FUTG vs. MPL

Last updated Aug 1, 2026

FUTG (Leverage Shares 2X Long FUTU Daily ETF) and MPL (Defiance Daily Target 2X Long MP ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. FUTG charges 0.75%/yr vs 1.31%/yr for MPL.

Performance

FUTG vs. MPL - Performance Comparison

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

Returns By Period

FUTG

• 1D: 2.92%
• 1M: 17.58%
• 6M: -71.42%
• YTD: -72.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MPL

• 1D: -1.71%
• 1M: -43.55%
• 6M: —
• YTD: —
• 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)
FUTG Leverage Shares 2X Long FUTU Daily ETF	$3.89M	$3.21M	$10.62M
MPL Defiance Daily Target 2X Long MP ETF	$214.78K	$221.82K	$512.56K

FUTG vs. MPL - Yearly Performance Comparison

	2026 (YTD)
FUTG Leverage Shares 2X Long FUTU Daily ETF	25.97%
MPL Defiance Daily Target 2X Long MP ETF	-64.98%

Correlation

The correlation between FUTG and MPL is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.36

Return for Risk

FUTG vs. MPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FUTU Daily ETF (FUTG) and Defiance Daily Target 2X Long MP ETF (MPL). 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

FUTG vs. MPL - Drawdown Comparison

The maximum FUTG drawdown since its inception was -86.19%, which is greater than MPL's maximum drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for FUTG and MPL.

Drawdown Indicators

	FUTG	MPL	Difference
Max Drawdown Largest peak-to-trough decline	-86.19%	-75.19%	-11.00%
Current Drawdown Current decline from peak	-82.60%	-71.01%	-11.59%
Average Drawdown Average peak-to-trough decline	-48.94%	-43.37%	-5.57%

Volatility

Volatility by Period

	FUTG	MPL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	128.04%	136.92%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.04%	136.92%	-8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.04%	136.92%	-8.88%

FUTG vs. MPL - Expense Ratio Comparison

FUTG has a 0.75% expense ratio, which is lower than MPL's 1.31% expense ratio.

Dividends

FUTG vs. MPL - Dividend Comparison

Neither FUTG nor MPL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FUTG and MPL in my portfolio?

FUTG and MPL have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FUTG or MPL?

On fees, FUTG 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, FUTG or MPL?

FUTG is cheaper with a 0.75% expense ratio, compared with 1.31% for MPL.

Which ETF pays a higher dividend yield, FUTG or MPL?

FUTG and MPL have nearly identical dividend yields, around 0.00%.

What is the main difference between FUTG and MPL?

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