ANEL vs. SPOG
ANEL (Defiance Daily Target 2X Long ANET ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. ANEL charges 1.31%/yr vs 0.75%/yr for SPOG.
Performance
ANEL vs. SPOG - Performance Comparison
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Returns By Period
In the year-to-date period, ANEL achieves a 30.41% return, which is significantly higher than SPOG's -40.37% return.
ANEL
- 1D
- -10.20%
- 1M
- -10.70%
- YTD
- 30.41%
- 6M
- 32.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG
- 1D
- 1.97%
- 1M
- 33.09%
- YTD
- -40.37%
- 6M
- -36.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ANEL vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ANEL Defiance Daily Target 2X Long ANET ETF | 30.41% | 2.72% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.37% | -19.53% |
Correlation
The correlation between ANEL and SPOG is 0.28, 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 Nov 18, 2025 | 0.28 |
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Return for Risk
ANEL vs. SPOG - 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 SPOT Daily ETF (SPOG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ANEL | SPOG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | -0.72 | +0.72 |
Drawdowns
ANEL vs. SPOG - Drawdown Comparison
The maximum ANEL drawdown since its inception was -56.57%, smaller than the maximum SPOG drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for ANEL and SPOG.
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Drawdown Indicators
| ANEL | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -64.41% | +7.84% |
Current DrawdownCurrent decline from peak | -19.37% | -52.02% | +32.65% |
Average DrawdownAverage peak-to-trough decline | -28.90% | -40.51% | +11.61% |
Volatility
ANEL vs. SPOG - Volatility Comparison
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Volatility by Period
| ANEL | SPOG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 107.46% | 103.50% | +3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.46% | 103.50% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.46% | 103.50% | +3.96% |
ANEL vs. SPOG - Expense Ratio Comparison
ANEL has a 1.31% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
ANEL vs. SPOG - Dividend Comparison
Neither ANEL nor SPOG has paid dividends to shareholders.
Frequently Asked Questions
ANEL and SPOG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 1.31% for ANEL.
ANEL and SPOG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for ANEL and 0.75% for SPOG.
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