OPEX vs. ADBG
OPEX (Tradr 2X Long OPEN Daily ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. OPEX charges 1.30%/yr vs 0.75%/yr for ADBG.
Performance
OPEX vs. ADBG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OPEX having a -52.36% return and ADBG slightly lower at -52.94%.
OPEX
- 1D
- -21.87%
- 1M
- -16.39%
- YTD
- -52.36%
- 6M
- -68.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- -4.56%
- 1M
- -1.43%
- YTD
- -52.94%
- 6M
- -46.73%
- 1Y
- -70.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEX vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEX Tradr 2X Long OPEN Daily ETF | -52.36% | -46.89% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -52.94% | -5.72% |
Correlation
The correlation between OPEX and ADBG is 0.18, 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 Oct 24, 2025 | 0.18 |
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Return for Risk
OPEX vs. ADBG — Risk / Return Rank
OPEX
ADBG
OPEX vs. ADBG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long OPEN Daily ETF (OPEX) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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
| OPEX | ADBG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.52 | -0.91 | +0.39 |
Drawdowns
OPEX vs. ADBG - Drawdown Comparison
The maximum OPEX drawdown since its inception was -86.97%, which is greater than ADBG's maximum drawdown of -76.71%. Use the drawdown chart below to compare losses from any high point for OPEX and ADBG.
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Drawdown Indicators
| OPEX | ADBG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.97% | -76.71% | -10.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.23% | — |
Current DrawdownCurrent decline from peak | -83.93% | -71.42% | -12.51% |
Average DrawdownAverage peak-to-trough decline | -65.54% | -41.64% | -23.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.12% | — |
Volatility
OPEX vs. ADBG - Volatility Comparison
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Volatility by Period
| OPEX | ADBG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 173.18% | 67.26% | +105.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.18% | 66.94% | +106.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.18% | 66.94% | +106.24% |
OPEX vs. ADBG - Expense Ratio Comparison
OPEX has a 1.30% expense ratio, which is higher than ADBG's 0.75% expense ratio.
Dividends
OPEX vs. ADBG - Dividend Comparison
Neither OPEX nor ADBG has paid dividends to shareholders.
Frequently Asked Questions
OPEX and ADBG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ADBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ADBG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.
OPEX and ADBG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr ETFs and Leverage Shares. Their fees differ too: 1.30% for OPEX and 0.75% for ADBG.
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