GLGG vs. USGG

Last updated Jun 5, 2026

GLGG (Leverage Shares 2X Long GLXY Daily ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds from Leverage Shares. GLGG is actively managed, while USGG is passively managed. At a 0.38 correlation, their price movements are largely independent. GLGG charges 0.76%/yr vs 0.75%/yr for USGG.

Performance

GLGG vs. USGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GLXY Daily ETF (GLGG) and Leverage Shares 2X Long USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GLGG

• 1D: -0.43%
• 1M: -16.56%
• YTD: 1.59%
• 6M: -37.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USGG

• 1D: -6.46%
• 1M: -12.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLGG vs. USGG - Yearly Performance Comparison

	2026 (YTD)
GLGG Leverage Shares 2X Long GLXY Daily ETF	-27.53%
USGG Leverage Shares 2X Long USAR Daily ETF	53.51%

Correlation

The correlation between GLGG and USGG is 0.38, 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 Jan 14, 2026	0.38

Return for Risk

GLGG vs. USGG - 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 USAR Daily ETF (USGG). 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

	GLGG	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.90	-1.15

Drawdowns

GLGG vs. USGG - Drawdown Comparison

The maximum GLGG drawdown since its inception was -90.66%, which is greater than USGG's maximum drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for GLGG and USGG.

Drawdown Indicators

	GLGG	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-90.66%	-77.74%	-12.92%
Current Drawdown Current decline from peak	-77.42%	-36.76%	-40.66%
Average Drawdown Average peak-to-trough decline	-57.94%	-45.97%	-11.97%

Volatility

Volatility by Period

	GLGG	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	175.94%	224.53%	-48.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	175.94%	224.53%	-48.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	175.94%	224.53%	-48.59%

GLGG vs. USGG - Expense Ratio Comparison

GLGG has a 0.76% expense ratio, which is higher than USGG's 0.75% expense ratio.

Dividends

GLGG vs. USGG - Dividend Comparison

Neither GLGG nor USGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLGG and USGG in my portfolio?

GLGG and USGG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLGG or USGG?

On fees, USGG 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, GLGG or USGG?

USGG is cheaper with a 0.75% expense ratio, compared with 0.76% for GLGG.

Which ETF pays a higher dividend yield, GLGG or USGG?

GLGG and USGG have nearly identical dividend yields, around 0.00%.

What is the main difference between GLGG and USGG?

Their fees differ too: 0.76% for GLGG and 0.75% for USGG.