MPL vs. XYZG
MPL (Defiance Daily Target 2X Long MP ETF) and XYZG (Leverage Shares 2X Long XYZ Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. MPL charges 1.31%/yr vs 0.75%/yr for XYZG.
Performance
MPL vs. XYZG - Performance Comparison
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Returns By Period
MPL
- 1D
- -7.21%
- 1M
- -36.07%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYZG
- 1D
- 9.51%
- 1M
- 14.60%
- YTD
- 16.10%
- 6M
- 11.79%
- 1Y
- -2.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPL vs. XYZG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MPL Defiance Daily Target 2X Long MP ETF | -36.50% |
XYZG Leverage Shares 2X Long XYZ Daily ETF | 25.47% |
Correlation
The correlation between MPL and XYZG is 0.14, 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 26, 2026 | 0.14 |
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Return for Risk
MPL vs. XYZG — Risk / Return Rank
MPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XYZG
MPL vs. XYZG - 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 XYZ Daily ETF (XYZG). 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 | XYZG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.03 | — |
| Martin ratioReturn relative to average drawdown | — | -0.05 | — |
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Drawdowns
MPL vs. XYZG - Drawdown Comparison
The maximum MPL drawdown since its inception was -47.44%, smaller than the maximum XYZG drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for MPL and XYZG.
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Drawdown Indicators
| MPL | XYZG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -69.40% | +21.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.40% | — |
Current DrawdownCurrent decline from peak | -47.44% | -34.03% | -13.41% |
Average DrawdownAverage peak-to-trough decline | -27.24% | -29.66% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 39.09% | — |
Volatility
MPL vs. XYZG - Volatility Comparison
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Volatility by Period
| MPL | XYZG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 29.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 72.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 140.24% | 94.58% | +45.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.24% | 103.31% | +36.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.24% | 103.31% | +36.93% |
MPL vs. XYZG - Expense Ratio Comparison
MPL has a 1.31% expense ratio, which is higher than XYZG's 0.75% expense ratio.
Dividends
MPL vs. XYZG - Dividend Comparison
MPL has not paid dividends to shareholders, while XYZG's dividend yield for the trailing twelve months is around 5.77%.
| Position | TTM | 2025 |
|---|---|---|
MPL Defiance Daily Target 2X Long MP ETF | 0.00% | 0.00% |
XYZG Leverage Shares 2X Long XYZ Daily ETF | 5.77% | 6.69% |
Frequently Asked Questions
MPL and XYZG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYZG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYZG is cheaper with a 0.75% expense ratio, compared with 1.31% for MPL.
XYZG has the higher dividend yield at 5.77%, compared with 0.00% for MPL.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for MPL and 0.75% for XYZG.
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