.57

Return for Risk

AMA vs. FCXG - 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 FCX Daily ETF (FCXG). 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

AMA vs. FCXG - Drawdown Comparison

The maximum AMA drawdown since its inception was -42.98%, roughly equal to the maximum FCXG drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for AMA and FCXG.

Drawdown Indicators

	AMA	FCXG	Difference
Max Drawdown Largest peak-to-trough decline	-42.98%	-44.55%	+1.57%
Current Drawdown Current decline from peak	-42.70%	-38.76%	-3.94%
Average Drawdown Average peak-to-trough decline	-13.49%	-22.49%	+9.00%

Volatility

Volatility by Period

	AMA	FCXG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	182.25%	108.59%	+73.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.25%	108.59%	+73.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.25%	108.59%	+73.66%

AMA vs. FCXG - Expense Ratio Comparison

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

Dividends

AMA vs. FCXG - Dividend Comparison

Neither AMA nor FCXG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AMA and FCXG in my portfolio?

AMA and FCXG have a correlation of 0.57, 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 FCXG?

On fees, FCXG 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 FCXG?

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

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

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

What is the main difference between AMA and FCXG?

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