OPEG vs. OSCX

Last updated Jun 25, 2026

OPEG (Leverage Shares 2X Long OPEN Daily ETF) and OSCX (Defiance Daily Target 2X Long OSCR ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. OPEG charges 0.75%/yr vs 1.31%/yr for OSCX.

Performance

OPEG vs. OSCX - Performance Comparison

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

Returns By Period

In the year-to-date period, OPEG achieves a -62.14% return, which is significantly lower than OSCX's 192.47% return.

OPEG

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

OSCX

• 1D: -6.06%
• 1M: 52.98%
• YTD: 192.47%
• 6M: 168.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OPEG vs. OSCX - Yearly Performance Comparison

	2026 (YTD)	2025
OPEG Leverage Shares 2X Long OPEN Daily ETF	-62.14%	-33.35%
OSCX Defiance Daily Target 2X Long OSCR ETF	192.47%	-17.46%

Correlation

The correlation between OPEG and OSCX is 0.11, 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 Dec 11, 2025	0.11

Return for Risk

OPEG vs. OSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OPEN Daily ETF (OPEG) and Defiance Daily Target 2X Long OSCR ETF (OSCX). 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. OSCX - Drawdown Comparison

The maximum OPEG drawdown since its inception was -75.76%, smaller than the maximum OSCX drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for OPEG and OSCX.

Drawdown Indicators

	OPEG	OSCX	Difference
Max Drawdown Largest peak-to-trough decline	-75.76%	-84.49%	+8.73%
Current Drawdown Current decline from peak	-74.84%	-7.02%	-67.82%
Average Drawdown Average peak-to-trough decline	-53.09%	-52.39%	-0.70%

Volatility

Volatility by Period

	OPEG	OSCX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	145.82%	148.46%	-2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.82%	148.46%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.82%	148.46%	-2.64%

OPEG vs. OSCX - Expense Ratio Comparison

OPEG has a 0.75% expense ratio, which is lower than OSCX's 1.31% expense ratio.

Dividends

OPEG vs. OSCX - Dividend Comparison

Neither OPEG nor OSCX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OPEG and OSCX in my portfolio?

OPEG and OSCX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPEG or OSCX?

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 OSCX?

OPEG is cheaper with a 0.75% expense ratio, compared with 1.31% for OSCX.

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

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

What is the main difference between OPEG and OSCX?

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