MPL vs. RTXG

Last updated Jun 7, 2026

MPL (Defiance Daily Target 2X Long MP ETF) and RTXG (Leverage Shares 2X Long RTX Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.43, they often move in opposite directions. MPL charges 1.31%/yr vs 0.75%/yr for RTXG.

Performance

MPL vs. RTXG - 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 RTX Daily ETF (RTXG). 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*: —

RTXG

• 1D: 1.76%
• 1M: 4.14%
• YTD: -8.74%
• 6M: 4.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPL vs. RTXG - Yearly Performance Comparison

	2026 (YTD)
MPL Defiance Daily Target 2X Long MP ETF	-24.56%
RTXG Leverage Shares 2X Long RTX Daily ETF	1.71%

Correlation

The correlation between MPL and RTXG is -0.43, 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 27, 2026	-0.43

Return for Risk

MPL vs. RTXG - 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 RTX Daily ETF (RTXG). 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	RTXG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	0.97	-1.55

Drawdowns

MPL vs. RTXG - Drawdown Comparison

The maximum MPL drawdown since its inception was -34.06%, smaller than the maximum RTXG drawdown of -37.49%. Use the drawdown chart below to compare losses from any high point for MPL and RTXG.

Drawdown Indicators

	MPL	RTXG	Difference
Max Drawdown Largest peak-to-trough decline	-34.06%	-37.49%	+3.43%
Current Drawdown Current decline from peak	-34.06%	-30.24%	-3.82%
Average Drawdown Average peak-to-trough decline	-9.74%	-8.84%	-0.90%

Volatility

Volatility by Period

	MPL	RTXG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	182.07%	49.05%	+133.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.07%	49.05%	+133.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.07%	49.05%	+133.02%

MPL vs. RTXG - Expense Ratio Comparison

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

Dividends

MPL vs. RTXG - Dividend Comparison

MPL has not paid dividends to shareholders, while RTXG's dividend yield for the trailing twelve months is around 6.97%.

Position	TTM	2025
MPL Defiance Daily Target 2X Long MP ETF	0.00%	0.00%
RTXG Leverage Shares 2X Long RTX Daily ETF	6.97%	6.36%

Frequently Asked Questions

Can I hold both MPL and RTXG in my portfolio?

MPL and RTXG have a correlation of -0.43, 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 RTXG?

On fees, RTXG 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 RTXG?

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

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

RTXG has the higher dividend yield at 6.97%, compared with 0.00% for MPL.

What is the main difference between MPL and RTXG?

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