MPG vs. STSM
MPG (Leverage Shares 2X Long MP Daily ETF) and STSM (Defiance Daily Target 2X Short TSM ETF) are both Leveraged Equities funds. MPG is actively managed, while STSM is passively managed. At a correlation of -0.41, they often move in opposite directions. MPG charges 0.75%/yr vs 1.31%/yr for STSM.
Performance
MPG vs. STSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MPG achieves a -44.51% return, which is significantly higher than STSM's -61.97% return.
MPG
- 1D
- -2.60%
- 1M
- -43.38%
- 6M
- -68.37%
- YTD
- -44.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
STSM
- 1D
- 2.94%
- 1M
- 4.29%
- 6M
- -54.70%
- YTD
- -61.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $644.61K | $915.06K | $1.08M | |
| $754.10K | $576.45K | $381.48K |
MPG vs. STSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MPG Leverage Shares 2X Long MP Daily ETF | -44.51% | -26.49% |
STSM Defiance Daily Target 2X Short TSM ETF | -61.97% | -19.17% |
Correlation
The correlation between MPG and STSM is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MPG vs. STSM - 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 Daily Target 2X Short TSM ETF (STSM). 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.
Loading charts...
Drawdowns
MPG vs. STSM - Drawdown Comparison
The maximum MPG drawdown since its inception was -71.90%, smaller than the maximum STSM drawdown of -76.23%. Use the drawdown chart below to compare losses from any high point for MPG and STSM.
Loading charts...
Drawdown Indicators
| MPG | STSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.90% | -76.23% | +4.33% |
Current DrawdownCurrent decline from peak | -71.90% | -69.85% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -38.58% | -46.71% | +8.13% |
Volatility
MPG vs. STSM - Volatility Comparison
Loading charts...
Volatility by Period
| MPG | STSM | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 143.17% | 83.72% | +59.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.17% | 83.72% | +59.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.17% | 83.72% | +59.45% |
MPG vs. STSM - Expense Ratio Comparison
MPG has a 0.75% expense ratio, which is lower than STSM's 1.31% expense ratio.
Dividends
MPG vs. STSM - Dividend Comparison
Neither MPG nor STSM has paid dividends to shareholders.
Frequently Asked Questions
MPG and STSM have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MPG is cheaper with a 0.75% expense ratio, compared with 1.31% for STSM.
MPG and STSM have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for MPG and 1.31% for STSM.
Find the right allocation for MPG and STSM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer