BIDG vs. SNAG
BIDG (Leverage Shares 2X Long BIDU Daily ETF) and SNAG (Leverage Shares 2X Long SNAP Daily ETF) are both Leveraged Equities funds from Leverage Shares - BIDG tracks the Baidu, Inc. (BIDU) while SNAG tracks the Snap Inc. (SNAP). Both are passively managed. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
BIDG vs. SNAG - Performance Comparison
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Returns By Period
In the year-to-date period, BIDG achieves a -40.28% return, which is significantly higher than SNAG's -76.26% return.
BIDG
- 1D
- -2.84%
- 1M
- -27.62%
- YTD
- -40.28%
- 6M
- -33.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNAG
- 1D
- -7.82%
- 1M
- -42.10%
- YTD
- -76.26%
- 6M
- -74.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIDG vs. SNAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIDG Leverage Shares 2X Long BIDU Daily ETF | -40.28% | 17.04% |
SNAG Leverage Shares 2X Long SNAP Daily ETF | -76.26% | 9.86% |
Correlation
The correlation between BIDG and SNAG is 0.30, 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 Dec 18, 2025 | 0.30 |
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Return for Risk
BIDG vs. SNAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BIDU Daily ETF (BIDG) and Leverage Shares 2X Long SNAP Daily ETF (SNAG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
BIDG vs. SNAG - Drawdown Comparison
The maximum BIDG drawdown since its inception was -60.26%, smaller than the maximum SNAG drawdown of -81.94%. Use the drawdown chart below to compare losses from any high point for BIDG and SNAG.
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Drawdown Indicators
| BIDG | SNAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.26% | -81.94% | +21.68% |
Current DrawdownCurrent decline from peak | -60.26% | -79.88% | +19.62% |
Average DrawdownAverage peak-to-trough decline | -34.32% | -55.73% | +21.41% |
Volatility
BIDG vs. SNAG - Volatility Comparison
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Volatility by Period
| BIDG | SNAG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 102.45% | 122.96% | -20.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.45% | 122.96% | -20.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.45% | 122.96% | -20.51% |
BIDG vs. SNAG - Expense Ratio Comparison
Both BIDG and SNAG have an expense ratio of 0.75%.
Dividends
BIDG vs. SNAG - Dividend Comparison
Neither BIDG nor SNAG has paid dividends to shareholders.
Frequently Asked Questions
BIDG and SNAG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BIDG and SNAG have the same expense ratio: 0.75% per year.
BIDG and SNAG have nearly identical dividend yields, around 0.00%.
BIDG tracks Baidu, Inc. (BIDU), while SNAG tracks Snap Inc. (SNAP).
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