ECHX vs. ASMG

Last updated Jul 2, 2026

ECHX (Leverage Shares 2X Long EchoStar 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 0.29 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ECHX vs. ASMG - Performance Comparison

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

Returns By Period

ECHX

• 1D: -0.83%
• 1M: -41.22%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: -14.48%
• 1M: 21.82%
• 6M: 146.88%
• YTD: 146.88%
• 1Y: 300.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ECHX vs. ASMG - Yearly Performance Comparison

	2026 (YTD)
ECHX Leverage Shares 2X Long EchoStar Daily ETF	-41.22%
ASMG Leverage Shares 2X Long ASML Daily ETF	21.82%

Correlation

The correlation between ECHX and ASMG is 0.29, 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 Jun 2, 2026	0.29

Return for Risk

ECHX vs. ASMG — Risk / Return Rank

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

ECHX

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

ASMG

ASMG Risk / Return Rank: 89
ASMG Sharpe Ratio Rank: 96
ASMG Sortino Ratio Rank: 83
ASMG Omega Ratio Rank: 77
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 94

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.

ECHX vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long EchoStar Daily ETF (ECHX) 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.

	ECHX	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	—	3.36	—
Sortino ratio: Return per unit of downside risk	—	3.15	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	8.75	—
Martin ratio: Return relative to average drawdown	—	21.56	—

Drawdowns

ECHX vs. ASMG - Drawdown Comparison

The maximum ECHX drawdown since its inception was -45.26%, roughly equal to the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for ECHX and ASMG.

Drawdown Indicators

	ECHX	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-45.26%	-43.95%	-1.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	-41.22%	-14.48%	-26.74%
Average Drawdown Average peak-to-trough decline	-25.39%	-12.88%	-12.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.99%	—

Volatility

Volatility by Period

	ECHX	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	43.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	74.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.26%	89.90%	+56.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.26%	89.05%	+57.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.26%	89.05%	+57.21%

ECHX vs. ASMG - Expense Ratio Comparison

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

Dividends

ECHX vs. ASMG - Dividend Comparison

ECHX has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 4.54%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.54%	11.20%
ECHX Leverage Shares 2X Long EchoStar Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ECHX and ASMG in my portfolio?

ECHX and ASMG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ECHX 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, ECHX or ASMG?

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

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

ASMG has the higher dividend yield at 4.54%, compared with 0.00% for ECHX.