AMA vs. PYPG
AMA (Defiance Daily Target 2X Long AMAT ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.36, they often move in opposite directions. AMA charges 1.29%/yr vs 0.75%/yr for PYPG.
Performance
AMA vs. PYPG - Performance Comparison
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Returns By Period
AMA
- 1D
- -6.84%
- 1M
- -11.50%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMA vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AMA Defiance Daily Target 2X Long AMAT ETF | 37.78% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | 55.70% |
Correlation
The correlation between AMA and PYPG is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | -0.36 |
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Return for Risk
AMA vs. PYPG — Risk / Return Rank
AMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
AMA vs. PYPG - 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 PYPL Daily ETF (PYPG). 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 | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.71 | — |
| Martin ratioReturn relative to average drawdown | — | -1.00 | — |
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Drawdowns
AMA vs. PYPG - Drawdown Comparison
The maximum AMA drawdown since its inception was -42.98%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for AMA and PYPG.
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Drawdown Indicators
| AMA | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.98% | -79.52% | +36.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -42.70% | -61.72% | +19.02% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -41.31% | +27.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.30% | — |
Volatility
AMA vs. PYPG - Volatility Comparison
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Volatility by Period
| AMA | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 77.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 182.25% | 85.35% | +96.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 182.25% | 83.28% | +98.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 182.25% | 83.28% | +98.97% |
AMA vs. PYPG - Expense Ratio Comparison
AMA has a 1.29% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
AMA vs. PYPG - Dividend Comparison
Neither AMA nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
AMA and PYPG have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.29% for AMA.
AMA and PYPG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for AMA and 0.75% for PYPG.
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