GRAG vs. BEX

Last updated Jul 17, 2026

GRAG (Leverage Shares 2X Long GRAB Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. GRAG charges 0.75%/yr vs 1.30%/yr for BEX.

Performance

GRAG vs. BEX - Performance Comparison

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

Returns By Period

GRAG

• 1D: -5.18%
• 1M: 12.59%
• 6M: -36.94%
• YTD: -51.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: -27.34%
• 1M: -54.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GRAG vs. BEX - Yearly Performance Comparison

	2026 (YTD)
GRAG Leverage Shares 2X Long GRAB Daily ETF	8.64%
BEX Tradr 2X Long BE Daily ETF	-65.64%

Correlation

The correlation between GRAG and BEX is 0.19, 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 May 26, 2026	0.19

Return for Risk

GRAG vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GRAB Daily ETF (GRAG) and Tradr 2X Long BE Daily ETF (BEX). 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

GRAG vs. BEX - Drawdown Comparison

The maximum GRAG drawdown since its inception was -65.33%, smaller than the maximum BEX drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for GRAG and BEX.

Drawdown Indicators

	GRAG	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-65.33%	-69.03%	+3.70%
Current Drawdown Current decline from peak	-56.47%	-69.03%	+12.56%
Average Drawdown Average peak-to-trough decline	-43.03%	-31.93%	-11.10%

Volatility

Volatility by Period

	GRAG	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.42%	227.40%	-156.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.42%	227.40%	-156.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.42%	227.40%	-156.98%

GRAG vs. BEX - Expense Ratio Comparison

GRAG has a 0.75% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

GRAG vs. BEX - Dividend Comparison

Neither GRAG nor BEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GRAG and BEX in my portfolio?

GRAG and BEX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRAG or BEX?

On fees, GRAG 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, GRAG or BEX?

GRAG is cheaper with a 0.75% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, GRAG or BEX?

GRAG and BEX have nearly identical dividend yields, around 0.00%.

What is the main difference between GRAG and BEX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for GRAG and 1.30% for BEX.