MPL vs. FIGG
MPL (Defiance Daily Target 2X Long MP ETF) and FIGG (Leverage Shares 2X Long FIG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. MPL charges 1.31%/yr vs 0.75%/yr for FIGG.
Performance
MPL vs. FIGG - Performance Comparison
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Returns By Period
MPL
- 1D
- -16.51%
- 1M
- -39.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIGG
- 1D
- -1.62%
- 1M
- 56.15%
- 6M
- -64.89%
- YTD
- -75.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPL vs. FIGG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MPL Defiance Daily Target 2X Long MP ETF | -56.00% |
FIGG Leverage Shares 2X Long FIG Daily ETF | -7.45% |
Correlation
The correlation between MPL and FIGG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | -0.08 |
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Return for Risk
MPL vs. FIGG - 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 FIG Daily ETF (FIGG). 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.
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Drawdowns
MPL vs. FIGG - Drawdown Comparison
The maximum MPL drawdown since its inception was -63.58%, smaller than the maximum FIGG drawdown of -95.77%. Use the drawdown chart below to compare losses from any high point for MPL and FIGG.
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Drawdown Indicators
| MPL | FIGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.58% | -95.77% | +32.19% |
Current DrawdownCurrent decline from peak | -63.58% | -92.28% | +28.70% |
Average DrawdownAverage peak-to-trough decline | -35.97% | -79.23% | +43.26% |
Volatility
MPL vs. FIGG - Volatility Comparison
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Volatility by Period
| MPL | FIGG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 131.93% | 149.43% | -17.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.93% | 149.43% | -17.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.93% | 149.43% | -17.50% |
MPL vs. FIGG - Expense Ratio Comparison
MPL has a 1.31% expense ratio, which is higher than FIGG's 0.75% expense ratio.
Dividends
MPL vs. FIGG - Dividend Comparison
Neither MPL nor FIGG has paid dividends to shareholders.
Frequently Asked Questions
MPL and FIGG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FIGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIGG is cheaper with a 0.75% expense ratio, compared with 1.31% for MPL.
MPL and FIGG 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 FIGG.
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