OPEG vs. OPEX
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 1.00 correlation, they move nearly in lockstep. OPEG charges 0.75%/yr vs 1.30%/yr for OPEX.
Performance
OPEG vs. OPEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OPEG having a -50.01% return and OPEX slightly lower at -52.36%.
OPEG
- 1D
- -21.06%
- 1M
- -15.31%
- YTD
- -50.01%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEX
- 1D
- -21.87%
- 1M
- -16.39%
- YTD
- -52.36%
- 6M
- -68.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEG vs. OPEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEG Leverage Shares 2X Long OPEN Daily ETF | -50.01% | -33.53% |
OPEX Tradr 2X Long OPEN Daily ETF | -52.36% | -33.55% |
Correlation
The correlation between OPEG and OPEX is 1.00 - 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 12, 2025 | 1.00 |
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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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| OPEG | OPEX | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | -0.52 | -0.09 |
Drawdowns
OPEG vs. OPEX - Drawdown Comparison
The maximum OPEG drawdown since its inception was -73.22%, smaller than the maximum OPEX drawdown of -86.97%. Use the drawdown chart below to compare losses from any high point for OPEG and OPEX.
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Drawdown Indicators
| OPEG | OPEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.22% | -86.97% | +13.75% |
Current DrawdownCurrent decline from peak | -66.77% | -83.93% | +17.16% |
Average DrawdownAverage peak-to-trough decline | -51.24% | -65.54% | +14.30% |
Volatility
OPEG vs. OPEX - Volatility Comparison
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Volatility by Period
| OPEG | OPEX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 148.86% | 173.18% | -24.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.86% | 173.18% | -24.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.86% | 173.18% | -24.32% |
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.
Frequently Asked Questions
With a correlation of 1.00, 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.
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.
OPEG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.
OPEG and OPEX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Tradr ETFs. Their fees differ too: 0.75% for OPEG and 1.30% for OPEX.
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