CNCG vs. ASMG

Last updated Jul 24, 2026

CNCG (Leverage Shares 2X Long CNC Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

CNCG vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CNC Daily ETF (CNCG) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CNCG

• 1D: -6.72%
• 1M: -1.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASMG

• 1D: -0.42%
• 1M: -0.93%
• 6M: 39.06%
• YTD: 130.54%
• 1Y: 364.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 138.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMG Leverage Shares 2X Long ASML Daily ETF	$6.35M	$6.66M	$6.15M
CNCG Leverage Shares 2X Long CNC Daily ETF	$29.37K	$44.86K	$43.76K

CNCG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)
CNCG Leverage Shares 2X Long CNC Daily ETF	11.85%
ASMG Leverage Shares 2X Long ASML Daily ETF	17.97%

Correlation

The correlation between CNCG and ASMG is -0.06, 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 May 28, 2026	-0.06

Return for Risk

CNCG vs. ASMG — Risk / Return Rank

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

CNCG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ASMG

ASMG Risk / Return Rank: 95
ASMG Sharpe Ratio Rank: 98
ASMG Sortino Ratio Rank: 92
ASMG Omega Ratio Rank: 89
ASMG Calmar Ratio Rank: 98
ASMG Martin Ratio Rank: 97

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.

CNCG vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CNC Daily ETF (CNCG) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	CNCG	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	—	4.08	—
Sortino ratio: Return per unit of downside risk	—	3.46	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	10.62	—
Martin ratio: Return relative to average drawdown	—	30.03	—

Drawdowns

CNCG vs. ASMG - Drawdown Comparison

The maximum CNCG drawdown since its inception was -16.89%, smaller than the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for CNCG and ASMG.

Drawdown Indicators

	CNCG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-16.89%	-43.95%	+27.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	-14.73%	-20.14%	+5.41%
Average Drawdown Average peak-to-trough decline	-5.77%	-13.21%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.20%	—

Volatility

Volatility by Period

	CNCG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	72.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.63%	90.02%	-6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.63%	88.91%	-5.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.63%	88.91%	-5.28%

CNCG vs. ASMG - Expense Ratio Comparison

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

Dividends

CNCG vs. ASMG - Dividend Comparison

CNCG has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 4.86%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.86%	11.20%
CNCG Leverage Shares 2X Long CNC Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNCG and ASMG in my portfolio?

CNCG and ASMG have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CNCG or ASMG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNCG or ASMG?

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

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

ASMG has the higher dividend yield at 4.86%, compared with 0.00% for CNCG.