GLWG vs. AAOX

Last updated Jun 4, 2026

GLWG (Leverage Shares 2X Long GLW Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds - GLWG tracks the Corning Incorporated (GLW) while AAOX tracks the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. At a 0.47 correlation, their price movements are largely independent. GLWG charges 0.75%/yr vs 1.49%/yr for AAOX.

Performance

GLWG vs. AAOX - Performance Comparison

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

Returns By Period

GLWG

• 1D: 0.42%
• 1M: 46.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -18.15%
• 1M: -7.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLWG vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
GLWG Leverage Shares 2X Long GLW Daily ETF	74.42%
AAOX Tradr 2X Long AAOI Daily ETF	68.69%

Correlation

The correlation between GLWG and AAOX is 0.47, 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 Mar 25, 2026	0.47

Return for Risk

GLWG vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLW Daily ETF (GLWG) and Tradr 2X Long AAOI Daily ETF (AAOX). 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

	GLWG	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	8.78	4.72	+4.06

Drawdowns

GLWG vs. AAOX - Drawdown Comparison

The maximum GLWG drawdown since its inception was -29.53%, smaller than the maximum AAOX drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for GLWG and AAOX.

Drawdown Indicators

	GLWG	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-29.53%	-52.25%	+22.72%
Current Drawdown Current decline from peak	-10.32%	-38.59%	+28.27%
Average Drawdown Average peak-to-trough decline	-10.71%	-21.29%	+10.58%

Volatility

Volatility by Period

	GLWG	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	151.06%	293.60%	-142.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.06%	293.60%	-142.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.06%	293.60%	-142.54%

GLWG vs. AAOX - Expense Ratio Comparison

GLWG has a 0.75% expense ratio, which is lower than AAOX's 1.49% expense ratio.

Dividends

GLWG vs. AAOX - Dividend Comparison

Neither GLWG nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLWG and AAOX in my portfolio?

GLWG and AAOX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLWG or AAOX?

On fees, GLWG 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, GLWG or AAOX?

GLWG is cheaper with a 0.75% expense ratio, compared with 1.49% for AAOX.

Which ETF pays a higher dividend yield, GLWG or AAOX?

GLWG and AAOX have nearly identical dividend yields, around 0.00%.

What is the main difference between GLWG and AAOX?

GLWG tracks Corning Incorporated (GLW), while AAOX tracks Applied Optoelectronics, Inc. (AAOI). They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for GLWG and 1.49% for AAOX.