ANEL vs. GRAG

Last updated Jul 12, 2026

ANEL (Defiance Daily Target 2X Long ANET ETF) and GRAG (Leverage Shares 2X Long GRAB Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. ANEL charges 1.31%/yr vs 0.75%/yr for GRAG.

Performance

ANEL vs. GRAG - Performance Comparison

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

Returns By Period

In the year-to-date period, ANEL achieves a 55.79% return, which is significantly higher than GRAG's -45.71% return.

ANEL

• 1D: 2.23%
• 1M: 25.52%
• 6M: 78.30%
• YTD: 55.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRAG

• 1D: 3.50%
• 1M: 39.46%
• 6M: -41.95%
• YTD: -45.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ANEL vs. GRAG - Yearly Performance Comparison

	2026 (YTD)	2025
ANEL Defiance Daily Target 2X Long ANET ETF	55.79%	-3.92%
GRAG Leverage Shares 2X Long GRAB Daily ETF	-45.71%	-5.79%

Correlation

The correlation between ANEL and GRAG is 0.13, 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 Dec 11, 2025	0.13

Return for Risk

ANEL vs. GRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ANET ETF (ANEL) and Leverage Shares 2X Long GRAB Daily ETF (GRAG). 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

ANEL vs. GRAG - Drawdown Comparison

The maximum ANEL drawdown since its inception was -56.57%, smaller than the maximum GRAG drawdown of -65.33%. Use the drawdown chart below to compare losses from any high point for ANEL and GRAG.

Drawdown Indicators

	ANEL	GRAG	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-65.33%	+8.76%
Current Drawdown Current decline from peak	-3.67%	-51.08%	+47.41%
Average Drawdown Average peak-to-trough decline	-27.95%	-42.73%	+14.78%

Volatility

Volatility by Period

	ANEL	GRAG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	110.07%	70.55%	+39.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.07%	70.55%	+39.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.07%	70.55%	+39.52%

ANEL vs. GRAG - Expense Ratio Comparison

ANEL has a 1.31% expense ratio, which is higher than GRAG's 0.75% expense ratio.

Dividends

ANEL vs. GRAG - Dividend Comparison

Neither ANEL nor GRAG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ANEL and GRAG in my portfolio?

ANEL and GRAG have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANEL or GRAG?

On fees, GRAG 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, ANEL or GRAG?

GRAG is cheaper with a 0.75% expense ratio, compared with 1.31% for ANEL.

Which ETF pays a higher dividend yield, ANEL or GRAG?

ANEL and GRAG have nearly identical dividend yields, around 0.00%.

What is the main difference between ANEL and GRAG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for ANEL and 0.75% for GRAG.