CBRG vs. STSM
CBRG (Leverage Shares 2X Long CBRS Daily ETF) and STSM (Defiance Daily Target 2X Short TSM ETF) are both Leveraged Equities funds. CBRG is actively managed, while STSM is passively managed. At a correlation of -0.17, they often move in opposite directions. CBRG charges 0.75%/yr vs 1.31%/yr for STSM.
Performance
CBRG vs. STSM - Performance Comparison
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Returns By Period
CBRG
- 1D
- 9.60%
- 1M
- -23.02%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
STSM
- 1D
- 2.94%
- 1M
- 4.29%
- 6M
- -54.70%
- YTD
- -61.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $50.28M | $48.53M | $34.89M | |
| $754.10K | $576.45K | $381.48K |
CBRG vs. STSM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CBRG Leverage Shares 2X Long CBRS Daily ETF | -54.19% |
STSM Defiance Daily Target 2X Short TSM ETF | -53.32% |
Correlation
The correlation between CBRG and STSM is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026 | -0.17 |
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Return for Risk
CBRG vs. STSM - 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 Short TSM ETF (STSM). 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
CBRG vs. STSM - Drawdown Comparison
The maximum CBRG drawdown since its inception was -76.16%, roughly equal to the maximum STSM drawdown of -76.23%. Use the drawdown chart below to compare losses from any high point for CBRG and STSM.
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Drawdown Indicators
| CBRG | STSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -76.23% | +0.07% |
Current DrawdownCurrent decline from peak | -62.42% | -69.85% | +7.43% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -46.71% | +24.66% |
Volatility
CBRG vs. STSM - Volatility Comparison
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Volatility by Period
| CBRG | STSM | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 163.91% | 83.72% | +80.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.91% | 83.72% | +80.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.91% | 83.72% | +80.19% |
CBRG vs. STSM - Expense Ratio Comparison
CBRG has a 0.75% expense ratio, which is lower than STSM's 1.31% expense ratio.
Dividends
CBRG vs. STSM - Dividend Comparison
Neither CBRG nor STSM has paid dividends to shareholders.
Frequently Asked Questions
CBRG and STSM have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CBRG is cheaper with a 0.75% expense ratio, compared with 1.31% for STSM.
CBRG and STSM have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for CBRG and 1.31% for STSM.
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