KLAG vs. ASMG

Last updated Jun 5, 2026

KLAG (Leverage Shares 2X Long KLAC Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds from Leverage Shares. KLAG is passively managed, while ASMG is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

KLAG vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long KLAC Daily ETF (KLAG) 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, KLAG achieves a 156.16% return, which is significantly higher than ASMG's 135.99% return.

KLAG

• 1D: 0.41%
• 1M: 47.07%
• YTD: 156.16%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 3.70%
• 1M: 43.96%
• YTD: 135.99%
• 6M: 116.32%
• 1Y: 327.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLAG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
KLAG Leverage Shares 2X Long KLAC Daily ETF	156.16%	-1.92%
ASMG Leverage Shares 2X Long ASML Daily ETF	135.99%	5.96%

Correlation

The correlation between KLAG and ASMG is 0.79, 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 Dec 19, 2025	0.79

Return for Risk

KLAG vs. ASMG — Risk / Return Rank

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

ASMG

ASMG Risk / Return Rank: 88
ASMG Sharpe Ratio Rank: 96
ASMG Sortino Ratio Rank: 81
ASMG Omega Ratio Rank: 74
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 93

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.

KLAG vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long KLAC Daily ETF (KLAG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KLAG	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.15	1.97	+4.18

Drawdowns

KLAG vs. ASMG - Drawdown Comparison

The maximum KLAG drawdown since its inception was -42.37%, roughly equal to the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for KLAG and ASMG.

Drawdown Indicators

	KLAG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-43.95%	+1.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-15.46%	-13.24%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.85%	—

Volatility

Volatility by Period

	KLAG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	108.73%	81.20%	+27.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.73%	84.41%	+24.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.73%	84.41%	+24.32%

KLAG vs. ASMG - Expense Ratio Comparison

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

Dividends

KLAG vs. ASMG - Dividend Comparison

KLAG has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 4.75%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.75%	11.20%
KLAG Leverage Shares 2X Long KLAC Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLAG and ASMG in my portfolio?

KLAG and ASMG have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLAG or ASMG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLAG or ASMG?

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

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

ASMG has the higher dividend yield at 4.75%, compared with 0.00% for KLAG.