FIGG vs. LMNX

Last updated Jun 4, 2026

FIGG (Leverage Shares 2X Long FIG Daily ETF) and LMNX (Defiance Daily Target 2X Long LMND ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. FIGG charges 0.75%/yr vs 1.31%/yr for LMNX.

Performance

FIGG vs. LMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long FIG Daily ETF (FIGG) and Defiance Daily Target 2X Long LMND ETF (LMNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGG achieves a -74.27% return, which is significantly lower than LMNX's -62.00% return.

FIGG

• 1D: -12.59%
• 1M: 18.39%
• YTD: -74.27%
• 6M: -75.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LMNX

• 1D: -17.92%
• 1M: -12.57%
• YTD: -62.00%
• 6M: -66.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIGG vs. LMNX - Yearly Performance Comparison

	2026 (YTD)	2025
FIGG Leverage Shares 2X Long FIG Daily ETF	-74.27%	-61.83%
LMNX Defiance Daily Target 2X Long LMND ETF	-62.00%	82.13%

Correlation

The correlation between FIGG and LMNX is 0.26, 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 Oct 17, 2025	0.26

Return for Risk

FIGG vs. LMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FIG Daily ETF (FIGG) and Defiance Daily Target 2X Long LMND ETF (LMNX). 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.

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

Sharpe Ratios by Period

	FIGG	LMNX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	-0.26	-0.40

Drawdowns

FIGG vs. LMNX - Drawdown Comparison

The maximum FIGG drawdown since its inception was -95.11%, which is greater than LMNX's maximum drawdown of -78.77%. Use the drawdown chart below to compare losses from any high point for FIGG and LMNX.

Drawdown Indicators

	FIGG	LMNX	Difference
Max Drawdown Largest peak-to-trough decline	-95.11%	-78.77%	-16.34%
Current Drawdown Current decline from peak	-91.99%	-78.22%	-13.77%
Average Drawdown Average peak-to-trough decline	-77.03%	-40.90%	-36.13%

Volatility

Volatility by Period

	FIGG	LMNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	148.39%	173.88%	-25.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.39%	173.88%	-25.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.39%	173.88%	-25.49%

FIGG vs. LMNX - Expense Ratio Comparison

FIGG has a 0.75% expense ratio, which is lower than LMNX's 1.31% expense ratio.

Dividends

FIGG vs. LMNX - Dividend Comparison

Neither FIGG nor LMNX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FIGG and LMNX in my portfolio?

FIGG and LMNX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIGG or LMNX?

On fees, FIGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIGG or LMNX?

FIGG is cheaper with a 0.75% expense ratio, compared with 1.31% for LMNX.

Which ETF pays a higher dividend yield, FIGG or LMNX?

FIGG and LMNX have nearly identical dividend yields, around 0.00%.

What is the main difference between FIGG and LMNX?

They also come from different issuers: Leverage Shares and Defiance ETFs. Their fees differ too: 0.75% for FIGG and 1.31% for LMNX.