AXUP vs. ARMG

Last updated Jun 4, 2026

AXUP (T-Rex 2X Long Axon Daily Target ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. AXUP charges 1.50%/yr vs 0.75%/yr for ARMG.

Performance

AXUP vs. ARMG - Performance Comparison

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

Returns By Period

AXUP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: 4.85%
• 1M: 261.28%
• YTD: 936.32%
• 6M: 526.62%
• 1Y: 510.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AXUP vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
AXUP T-Rex 2X Long Axon Daily Target ETF	-34.20%	-48.71%
ARMG Leverage Shares 2X Long ARM Daily ETF	936.32%	-54.45%

Correlation

The correlation between AXUP and ARMG is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.08

Return for Risk

AXUP vs. ARMG — Risk / Return Rank

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

ARMG

ARMG Risk / Return Rank: 84
ARMG Sharpe Ratio Rank: 95
ARMG Sortino Ratio Rank: 80
ARMG Omega Ratio Rank: 77
ARMG Calmar Ratio Rank: 94
ARMG Martin Ratio Rank: 71

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.

AXUP vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Axon Daily Target ETF (AXUP) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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

	AXUP	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.24	—

Drawdowns

Drawdown Indicators

	AXUP	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.28%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-68.13%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-53.04%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.55%	—

Volatility

Volatility by Period

	AXUP	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	64.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	103.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	130.31%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	138.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	138.30%	—

AXUP vs. ARMG - Expense Ratio Comparison

AXUP has a 1.50% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

AXUP vs. ARMG - Dividend Comparison

AXUP has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	0.47%	4.86%
AXUP T-Rex 2X Long Axon Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AXUP and ARMG in my portfolio?

AXUP and ARMG have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AXUP or ARMG?

On fees, ARMG 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, AXUP or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.50% for AXUP.

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

ARMG has the higher dividend yield at 0.47%, compared with 0.00% for AXUP.

What is the main difference between AXUP and ARMG?

They also come from different issuers: Tuttle Capital Management and Leverage Shares. Their fees differ too: 1.50% for AXUP and 0.75% for ARMG.