MDBX vs. PYPG

Last updated Jul 17, 2026

MDBX (Tradr 2X Long MDB Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. MDBX charges 1.30%/yr vs 0.75%/yr for PYPG.

Performance

MDBX vs. PYPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long MDB Daily ETF (MDBX) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MDBX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PYPG

• 1D: 4.02%
• 1M: 61.13%
• 6M: -18.36%
• YTD: -23.41%
• 1Y: -56.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MDBX vs. PYPG - Yearly Performance Comparison

	2026 (YTD)	2025
MDBX Tradr 2X Long MDB Daily ETF	-74.57%	185.40%
PYPG Leverage Shares 2X Long PYPL Daily ETF	-23.41%	-35.24%

Correlation

The correlation between MDBX and PYPG is 0.17, 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 Aug 19, 2025	0.17

Return for Risk

MDBX vs. PYPG — Risk / Return Rank

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

MDBX

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

PYPG

PYPG Risk / Return Rank: 4
PYPG Sharpe Ratio Rank: 4
PYPG Sortino Ratio Rank: 5
PYPG Omega Ratio Rank: 4
PYPG Calmar Ratio Rank: 4
PYPG Martin Ratio Rank: 5

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.

MDBX vs. PYPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long MDB Daily ETF (MDBX) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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.

	MDBX	PYPG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.66	—
Sortino ratio: Return per unit of downside risk	—	-0.67	—
Omega ratio: Gain probability vs. loss probability	—	0.91	—
Calmar ratio: Return relative to maximum drawdown	—	-0.71	—
Martin ratio: Return relative to average drawdown	—	-1.00	—

Drawdowns

Drawdown Indicators

	MDBX	PYPG	Difference
Max Drawdown Largest peak-to-trough decline	—	-79.52%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-79.52%	—
Current Drawdown Current decline from peak	—	-61.72%	—
Average Drawdown Average peak-to-trough decline	—	-41.31%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	56.30%	—

Volatility

Volatility by Period

	MDBX	PYPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	34.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	77.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	85.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	83.28%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	83.28%	—

MDBX vs. PYPG - Expense Ratio Comparison

MDBX has a 1.30% expense ratio, which is higher than PYPG's 0.75% expense ratio.

Dividends

MDBX vs. PYPG - Dividend Comparison

Neither MDBX nor PYPG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MDBX and PYPG in my portfolio?

MDBX and PYPG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDBX or PYPG?

On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MDBX or PYPG?

PYPG is cheaper with a 0.75% expense ratio, compared with 1.30% for MDBX.

Which ETF pays a higher dividend yield, MDBX or PYPG?

MDBX and PYPG have nearly identical dividend yields, around 0.00%.

What is the main difference between MDBX and PYPG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for MDBX and 0.75% for PYPG.