HOOG vs. ASMG

Last updated Jun 4, 2026

HOOG (Leverage Shares 2X Long HOOD Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, HOOG returned -29.31% vs 308.54% for ASMG. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

HOOG vs. ASMG - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOG achieves a -60.40% return, which is significantly lower than ASMG's 127.56% return.

HOOG

• 1D: -12.13%
• 1M: 10.59%
• YTD: -60.40%
• 6M: -72.73%
• 1Y: -29.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 2.43%
• 1M: 49.91%
• YTD: 127.56%
• 6M: 96.41%
• 1Y: 308.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-60.40%	291.44%
ASMG Leverage Shares 2X Long ASML Daily ETF	127.56%	81.61%

Correlation

The correlation between HOOG and ASMG is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.38

Return for Risk

HOOG vs. ASMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 13
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

ASMG

ASMG Risk / Return Rank: 86
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 77
ASMG Omega Ratio Rank: 71
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HOOG vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long HOOD Daily ETF (HOOG) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	HOOG	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	3.83	-4.05
Sortino ratio: Return per unit of downside risk	0.64	3.45	-2.82
Omega ratio: Gain probability vs. loss probability	1.07	1.42	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.34	8.99	-9.33
Martin ratio: Return relative to average drawdown	-0.55	22.40	-22.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOOG vs. ASMG - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is -0.22, which is lower than the ASMG Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of HOOG and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HOOG	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	3.83	-4.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.89	-1.59

Drawdowns

HOOG vs. ASMG - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for HOOG and ASMG.

Drawdown Indicators

	HOOG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-43.95%	-42.99%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-34.56%	-52.38%
Current Drawdown Current decline from peak	-81.53%	0.00%	-81.53%
Average Drawdown Average peak-to-trough decline	-37.56%	-13.28%	-24.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.22%	13.85%	+39.37%

Volatility

HOOG vs. ASMG - Volatility Comparison

Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a higher volatility of 41.51% compared to Leverage Shares 2X Long ASML Daily ETF (ASMG) at 29.17%. This indicates that HOOG's price experiences larger fluctuations and is considered to be riskier than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.51%	29.17%	+12.34%
Volatility (6M) Calculated over the trailing 6-month period	100.64%	64.23%	+36.41%
Volatility (1Y) Calculated over the trailing 1-year period	137.15%	81.15%	+56.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.88%	84.49%	+60.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.88%	84.49%	+60.39%

HOOG vs. ASMG - Expense Ratio Comparison

Both HOOG and ASMG have an expense ratio of 0.75%.

Dividends

HOOG vs. ASMG - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 31.07%, more than ASMG's 4.92% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.92%	11.20%
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.07%	12.30%

Frequently Asked Questions

Can I hold both HOOG and ASMG in my portfolio?

HOOG and ASMG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOG or ASMG?

HOOG has higher volatility (41.51%) compared to ASMG (29.17%). In terms of maximum drawdown, HOOG dropped -86.94% vs ASMG's -43.95%.

Which ETF is better, HOOG or ASMG?

On 1-year performance, ASMG leads with 308.54% vs -29.31% for HOOG. Both ETFs have the same 0.75% expense ratio. On volatility, ASMG has been the lower-risk option at 29.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOG or ASMG?

Over the 1-year period, ASMG has performed better with a 308.54% return vs -29.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOG or ASMG?

HOOG and ASMG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, HOOG or ASMG?

HOOG has the higher dividend yield at 31.07%, compared with 4.92% for ASMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.83 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.