ARMG vs. ASMG

Last updated Aug 2, 2026

ARMG (Leverage Shares 2X Long ARM Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, ARMG returned 59.59% vs 307.23% for ASMG. Their 0.54 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

ARMG vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ARM Daily ETF (ARMG) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARMG achieves a 190.00% return, which is significantly higher than ASMG's 86.81% return.

ARMG

• 1D: -1.25%
• 1M: -46.26%
• 6M: 220.35%
• YTD: 190.00%
• 1Y: 59.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.32%

ASMG

• 1D: -2.63%
• 1M: -17.29%
• 6M: 9.24%
• YTD: 86.81%
• 1Y: 307.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARMG Leverage Shares 2X Long ARM Daily ETF	$14.17M	$20.37M	$65.80M
ASMG Leverage Shares 2X Long ASML Daily ETF	$3.03M	$5.30M	$5.99M

ARMG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	190.00%	-62.65%
ASMG Leverage Shares 2X Long ASML Daily ETF	86.81%	62.68%

Correlation

The correlation between ARMG and ASMG is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.54

The correlation between ARMG and ASMG has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.

Return for Risk

ARMG vs. ASMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ARMG

ARMG Risk / Return Rank: 29
ARMG Sharpe Ratio Rank: 19
ARMG Sortino Ratio Rank: 45
ARMG Omega Ratio Rank: 41
ARMG Calmar Ratio Rank: 23
ARMG Martin Ratio Rank: 20

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 90
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARMG vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ARM Daily ETF (ARMG) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	ARMG	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	0.35	3.29	-2.95
Sortino ratio: Return per unit of downside risk	1.63	3.13	-1.50
Omega ratio: Gain probability vs. loss probability	1.19	1.38	-0.18
Calmar ratio: Return relative to maximum drawdown	0.66	7.35	-6.69
Martin ratio: Return relative to average drawdown	1.23	22.78	-21.54

ARMG vs. ASMG - Sharpe Ratio Comparison

The current ARMG Sharpe Ratio is 0.35, which is lower than the ASMG Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of ARMG and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARMG vs. ASMG - Drawdown Comparison

The maximum ARMG drawdown since its inception was -80.28%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for ARMG and ASMG.

Drawdown Indicators

	ARMG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-80.28%	-43.95%	-36.33%
Max Drawdown (1Y) Largest decline over 1 year	-76.64%	-41.10%	-35.54%
Current Drawdown Current decline from peak	-73.55%	-35.29%	-38.26%
Average Drawdown Average peak-to-trough decline	-52.13%	-13.54%	-38.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.08%	13.24%	+27.84%

Volatility

ARMG vs. ASMG - Volatility Comparison

Leverage Shares 2X Long ARM Daily ETF (ARMG) has a higher volatility of 50.86% compared to Leverage Shares 2X Long ASML Daily ETF (ASMG) at 29.36%. This indicates that ARMG's price experiences larger fluctuations and is considered to be riskier than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARMG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	50.86%	29.36%	+21.50%
Volatility (6M) Calculated over the trailing 6-month period	128.29%	74.68%	+53.61%
Volatility (1Y) Calculated over the trailing 1-year period	149.49%	92.16%	+57.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.42%	89.81%	+55.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.42%	89.81%	+55.61%

ARMG vs. ASMG - Expense Ratio Comparison

Both ARMG and ASMG have an expense ratio of 0.75%.

Dividends

ARMG vs. ASMG - Dividend Comparison

ARMG's dividend yield for the trailing twelve months is around 1.68%, less than ASMG's 6.00% yield.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	1.68%	4.86%
ASMG Leverage Shares 2X Long ASML Daily ETF	6.00%	11.20%

Frequently Asked Questions

Can I hold both ARMG and ASMG in my portfolio?

ARMG and ASMG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARMG or ASMG?

ARMG has higher volatility (50.86%) compared to ASMG (29.36%). In terms of maximum drawdown, ARMG dropped -80.28% vs ASMG's -43.95%.

Which ETF is better, ARMG or ASMG?

On 1-year performance, ASMG leads with 307.23% vs 59.59% for ARMG. Both ETFs have the same 0.75% expense ratio. On volatility, ASMG has been the lower-risk option at 29.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARMG or ASMG?

Over the 1-year period, ASMG has performed better with a 307.23% return vs 59.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARMG or ASMG?

ARMG and ASMG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ARMG or ASMG?

ASMG has the higher dividend yield at 6.00%, compared with 1.68% for ARMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.29 vs 0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.