GLWG vs. SNDU

Last updated Jun 4, 2026

GLWG (Leverage Shares 2X Long GLW Daily ETF) and SNDU (T-REX 2X Long SNDK Daily Target ETF) are both Leveraged Equities funds - GLWG tracks the Corning Incorporated (GLW) while SNDU tracks the SanDisk Corporation (SNDK). Both are passively managed. At a 0.32 correlation, their price movements are largely independent. GLWG charges 0.75%/yr vs 1.50%/yr for SNDU.

Performance

GLWG vs. SNDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GLW Daily ETF (GLWG) and T-REX 2X Long SNDK Daily Target ETF (SNDU). 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*: —

SNDU

• 1D: 13.19%
• 1M: 94.94%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLWG vs. SNDU - Yearly Performance Comparison

	2026 (YTD)
GLWG Leverage Shares 2X Long GLW Daily ETF	105.76%
SNDU T-REX 2X Long SNDK Daily Target ETF	586.89%

Correlation

The correlation between GLWG and SNDU is 0.32, 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 13, 2026	0.32

Return for Risk

GLWG vs. SNDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLW Daily ETF (GLWG) and T-REX 2X Long SNDK Daily Target ETF (SNDU). 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	SNDU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	8.78	2,725.02	-2,716.24

Drawdowns

GLWG vs. SNDU - Drawdown Comparison

The maximum GLWG drawdown since its inception was -29.53%, smaller than the maximum SNDU drawdown of -46.69%. Use the drawdown chart below to compare losses from any high point for GLWG and SNDU.

Drawdown Indicators

	GLWG	SNDU	Difference
Max Drawdown Largest peak-to-trough decline	-29.53%	-46.69%	+17.16%
Current Drawdown Current decline from peak	-10.32%	0.00%	-10.32%
Average Drawdown Average peak-to-trough decline	-10.71%	-10.22%	-0.49%

Volatility

Volatility by Period

	GLWG	SNDU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	151.06%	185.48%	-34.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.06%	185.48%	-34.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.06%	185.48%	-34.42%

GLWG vs. SNDU - Expense Ratio Comparison

GLWG has a 0.75% expense ratio, which is lower than SNDU's 1.50% expense ratio.

Dividends

GLWG vs. SNDU - Dividend Comparison

Neither GLWG nor SNDU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLWG and SNDU in my portfolio?

GLWG and SNDU have a correlation of 0.32, 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 SNDU?

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 SNDU?

GLWG is cheaper with a 0.75% expense ratio, compared with 1.50% for SNDU.

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

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

What is the main difference between GLWG and SNDU?

GLWG tracks Corning Incorporated (GLW), while SNDU tracks SanDisk Corporation (SNDK). They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for GLWG and 1.50% for SNDU.