GLGG vs. SPOG
GLGG (Leverage Shares 2X Long GLXY Daily ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. GLGG charges 0.76%/yr vs 0.75%/yr for SPOG.
Performance
GLGG vs. SPOG - 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 SPOG's -40.37% return.
GLGG
- 1D
- -0.43%
- 1M
- -16.56%
- YTD
- 1.59%
- 6M
- -37.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG
- 1D
- 1.97%
- 1M
- 33.09%
- YTD
- -40.37%
- 6M
- -36.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLGG vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLGG Leverage Shares 2X Long GLXY Daily ETF | 1.59% | -27.95% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.37% | -19.53% |
Correlation
The correlation between GLGG and SPOG is 0.20, 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 Nov 18, 2025 | 0.20 |
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Return for Risk
GLGG vs. SPOG - 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 SPOT Daily ETF (SPOG). 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 | SPOG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.72 | +0.48 |
Drawdowns
GLGG vs. SPOG - Drawdown Comparison
The maximum GLGG drawdown since its inception was -90.66%, which is greater than SPOG's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for GLGG and SPOG.
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Drawdown Indicators
| GLGG | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.66% | -64.41% | -26.25% |
Current DrawdownCurrent decline from peak | -77.42% | -52.02% | -25.40% |
Average DrawdownAverage peak-to-trough decline | -57.94% | -40.51% | -17.43% |
Volatility
GLGG vs. SPOG - Volatility Comparison
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Volatility by Period
| GLGG | SPOG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 175.94% | 103.50% | +72.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.94% | 103.50% | +72.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 175.94% | 103.50% | +72.44% |
GLGG vs. SPOG - Expense Ratio Comparison
GLGG has a 0.76% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
GLGG vs. SPOG - Dividend Comparison
Neither GLGG nor SPOG has paid dividends to shareholders.
Frequently Asked Questions
GLGG and SPOG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.76% for GLGG.
GLGG and SPOG have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.76% for GLGG and 0.75% for SPOG.
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