MPG vs. SPCL

Last updated Jul 17, 2026

MPG (Leverage Shares 2X Long MP Daily ETF) and SPCL (Defiance Pure Space Daily 2X Strategy ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent.

Performance

MPG vs. SPCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long MP Daily ETF (MPG) and Defiance Pure Space Daily 2X Strategy ETF (SPCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MPG

• 1D: -16.13%
• 1M: -38.73%
• 6M: -66.34%
• YTD: -43.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCL

• 1D: -6.34%
• 1M: -61.66%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPG vs. SPCL - Yearly Performance Comparison

	2026 (YTD)
MPG Leverage Shares 2X Long MP Daily ETF	-54.51%
SPCL Defiance Pure Space Daily 2X Strategy ETF	-15.45%

Correlation

The correlation between MPG and SPCL is 0.35, 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 Apr 17, 2026	0.35

Return for Risk

MPG vs. SPCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long MP Daily ETF (MPG) and Defiance Pure Space Daily 2X Strategy ETF (SPCL). 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

MPG vs. SPCL - Drawdown Comparison

The maximum MPG drawdown since its inception was -71.31%, which is greater than SPCL's maximum drawdown of -61.66%. Use the drawdown chart below to compare losses from any high point for MPG and SPCL.

Drawdown Indicators

	MPG	SPCL	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-61.66%	-9.65%
Current Drawdown Current decline from peak	-71.31%	-61.66%	-9.65%
Average Drawdown Average peak-to-trough decline	-37.68%	-22.07%	-15.61%

Volatility

Volatility by Period

	MPG	SPCL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	145.05%	184.58%	-39.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.05%	184.58%	-39.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.05%	184.58%	-39.53%

Dividends

MPG vs. SPCL - Dividend Comparison

Neither MPG nor SPCL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MPG and SPCL in my portfolio?

MPG and SPCL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, MPG or SPCL?

MPG and SPCL have nearly identical dividend yields, around 0.00%.

What is the main difference between MPG and SPCL?

They also come from different issuers: Leverage Shares and Defiance.