KLAG vs. GLWG

Last updated Jul 11, 2026

KLAG (Leverage Shares 2X Long KLAC Daily ETF) and GLWG (Leverage Shares 2X Long GLW Daily ETF) are both Leveraged Equities funds from Leverage Shares - KLAG tracks the KLA Corporation (KLAC) while GLWG tracks the Corning Incorporated (GLW). Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

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

Returns By Period

KLAG

• 1D: 0.89%
• 1M: -25.65%
• 6M: 100.02%
• YTD: 161.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLWG

• 1D: -1.75%
• 1M: 0.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLAG vs. GLWG - Yearly Performance Comparison

	2026 (YTD)
KLAG Leverage Shares 2X Long KLAC Daily ETF	109.82%
GLWG Leverage Shares 2X Long GLW Daily ETF	52.32%

Correlation

The correlation between KLAG and GLWG is 0.68, 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 10, 2026	0.68

Return for Risk

KLAG vs. GLWG - 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 GLW Daily ETF (GLWG). 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

KLAG vs. GLWG - Drawdown Comparison

The maximum KLAG drawdown since its inception was -51.10%, roughly equal to the maximum GLWG drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for KLAG and GLWG.

Drawdown Indicators

	KLAG	GLWG	Difference
Max Drawdown Largest peak-to-trough decline	-51.10%	-50.67%	-0.43%
Current Drawdown Current decline from peak	-44.52%	-47.02%	+2.50%
Average Drawdown Average peak-to-trough decline	-15.68%	-15.33%	-0.35%

Volatility

Volatility by Period

	KLAG	GLWG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	136.88%	175.80%	-38.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	136.88%	175.80%	-38.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	136.88%	175.80%	-38.92%

KLAG vs. GLWG - Expense Ratio Comparison

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

Dividends

KLAG vs. GLWG - Dividend Comparison

Neither KLAG nor GLWG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KLAG and GLWG in my portfolio?

KLAG and GLWG have a correlation of 0.68, 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 GLWG?

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 GLWG?

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

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

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

What is the main difference between KLAG and GLWG?

KLAG tracks KLA Corporation (KLAC), while GLWG tracks Corning Incorporated (GLW).