MPL vs. ASMG

Last updated Jun 7, 2026

MPL (Defiance Daily Target 2X Long MP ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. MPL charges 1.31%/yr vs 0.75%/yr for ASMG.

Performance

MPL vs. ASMG - Performance Comparison

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

Returns By Period

MPL

• 1D: -19.06%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: -13.67%
• 1M: 13.25%
• YTD: 103.72%
• 6M: 90.04%
• 1Y: 263.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPL vs. ASMG - Yearly Performance Comparison

	2026 (YTD)
MPL Defiance Daily Target 2X Long MP ETF	-24.56%
ASMG Leverage Shares 2X Long ASML Daily ETF	-0.42%

Correlation

The correlation between MPL and ASMG is 0.29, 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 May 27, 2026	0.29

Return for Risk

MPL vs. ASMG — Risk / Return Rank

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

ASMG

ASMG Risk / Return Rank: 84
ASMG Sharpe Ratio Rank: 93
ASMG Sortino Ratio Rank: 74
ASMG Omega Ratio Rank: 69
ASMG Calmar Ratio Rank: 95
ASMG Martin Ratio Rank: 89

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.

MPL vs. ASMG - 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 ASML Daily ETF (ASMG). 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.

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

Sharpe Ratios by Period

	MPL	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	1.63	-2.22

Drawdowns

MPL vs. ASMG - Drawdown Comparison

The maximum MPL drawdown since its inception was -34.06%, smaller than the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for MPL and ASMG.

Drawdown Indicators

	MPL	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-34.06%	-43.95%	+9.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	-34.06%	-13.67%	-20.39%
Average Drawdown Average peak-to-trough decline	-9.74%	-13.24%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.87%	—

Volatility

Volatility by Period

	MPL	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	30.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	65.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	182.07%	82.45%	+99.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.07%	85.15%	+96.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.07%	85.15%	+96.92%

MPL vs. ASMG - Expense Ratio Comparison

MPL has a 1.31% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

MPL vs. ASMG - Dividend Comparison

MPL has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 5.50%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	5.50%	11.20%
MPL Defiance Daily Target 2X Long MP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MPL and ASMG in my portfolio?

MPL and ASMG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPL or ASMG?

On fees, ASMG 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, MPL or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 1.31% for MPL.

Which ETF pays a higher dividend yield, MPL or ASMG?

ASMG has the higher dividend yield at 5.50%, compared with 0.00% for MPL.

What is the main difference between MPL and ASMG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for MPL and 0.75% for ASMG.