APHU vs. USGG

Last updated Jun 5, 2026

APHU (T-REX 2X Long APH Daily Target ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds - APHU tracks the Amphenol Corporation (APH) while USGG tracks the USA Rare Earth, Inc. (USAR). Both are passively managed. At a 0.34 correlation, their price movements are largely independent. APHU charges 1.50%/yr vs 0.75%/yr for USGG.

Performance

APHU vs. USGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long APH Daily Target ETF (APHU) and Leverage Shares 2X Long USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APHU

• 1D: -1.81%
• 1M: 11.66%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USGG

• 1D: -6.46%
• 1M: -12.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APHU vs. USGG - Yearly Performance Comparison

	2026 (YTD)
APHU T-REX 2X Long APH Daily Target ETF	-10.94%
USGG Leverage Shares 2X Long USAR Daily ETF	54.31%

Correlation

The correlation between APHU and USGG is 0.34, 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 Feb 19, 2026	0.34

Return for Risk

APHU vs. USGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long APH Daily Target ETF (APHU) and Leverage Shares 2X Long USAR Daily ETF (USGG). 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.

Sharpe Ratios by Period

	APHU	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.90	-1.25

Drawdowns

APHU vs. USGG - Drawdown Comparison

The maximum APHU drawdown since its inception was -43.51%, smaller than the maximum USGG drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for APHU and USGG.

Drawdown Indicators

	APHU	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	-77.74%	+34.23%
Current Drawdown Current decline from peak	-16.13%	-36.76%	+20.63%
Average Drawdown Average peak-to-trough decline	-22.03%	-45.97%	+23.94%

Volatility

Volatility by Period

	APHU	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	93.15%	224.53%	-131.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.15%	224.53%	-131.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.15%	224.53%	-131.38%

APHU vs. USGG - Expense Ratio Comparison

APHU has a 1.50% expense ratio, which is higher than USGG's 0.75% expense ratio.

Dividends

APHU vs. USGG - Dividend Comparison

Neither APHU nor USGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APHU and USGG in my portfolio?

APHU and USGG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APHU or USGG?

On fees, USGG 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, APHU or USGG?

USGG is cheaper with a 0.75% expense ratio, compared with 1.50% for APHU.

Which ETF pays a higher dividend yield, APHU or USGG?

APHU and USGG have nearly identical dividend yields, around 0.00%.

What is the main difference between APHU and USGG?

APHU tracks Amphenol Corporation (APH), while USGG tracks USA Rare Earth, Inc. (USAR). They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for APHU and 0.75% for USGG.