ASMG vs. ETRL

Last updated Jun 23, 2026

ASMG (Leverage Shares 2X Long ASML Daily ETF) and ETRL (GraniteShares 2x Long ETOR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. ASMG charges 0.75%/yr vs 1.50%/yr for ETRL.

Performance

ASMG vs. ETRL - Performance Comparison

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

Returns By Period

In the year-to-date period, ASMG achieves a 176.24% return, which is significantly higher than ETRL's 1.78% return.

ASMG

• 1D: -0.22%
• 1M: 34.94%
• YTD: 176.24%
• 6M: 182.30%
• 1Y: 386.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETRL

• 1D: 0.00%
• 1M: -10.53%
• YTD: 1.78%
• 6M: -5.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMG vs. ETRL - Yearly Performance Comparison

	2026 (YTD)	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	176.24%	100.27%
ETRL GraniteShares 2x Long ETOR Daily ETF	1.78%	-51.32%

Correlation

The correlation between ASMG and ETRL is 0.24, 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 Sep 3, 2025	0.24

Return for Risk

ASMG vs. ETRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASMG

ASMG Risk / Return Rank: 91
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 86
ASMG Omega Ratio Rank: 80
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 95

ETRL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASMG vs. ETRL - Risk-Adjusted Trends Comparison

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

	ASMG	ETRL	Difference
Sharpe ratio: Return per unit of total volatility	4.52	—	—
Sortino ratio: Return per unit of downside risk	3.70	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	11.26	—	—
Martin ratio: Return relative to average drawdown	28.02	—	—

Drawdowns

ASMG vs. ETRL - Drawdown Comparison

The maximum ASMG drawdown since its inception was -43.95%, smaller than the maximum ETRL drawdown of -76.63%. Use the drawdown chart below to compare losses from any high point for ASMG and ETRL.

Drawdown Indicators

	ASMG	ETRL	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-76.63%	+32.68%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	—	—
Current Drawdown Current decline from peak	-0.22%	-50.45%	+50.23%
Average Drawdown Average peak-to-trough decline	-12.91%	-47.86%	+34.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.87%	—	—

Volatility

Volatility by Period

	ASMG	ETRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	68.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	86.22%	102.93%	-16.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.79%	102.93%	-16.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.79%	102.93%	-16.14%

ASMG vs. ETRL - Expense Ratio Comparison

ASMG has a 0.75% expense ratio, which is lower than ETRL's 1.50% expense ratio.

Dividends

ASMG vs. ETRL - Dividend Comparison

ASMG's dividend yield for the trailing twelve months is around 4.06%, while ETRL has not paid dividends to shareholders.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.06%	11.20%
ETRL GraniteShares 2x Long ETOR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASMG and ETRL in my portfolio?

ASMG and ETRL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASMG or ETRL?

On fees, ASMG 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, ASMG or ETRL?

ASMG is cheaper with a 0.75% expense ratio, compared with 1.50% for ETRL.

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

ASMG has the higher dividend yield at 4.06%, compared with 0.00% for ETRL.

What is the main difference between ASMG and ETRL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for ASMG and 1.50% for ETRL.