KLAG vs. SAA
KLAG (Leverage Shares 2X Long KLAC Daily ETF) and SAA (ProShares Ultra SmallCap600) are both Leveraged Equities funds - KLAG tracks the KLA Corporation (KLAC) while SAA tracks the S&P SmallCap 600 Index (200%). Both are passively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. KLAG charges 0.75%/yr vs 0.95%/yr for SAA.
Performance
KLAG vs. SAA - Performance Comparison
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Returns By Period
In the year-to-date period, KLAG achieves a 58.32% return, which is significantly higher than SAA's 40.60% return.
KLAG
- 1D
- 2.71%
- 1M
- -42.24%
- 6M
- 22.97%
- YTD
- 58.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SAA
- 1D
- -0.46%
- 1M
- -1.90%
- 6M
- 26.90%
- YTD
- 40.60%
- 1Y
- 69.35%
- 3Y*
- 15.75%
- 5Y*
- 4.55%
- 10Y*
- 11.77%
- ALL TIME*
- 9.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $5.08M | $4.54M | |
| $74.40K | $123.70K | $201.98K |
KLAG vs. SAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KLAG Leverage Shares 2X Long KLAC Daily ETF | 58.32% | -0.75% |
SAA ProShares Ultra SmallCap600 | 40.60% | -2.73% |
Correlation
The correlation between KLAG and SAA is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.53 |
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Return for Risk
KLAG vs. SAA — Risk / Return Rank
KLAG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAA
KLAG vs. SAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long KLAC Daily ETF (KLAG) and ProShares Ultra SmallCap600 (SAA). 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 | SAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.56 | — |
| Martin ratioReturn relative to average drawdown | — | 11.78 | — |
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Drawdowns
KLAG vs. SAA - Drawdown Comparison
The maximum KLAG drawdown since its inception was -70.99%, smaller than the maximum SAA drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for KLAG and SAA.
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Drawdown Indicators
| KLAG | SAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.99% | -87.39% | +16.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.54% | — |
Current DrawdownCurrent decline from peak | -66.43% | -4.60% | -61.83% |
Average DrawdownAverage peak-to-trough decline | -19.57% | -27.22% | +7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.50% | — |
Volatility
KLAG vs. SAA - Volatility Comparison
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Volatility by Period
| KLAG | SAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 138.36% | 35.44% | +102.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.36% | 43.23% | +95.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.36% | 46.01% | +92.35% |
KLAG vs. SAA - Expense Ratio Comparison
KLAG has a 0.75% expense ratio, which is lower than SAA's 0.95% expense ratio.
Dividends
KLAG vs. SAA - Dividend Comparison
KLAG has not paid dividends to shareholders, while SAA's dividend yield for the trailing twelve months is around 0.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
KLAG Leverage Shares 2X Long KLAC Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAA ProShares Ultra SmallCap600 | 0.77% | 1.05% | 1.36% | 0.88% | 0.46% | 0.00% | 0.03% | 0.35% | 0.27% | 0.00% | 0.14% |
Frequently Asked Questions
KLAG and SAA have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KLAG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KLAG is cheaper with a 0.75% expense ratio, compared with 0.95% for SAA.
SAA has the higher dividend yield at 0.77%, compared with 0.00% for KLAG.
KLAG tracks KLA Corporation (KLAC), while SAA tracks S&P SmallCap 600 Index (200%). They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for KLAG and 0.95% for SAA.
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