KLAG vs. TNA
KLAG (Leverage Shares 2X Long KLAC Daily ETF) and TNA (Direxion Daily Small Cap Bull 3X Shares) are both Leveraged Equities funds - KLAG tracks the KLA Corporation (KLAC) while TNA tracks the Russell 2000 Index (300% Daily). Both are passively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. KLAG charges 0.75%/yr vs 1.05%/yr for TNA.
Performance
KLAG vs. TNA - 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 TNA's 48.69% return.
KLAG
- 1D
- 2.71%
- 1M
- -42.24%
- 6M
- 22.97%
- YTD
- 58.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TNA
- 1D
- -1.37%
- 1M
- -7.22%
- 6M
- 28.70%
- YTD
- 48.69%
- 1Y
- 108.54%
- 3Y*
- 19.19%
- 5Y*
- -4.05%
- 10Y*
- 7.13%
- ALL TIME*
- 14.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $5.08M | $4.54M | |
| $284.85M | $300.19M | $411.47M |
KLAG vs. TNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KLAG Leverage Shares 2X Long KLAC Daily ETF | 58.32% | -0.75% |
TNA Direxion Daily Small Cap Bull 3X Shares | 48.69% | -1.75% |
Correlation
The correlation between KLAG and TNA is 0.60, 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 | 0.60 |
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Return for Risk
KLAG vs. TNA — Risk / Return Rank
KLAG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TNA
KLAG vs. TNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long KLAC Daily ETF (KLAG) and Direxion Daily Small Cap Bull 3X Shares (TNA). 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 | TNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.95 | — |
| Martin ratioReturn relative to average drawdown | — | 9.70 | — |
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Drawdowns
KLAG vs. TNA - Drawdown Comparison
The maximum KLAG drawdown since its inception was -70.99%, smaller than the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for KLAG and TNA.
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Drawdown Indicators
| KLAG | TNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.99% | -88.09% | +17.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -65.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.09% | — |
Current DrawdownCurrent decline from peak | -66.43% | -37.12% | -29.31% |
Average DrawdownAverage peak-to-trough decline | -19.57% | -33.92% | +14.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.90% | — |
Volatility
KLAG vs. TNA - Volatility Comparison
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Volatility by Period
| KLAG | TNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 138.36% | 57.87% | +80.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.36% | 67.19% | +71.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.36% | 68.35% | +70.01% |
KLAG vs. TNA - Expense Ratio Comparison
KLAG has a 0.75% expense ratio, which is lower than TNA's 1.05% expense ratio.
Dividends
KLAG vs. TNA - Dividend Comparison
KLAG has not paid dividends to shareholders, while TNA's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TNA Direxion Daily Small Cap Bull 3X Shares | 0.31% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% |
Frequently Asked Questions
KLAG and TNA have a correlation of 0.60, 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 1.05% for TNA.
TNA has the higher dividend yield at 0.31%, compared with 0.00% for KLAG.
KLAG tracks KLA Corporation (KLAC), while TNA tracks Russell 2000 Index (300% Daily). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for KLAG and 1.05% for TNA.
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