GLWG vs. DUOG

Last updated Jun 25, 2026

GLWG (Leverage Shares 2X Long GLW Daily ETF) and DUOG (Leverage Shares 2X Long DUOL Daily ETF) are both Leveraged Equities funds from Leverage Shares. GLWG is passively managed, while DUOG is actively managed. At a correlation of -0.15, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

GLWG vs. DUOG - Performance Comparison

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

Returns By Period

GLWG

• 1D: 12.39%
• 1M: 3.72%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DUOG

• 1D: -0.32%
• 1M: 49.48%
• YTD: -55.48%
• 6M: -58.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLWG vs. DUOG - Yearly Performance Comparison

	2026 (YTD)
GLWG Leverage Shares 2X Long GLW Daily ETF	91.93%
DUOG Leverage Shares 2X Long DUOL Daily ETF	53.56%

Correlation

The correlation between GLWG and DUOG is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026	-0.15

Return for Risk

GLWG vs. DUOG - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

GLWG vs. DUOG - Drawdown Comparison

The maximum GLWG drawdown since its inception was -39.12%, smaller than the maximum DUOG drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for GLWG and DUOG.

Drawdown Indicators

	GLWG	DUOG	Difference
Max Drawdown Largest peak-to-trough decline	-39.12%	-83.13%	+44.01%
Current Drawdown Current decline from peak	-11.97%	-66.65%	+54.68%
Average Drawdown Average peak-to-trough decline	-13.36%	-64.02%	+50.66%

Volatility

Volatility by Period

	GLWG	DUOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	160.96%	113.79%	+47.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	160.96%	113.79%	+47.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	160.96%	113.79%	+47.17%

GLWG vs. DUOG - Expense Ratio Comparison

Both GLWG and DUOG have an expense ratio of 0.75%.

Dividends

GLWG vs. DUOG - Dividend Comparison

Neither GLWG nor DUOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLWG and DUOG in my portfolio?

GLWG and DUOG have a correlation of -0.15, 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 DUOG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLWG or DUOG?

GLWG and DUOG have the same expense ratio: 0.75% per year.

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

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