KLAG vs. AXPG

Last updated Jun 5, 2026

KLAG (Leverage Shares 2X Long KLAC Daily ETF) and AXPG (Leverage Shares 2X Long AXP Daily ETF) are both Leveraged Equities funds from Leverage Shares - KLAG tracks the KLA Corporation (KLAC) while AXPG tracks the American Express Company (AXP). Both are passively managed. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

KLAG vs. AXPG - 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 AXP Daily ETF (AXPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KLAG

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

AXPG

• 1D: 8.14%
• 1M: -3.29%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLAG vs. AXPG - Yearly Performance Comparison

	2026 (YTD)
KLAG Leverage Shares 2X Long KLAC Daily ETF	90.55%
AXPG Leverage Shares 2X Long AXP Daily ETF	-21.03%

Correlation

The correlation between KLAG and AXPG is 0.20, 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 Feb 20, 2026	0.20

Return for Risk

KLAG vs. AXPG - 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 AXP Daily ETF (AXPG). 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	AXPG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	6.15	-0.91	+7.06

Drawdowns

KLAG vs. AXPG - Drawdown Comparison

The maximum KLAG drawdown since its inception was -42.37%, which is greater than AXPG's maximum drawdown of -30.54%. Use the drawdown chart below to compare losses from any high point for KLAG and AXPG.

Drawdown Indicators

	KLAG	AXPG	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-30.54%	-11.83%
Current Drawdown Current decline from peak	0.00%	-22.77%	+22.77%
Average Drawdown Average peak-to-trough decline	-15.46%	-21.07%	+5.61%

Volatility

Volatility by Period

	KLAG	AXPG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	108.73%	61.69%	+47.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.73%	61.69%	+47.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.73%	61.69%	+47.04%

KLAG vs. AXPG - Expense Ratio Comparison

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

Dividends

KLAG vs. AXPG - Dividend Comparison

Neither KLAG nor AXPG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KLAG and AXPG in my portfolio?

KLAG and AXPG have a correlation of 0.20, 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 AXPG?

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 AXPG?

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

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

KLAG and AXPG have nearly identical dividend yields, around 0.00%.

What is the main difference between KLAG and AXPG?

KLAG tracks KLA Corporation (KLAC), while AXPG tracks American Express Company (AXP).