ASMG vs. PYPG

Last updated Jun 23, 2026

ASMG (Leverage Shares 2X Long ASML Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, ASMG returned 386.21% vs -72.85% for PYPG. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ASMG vs. PYPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ASML Daily ETF (ASMG) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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 PYPG's -55.53% return.

ASMG

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

PYPG

• 1D: -0.74%
• 1M: -9.60%
• YTD: -55.53%
• 6M: -57.84%
• 1Y: -72.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMG vs. PYPG - Yearly Performance Comparison

	2026 (YTD)	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	176.24%	142.61%
PYPG Leverage Shares 2X Long PYPL Daily ETF	-55.53%	-20.19%

Correlation

The correlation between ASMG and PYPG is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.21

Return for Risk

ASMG vs. PYPG — 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

PYPG

PYPG Risk / Return Rank: 1
PYPG Sharpe Ratio Rank: 2
PYPG Sortino Ratio Rank: 1
PYPG Omega Ratio Rank: 1
PYPG Calmar Ratio Rank: 1
PYPG Martin Ratio Rank: 2

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. PYPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ASML Daily ETF (ASMG) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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	PYPG	Difference
Sharpe ratio: Return per unit of total volatility	4.52	-0.94	+5.46
Sortino ratio: Return per unit of downside risk	3.70	-1.49	+5.19
Omega ratio: Gain probability vs. loss probability	1.45	0.79	+0.66
Calmar ratio: Return relative to maximum drawdown	11.26	-0.92	+12.18
Martin ratio: Return relative to average drawdown	28.02	-1.38	+29.39

ASMG vs. PYPG - Sharpe Ratio Comparison

The current ASMG Sharpe Ratio is 4.52, which is higher than the PYPG Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of ASMG and PYPG, 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

ASMG vs. PYPG - Drawdown Comparison

The maximum ASMG drawdown since its inception was -43.95%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for ASMG and PYPG.

Drawdown Indicators

	ASMG	PYPG	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-79.52%	+35.57%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	-79.52%	+44.96%
Current Drawdown Current decline from peak	-0.22%	-77.77%	+77.55%
Average Drawdown Average peak-to-trough decline	-12.91%	-39.49%	+26.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.87%	52.94%	-39.07%

Volatility

ASMG vs. PYPG - Volatility Comparison

Leverage Shares 2X Long ASML Daily ETF (ASMG) has a higher volatility of 32.41% compared to Leverage Shares 2X Long PYPL Daily ETF (PYPG) at 17.67%. This indicates that ASMG's price experiences larger fluctuations and is considered to be riskier than PYPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASMG	PYPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.41%	17.67%	+14.74%
Volatility (6M) Calculated over the trailing 6-month period	68.33%	69.16%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	86.22%	77.77%	+8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.79%	77.90%	+8.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.79%	77.90%	+8.89%

ASMG vs. PYPG - Expense Ratio Comparison

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

Dividends

ASMG vs. PYPG - Dividend Comparison

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

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.06%	11.20%
PYPG Leverage Shares 2X Long PYPL Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASMG and PYPG in my portfolio?

ASMG and PYPG 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 is riskier, ASMG or PYPG?

ASMG has higher volatility (32.41%) compared to PYPG (17.67%). In terms of maximum drawdown, ASMG dropped -43.95% vs PYPG's -79.52%.

Which ETF is better, ASMG or PYPG?

On 1-year performance, ASMG leads with 386.21% vs -72.85% for PYPG. Both ETFs have the same 0.75% expense ratio. On volatility, PYPG has been the lower-risk option at 17.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMG or PYPG?

Over the 1-year period, ASMG has performed better with a 386.21% return vs -72.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMG or PYPG?

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

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

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

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (4.52 vs -0.94), 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.