CBRG vs. AMA

Last updated Jul 18, 2026

CBRG (Leverage Shares 2X Long CBRS Daily ETF) and AMA (Defiance Daily Target 2X Long AMAT ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. CBRG charges 0.75%/yr vs 1.29%/yr for AMA.

Performance

CBRG vs. AMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CBRS Daily ETF (CBRG) and Defiance Daily Target 2X Long AMAT ETF (AMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CBRG

• 1D: -9.02%
• 1M: -45.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMA

• 1D: -10.80%
• 1M: -27.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CBRG vs. AMA - Yearly Performance Comparison

	2026 (YTD)
CBRG Leverage Shares 2X Long CBRS Daily ETF	-66.16%
AMA Defiance Daily Target 2X Long AMAT ETF	22.90%

Correlation

The correlation between CBRG and AMA is 0.32, 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 May 26, 2026	0.32

Return for Risk

CBRG vs. AMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CBRS Daily ETF (CBRG) and Defiance Daily Target 2X Long AMAT ETF (AMA). 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.

Drawdowns

CBRG vs. AMA - Drawdown Comparison

The maximum CBRG drawdown since its inception was -76.16%, which is greater than AMA's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for CBRG and AMA.

Drawdown Indicators

	CBRG	AMA	Difference
Max Drawdown Largest peak-to-trough decline	-76.16%	-48.88%	-27.28%
Current Drawdown Current decline from peak	-76.16%	-48.88%	-27.28%
Average Drawdown Average peak-to-trough decline	-20.35%	-14.45%	-5.90%

Volatility

Volatility by Period

	CBRG	AMA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	156.46%	182.56%	-26.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	156.46%	182.56%	-26.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	156.46%	182.56%	-26.10%

CBRG vs. AMA - Expense Ratio Comparison

CBRG has a 0.75% expense ratio, which is lower than AMA's 1.29% expense ratio.

Dividends

CBRG vs. AMA - Dividend Comparison

Neither CBRG nor AMA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CBRG and AMA in my portfolio?

CBRG and AMA have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBRG or AMA?

On fees, CBRG 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, CBRG or AMA?

CBRG is cheaper with a 0.75% expense ratio, compared with 1.29% for AMA.

Which ETF pays a higher dividend yield, CBRG or AMA?

CBRG and AMA have nearly identical dividend yields, around 0.00%.

What is the main difference between CBRG and AMA?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for CBRG and 1.29% for AMA.