DUOG vs. OPEX
DUOG (Leverage Shares 2X Long DUOL Daily ETF) and OPEX (Tradr 2X Long OPEN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. DUOG charges 0.75%/yr vs 1.30%/yr for OPEX.
Performance
DUOG vs. OPEX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with DUOG having a -59.18% return and OPEX slightly lower at -61.23%.
DUOG
- 1D
- -3.87%
- 1M
- -2.52%
- 6M
- -46.14%
- YTD
- -59.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEX
- 1D
- -7.29%
- 1M
- -13.87%
- 6M
- -64.27%
- YTD
- -61.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DUOG vs. OPEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DUOG Leverage Shares 2X Long DUOL Daily ETF | -59.18% | -25.09% |
OPEX Tradr 2X Long OPEN Daily ETF | -61.23% | -32.76% |
Correlation
The correlation between DUOG and OPEX is 0.31, 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 11, 2025 | 0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DUOG vs. OPEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long DUOL Daily ETF (DUOG) and Tradr 2X Long OPEN Daily ETF (OPEX). 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.
Loading charts...
Drawdowns
DUOG vs. OPEX - Drawdown Comparison
The maximum DUOG drawdown since its inception was -83.13%, smaller than the maximum OPEX drawdown of -88.23%. Use the drawdown chart below to compare losses from any high point for DUOG and OPEX.
Loading charts...
Drawdown Indicators
| DUOG | OPEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -88.23% | +5.10% |
Current DrawdownCurrent decline from peak | -69.42% | -86.92% | +17.50% |
Average DrawdownAverage peak-to-trough decline | -64.68% | -68.45% | +3.77% |
Volatility
DUOG vs. OPEX - Volatility Comparison
Loading charts...
Volatility by Period
| DUOG | OPEX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 115.65% | 168.70% | -53.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.65% | 168.70% | -53.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.65% | 168.70% | -53.05% |
DUOG vs. OPEX - Expense Ratio Comparison
DUOG has a 0.75% expense ratio, which is lower than OPEX's 1.30% expense ratio.
Dividends
DUOG vs. OPEX - Dividend Comparison
Neither DUOG nor OPEX has paid dividends to shareholders.
Frequently Asked Questions
DUOG and OPEX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DUOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DUOG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.
DUOG and OPEX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Tradr ETFs. Their fees differ too: 0.75% for DUOG and 1.30% for OPEX.
Find the right allocation for DUOG and OPEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer