HLXX vs. VALG

Last updated Jul 18, 2026

HLXX (Tradr 2X Long HL Daily ETF) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds - HLXX tracks the Hecla Mining Company (HL) while VALG tracks the Vale S.A. (VALE). Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. HLXX charges 1.49%/yr vs 0.75%/yr for VALG.

Performance

HLXX vs. VALG - 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 VALE Daily ETF (VALG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HLXX

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

VALG

• 1D: -0.46%
• 1M: -18.23%
• 6M: -17.10%
• YTD: 3.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HLXX vs. VALG - Yearly Performance Comparison

	2026 (YTD)
HLXX Tradr 2X Long HL Daily ETF	-38.81%
VALG Leverage Shares 2X Long VALE Daily ETF	-14.26%

Correlation

The correlation between HLXX and VALG is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.53

Return for Risk

HLXX vs. VALG - 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 VALE Daily ETF (VALG). 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. VALG - Drawdown Comparison

The maximum HLXX drawdown since its inception was -53.81%, which is greater than VALG's maximum drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for HLXX and VALG.

Drawdown Indicators

	HLXX	VALG	Difference
Max Drawdown Largest peak-to-trough decline	-53.81%	-41.01%	-12.80%
Current Drawdown Current decline from peak	-53.81%	-40.33%	-13.48%
Average Drawdown Average peak-to-trough decline	-23.40%	-15.95%	-7.45%

Volatility

Volatility by Period

	HLXX	VALG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	121.01%	73.31%	+47.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.01%	73.31%	+47.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.01%	73.31%	+47.70%

HLXX vs. VALG - Expense Ratio Comparison

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

Dividends

HLXX vs. VALG - Dividend Comparison

Neither HLXX nor VALG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HLXX and VALG in my portfolio?

HLXX and VALG have a correlation of 0.53, 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 VALG?

On fees, VALG 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 VALG?

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

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

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

What is the main difference between HLXX and VALG?

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