KLAG vs. HOOG

Last updated Jun 23, 2026

KLAG (Leverage Shares 2X Long KLAC Daily ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds from Leverage Shares. KLAG is passively managed, while HOOG is actively managed. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

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

Returns By Period

In the year-to-date period, KLAG achieves a 286.34% return, which is significantly higher than HOOG's -37.65% return.

KLAG

• 1D: 7.24%
• 1M: 89.56%
• YTD: 286.34%
• 6M: 254.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -4.37%
• 1M: 92.50%
• YTD: -37.65%
• 6M: -47.26%
• 1Y: -5.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLAG vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
KLAG Leverage Shares 2X Long KLAC Daily ETF	286.34%	-0.75%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-37.65%	-6.09%

Correlation

The correlation between KLAG and HOOG is 0.32, 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 Dec 18, 2025	0.32

Return for Risk

KLAG vs. HOOG — Risk / Return Rank

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

KLAG

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

HOOG

HOOG Risk / Return Rank: 12
HOOG Sharpe Ratio Rank: 8
HOOG Sortino Ratio Rank: 18
HOOG Omega Ratio Rank: 17
HOOG Calmar Ratio Rank: 8
HOOG Martin Ratio Rank: 8

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. HOOG - 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 HOOD Daily ETF (HOOG). 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.

	KLAG	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.04	—
Sortino ratio: Return per unit of downside risk	—	0.98	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	-0.07	—
Martin ratio: Return relative to average drawdown	—	-0.11	—

Drawdowns

KLAG vs. HOOG - Drawdown Comparison

The maximum KLAG drawdown since its inception was -42.37%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for KLAG and HOOG.

Drawdown Indicators

	KLAG	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-86.94%	+44.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	0.00%	-70.92%	+70.92%
Average Drawdown Average peak-to-trough decline	-14.42%	-38.94%	+24.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	55.79%	—

Volatility

Volatility by Period

	KLAG	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	46.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	120.51%	139.56%	-19.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.51%	144.89%	-24.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.51%	144.89%	-24.38%

KLAG vs. HOOG - Expense Ratio Comparison

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

Dividends

KLAG vs. HOOG - Dividend Comparison

KLAG has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 19.73%.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	19.73%	12.30%
KLAG Leverage Shares 2X Long KLAC Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLAG and HOOG in my portfolio?

KLAG and HOOG have a correlation of 0.32, 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 HOOG?

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 HOOG?

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

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

HOOG has the higher dividend yield at 19.73%, compared with 0.00% for KLAG.