OPEG vs. OPEX

Last updated Jun 25, 2026

OPEG (Leverage Shares 2X Long OPEN Daily ETF) and OPEX (Tradr 2X Long OPEN Daily ETF) are both Leveraged Equities funds. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. OPEG charges 0.75%/yr vs 1.30%/yr for OPEX.

Performance

OPEG vs. OPEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OPEN Daily ETF (OPEG) and Tradr 2X Long OPEN Daily ETF (OPEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OPEG having a -62.14% return and OPEX slightly lower at -64.33%.

OPEG

• 1D: 3.80%
• 1M: -16.41%
• YTD: -62.14%
• 6M: -67.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OPEX

• 1D: 2.27%
• 1M: -18.26%
• YTD: -64.33%
• 6M: -69.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OPEG vs. OPEX - Yearly Performance Comparison

	2026 (YTD)	2025
OPEG Leverage Shares 2X Long OPEN Daily ETF	-62.14%	-33.35%
OPEX Tradr 2X Long OPEN Daily ETF	-64.33%	-32.76%

Correlation

The correlation between OPEG and OPEX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.99

Return for Risk

OPEG vs. OPEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OPEN Daily ETF (OPEG) and Tradr 2X Long OPEN Daily ETF (OPEX). 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.

Drawdowns

OPEG vs. OPEX - Drawdown Comparison

The maximum OPEG drawdown since its inception was -75.76%, smaller than the maximum OPEX drawdown of -88.23%. Use the drawdown chart below to compare losses from any high point for OPEG and OPEX.

Drawdown Indicators

	OPEG	OPEX	Difference
Max Drawdown Largest peak-to-trough decline	-75.76%	-88.23%	+12.47%
Current Drawdown Current decline from peak	-74.84%	-87.96%	+13.12%
Average Drawdown Average peak-to-trough decline	-53.09%	-66.91%	+13.82%

Volatility

Volatility by Period

	OPEG	OPEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	145.82%	169.41%	-23.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.82%	169.41%	-23.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.82%	169.41%	-23.59%

OPEG vs. OPEX - Expense Ratio Comparison

OPEG has a 0.75% expense ratio, which is lower than OPEX's 1.30% expense ratio.

Dividends

OPEG vs. OPEX - Dividend Comparison

Neither OPEG nor OPEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OPEG and OPEX in my portfolio?

With a correlation of 0.99, OPEG and OPEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, OPEG or OPEX?

On fees, OPEG 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, OPEG or OPEX?

OPEG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.

Which ETF pays a higher dividend yield, OPEG or OPEX?

OPEG and OPEX have nearly identical dividend yields, around 0.00%.

What is the main difference between OPEG and OPEX?

They also come from different issuers: Leverage Shares and Tradr ETFs. Their fees differ too: 0.75% for OPEG and 1.30% for OPEX.