FCXG vs. KLAG

Last updated Aug 1, 2026

FCXG (Leverage Shares 2X Long FCX Daily ETF) and KLAG (Leverage Shares 2X Long KLAC Daily ETF) are both Leveraged Equities funds from Leverage Shares - FCXG tracks the Freeport-McMoRan Inc. (FCX) while KLAG tracks the KLA Corporation (KLAC). Both are passively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

FCXG vs. KLAG - Performance Comparison

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

Returns By Period

FCXG

• 1D: -2.84%
• 1M: 3.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KLAG

• 1D: 2.71%
• 1M: -42.24%
• 6M: 22.97%
• YTD: 58.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
FCXG Leverage Shares 2X Long FCX Daily ETF	$223.64K	$203.00K	$533.52K
KLAG Leverage Shares 2X Long KLAC Daily ETF	$2.72M	$5.08M	$4.54M

FCXG vs. KLAG - Yearly Performance Comparison

	2026 (YTD)
FCXG Leverage Shares 2X Long FCX Daily ETF	-14.53%
KLAG Leverage Shares 2X Long KLAC Daily ETF	15.82%

Correlation

The correlation between FCXG and KLAG is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.56

Return for Risk

FCXG vs. KLAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FCX Daily ETF (FCXG) and Leverage Shares 2X Long KLAC Daily ETF (KLAG). 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

FCXG vs. KLAG - Drawdown Comparison

The maximum FCXG drawdown since its inception was -44.55%, smaller than the maximum KLAG drawdown of -70.99%. Use the drawdown chart below to compare losses from any high point for FCXG and KLAG.

Drawdown Indicators

	FCXG	KLAG	Difference
Max Drawdown Largest peak-to-trough decline	-44.55%	-70.99%	+26.44%
Current Drawdown Current decline from peak	-31.19%	-66.43%	+35.24%
Average Drawdown Average peak-to-trough decline	-23.43%	-19.57%	-3.86%

Volatility

Volatility by Period

	FCXG	KLAG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	107.68%	138.36%	-30.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.68%	138.36%	-30.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.68%	138.36%	-30.68%

FCXG vs. KLAG - Expense Ratio Comparison

Both FCXG and KLAG have an expense ratio of 0.75%.

Dividends

FCXG vs. KLAG - Dividend Comparison

Neither FCXG nor KLAG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FCXG and KLAG in my portfolio?

FCXG and KLAG have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCXG or KLAG?

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, FCXG or KLAG?

FCXG and KLAG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, FCXG or KLAG?

FCXG and KLAG have nearly identical dividend yields, around 0.00%.

What is the main difference between FCXG and KLAG?

FCXG tracks Freeport-McMoRan Inc. (FCX), while KLAG tracks KLA Corporation (KLAC).