GLGG vs. PYPG
GLGG (Leverage Shares 2X Long GLXY Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. GLGG charges 0.76%/yr vs 0.75%/yr for PYPG.
Performance
GLGG vs. PYPG - Performance Comparison
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Returns By Period
In the year-to-date period, GLGG achieves a -45.12% return, which is significantly lower than PYPG's -23.41% return.
GLGG
- 1D
- -18.36%
- 1M
- -57.27%
- 6M
- -71.85%
- YTD
- -45.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLGG vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLGG Leverage Shares 2X Long GLXY Daily ETF | -45.12% | -37.41% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -23.41% | -32.29% |
Correlation
The correlation between GLGG and PYPG is 0.31, 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 Aug 21, 2025 | 0.31 |
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Return for Risk
GLGG vs. PYPG — Risk / Return Rank
GLGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
GLGG vs. PYPG - 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 PYPL Daily ETF (PYPG). 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.
| GLGG | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.71 | — |
| Martin ratioReturn relative to average drawdown | — | -1.00 | — |
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Drawdowns
GLGG vs. PYPG - Drawdown Comparison
The maximum GLGG drawdown since its inception was -90.66%, which is greater than PYPG's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for GLGG and PYPG.
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Drawdown Indicators
| GLGG | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.66% | -79.52% | -11.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -87.80% | -61.72% | -26.08% |
Average DrawdownAverage peak-to-trough decline | -60.30% | -41.31% | -18.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.30% | — |
Volatility
GLGG vs. PYPG - Volatility Comparison
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Volatility by Period
| GLGG | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 77.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 179.46% | 85.35% | +94.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 179.46% | 83.28% | +96.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 179.46% | 83.28% | +96.18% |
GLGG vs. PYPG - Expense Ratio Comparison
GLGG has a 0.76% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
GLGG vs. PYPG - Dividend Comparison
Neither GLGG nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
GLGG and PYPG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYPG is cheaper with a 0.75% expense ratio, compared with 0.76% for GLGG.
GLGG and PYPG have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.76% for GLGG and 0.75% for PYPG.
Find the right allocation for GLGG and PYPG
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