HLXX vs. PBRG

Last updated Jul 7, 2026

HLXX (Tradr 2X Long HL Daily ETF) and PBRG (Leverage Shares 2X Long PBR Daily ETF) are both Leveraged Equities funds - HLXX tracks the Hecla Mining Company (HL) while PBRG tracks the Petroleo Brasileiro S.A. (PBR). Both are passively managed. At a correlation of -0.25, they often move in opposite directions. HLXX charges 1.49%/yr vs 0.75%/yr for PBRG.

Performance

HLXX vs. PBRG - Performance Comparison

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

Returns By Period

HLXX

• 1D: 0.00%
• 1M: -0.49%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBRG

• 1D: 1.63%
• 1M: -17.54%
• 6M: 79.20%
• YTD: 73.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HLXX vs. PBRG - Yearly Performance Comparison

	2026 (YTD)
HLXX Tradr 2X Long HL Daily ETF	-38.81%
PBRG Leverage Shares 2X Long PBR Daily ETF	-30.66%

Correlation

The correlation between HLXX and PBRG is -0.25, 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 24, 2026	-0.25

Return for Risk

HLXX vs. PBRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long HL Daily ETF (HLXX) and Leverage Shares 2X Long PBR Daily ETF (PBRG). 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

HLXX vs. PBRG - Drawdown Comparison

The maximum HLXX drawdown since its inception was -53.81%, which is greater than PBRG's maximum drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for HLXX and PBRG.

Drawdown Indicators

	HLXX	PBRG	Difference
Max Drawdown Largest peak-to-trough decline	-53.81%	-47.87%	-5.94%
Current Drawdown Current decline from peak	-53.81%	-46.17%	-7.64%
Average Drawdown Average peak-to-trough decline	-23.40%	-11.34%	-12.06%

Volatility

Volatility by Period

	HLXX	PBRG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	121.01%	68.90%	+52.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.01%	68.90%	+52.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.01%	68.90%	+52.11%

HLXX vs. PBRG - Expense Ratio Comparison

HLXX has a 1.49% expense ratio, which is higher than PBRG's 0.75% expense ratio.

Dividends

HLXX vs. PBRG - Dividend Comparison

Neither HLXX nor PBRG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HLXX and PBRG in my portfolio?

HLXX and PBRG have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HLXX or PBRG?

On fees, PBRG 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, HLXX or PBRG?

PBRG is cheaper with a 0.75% expense ratio, compared with 1.49% for HLXX.

Which ETF pays a higher dividend yield, HLXX or PBRG?

HLXX and PBRG have nearly identical dividend yields, around 0.00%.

What is the main difference between HLXX and PBRG?

HLXX tracks Hecla Mining Company (HL), while PBRG tracks Petroleo Brasileiro S.A. (PBR). They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for HLXX and 0.75% for PBRG.