MPL vs. ADBG
MPL (Defiance Daily Target 2X Long MP ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.27, they often move in opposite directions. MPL charges 1.31%/yr vs 0.75%/yr for ADBG.
Performance
MPL vs. ADBG - Performance Comparison
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Returns By Period
MPL
- 1D
- -16.51%
- 1M
- -39.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- 9.60%
- 1M
- 25.57%
- 6M
- -49.08%
- YTD
- -62.04%
- 1Y
- -67.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPL vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MPL Defiance Daily Target 2X Long MP ETF | -56.00% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -13.00% |
Correlation
The correlation between MPL and ADBG is -0.27, 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 May 26, 2026 | -0.27 |
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Return for Risk
MPL vs. ADBG — Risk / Return Rank
MPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ADBG
MPL vs. ADBG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MP ETF (MPL) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.
| MPL | ADBG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.86 | — |
| Martin ratioReturn relative to average drawdown | — | -1.46 | — |
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Drawdowns
MPL vs. ADBG - Drawdown Comparison
The maximum MPL drawdown since its inception was -63.58%, smaller than the maximum ADBG drawdown of -84.14%. Use the drawdown chart below to compare losses from any high point for MPL and ADBG.
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Drawdown Indicators
| MPL | ADBG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.58% | -84.14% | +20.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -78.97% | — |
Current DrawdownCurrent decline from peak | -63.58% | -76.95% | +13.37% |
Average DrawdownAverage peak-to-trough decline | -35.97% | -44.86% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 46.32% | — |
Volatility
MPL vs. ADBG - Volatility Comparison
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Volatility by Period
| MPL | ADBG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 23.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 61.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 131.93% | 71.84% | +60.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.93% | 69.74% | +62.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.93% | 69.74% | +62.19% |
MPL vs. ADBG - Expense Ratio Comparison
MPL has a 1.31% expense ratio, which is higher than ADBG's 0.75% expense ratio.
Dividends
MPL vs. ADBG - Dividend Comparison
Neither MPL nor ADBG has paid dividends to shareholders.
Frequently Asked Questions
MPL and ADBG have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ADBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ADBG is cheaper with a 0.75% expense ratio, compared with 1.31% for MPL.
MPL and ADBG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for MPL and 0.75% for ADBG.
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