GLGG vs. HOOG
GLGG (Leverage Shares 2X Long GLXY Daily ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. GLGG charges 0.76%/yr vs 0.75%/yr for HOOG.
Performance
GLGG vs. HOOG - Performance Comparison
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Returns By Period
In the year-to-date period, GLGG achieves a 1.59% return, which is significantly higher than HOOG's -55.34% return.
GLGG
- 1D
- -0.43%
- 1M
- -16.56%
- YTD
- 1.59%
- 6M
- -37.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOG
- 1D
- 12.78%
- 1M
- 23.20%
- YTD
- -55.34%
- 6M
- -70.69%
- 1Y
- -21.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLGG vs. HOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLGG Leverage Shares 2X Long GLXY Daily ETF | 1.59% | -36.55% |
HOOG Leverage Shares 2X Long HOOD Daily ETF | -55.34% | -10.58% |
Correlation
The correlation between GLGG and HOOG is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.58 |
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Return for Risk
GLGG vs. HOOG — Risk / Return Rank
GLGG
HOOG
GLGG vs. HOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLXY Daily ETF (GLGG) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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.
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Sharpe Ratios by Period
| GLGG | HOOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.41 | -0.65 |
Drawdowns
GLGG vs. HOOG - Drawdown Comparison
The maximum GLGG drawdown since its inception was -90.66%, roughly equal to the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for GLGG and HOOG.
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Drawdown Indicators
| GLGG | HOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.66% | -86.94% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -86.94% | — |
Current DrawdownCurrent decline from peak | -77.42% | -79.17% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -57.94% | -37.70% | -20.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 53.46% | — |
Volatility
GLGG vs. HOOG - Volatility Comparison
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Volatility by Period
| GLGG | HOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 43.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 101.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 175.94% | 137.25% | +38.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.94% | 145.07% | +30.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 175.94% | 145.07% | +30.87% |
GLGG vs. HOOG - Expense Ratio Comparison
GLGG has a 0.76% expense ratio, which is higher than HOOG's 0.75% expense ratio.
Dividends
GLGG vs. HOOG - Dividend Comparison
GLGG has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 27.55%.
| Position | TTM | 2025 |
|---|---|---|
GLGG Leverage Shares 2X Long GLXY Daily ETF | 0.00% | 0.00% |
HOOG Leverage Shares 2X Long HOOD Daily ETF | 27.55% | 12.30% |
Frequently Asked Questions
GLGG and HOOG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HOOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HOOG is cheaper with a 0.75% expense ratio, compared with 0.76% for GLGG.
HOOG has the higher dividend yield at 27.55%, compared with 0.00% for GLGG.
Their fees differ too: 0.76% for GLGG and 0.75% for HOOG.
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