OPEX vs. DUOG

Last updated Jul 11, 2026

OPEX (Tradr 2X Long OPEN Daily ETF) and DUOG (Leverage Shares 2X Long DUOL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. OPEX charges 1.30%/yr vs 0.75%/yr for DUOG.

Performance

OPEX vs. DUOG - Performance Comparison

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

Returns By Period

In the year-to-date period, OPEX achieves a -57.40% return, which is significantly higher than DUOG's -61.38% return.

OPEX

• 1D: -19.75%
• 1M: 5.57%
• 6M: -71.40%
• YTD: -57.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DUOG

• 1D: -7.93%
• 1M: -2.05%
• 6M: -61.58%
• YTD: -61.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OPEX vs. DUOG - Yearly Performance Comparison

	2026 (YTD)	2025
OPEX Tradr 2X Long OPEN Daily ETF	-57.40%	-32.76%
DUOG Leverage Shares 2X Long DUOL Daily ETF	-61.38%	-25.09%

Correlation

The correlation between OPEX and DUOG is 0.33, 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	0.33

Return for Risk

OPEX vs. DUOG - 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 DUOL Daily ETF (DUOG). 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

OPEX vs. DUOG - Drawdown Comparison

The maximum OPEX drawdown since its inception was -88.23%, which is greater than DUOG's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for OPEX and DUOG.

Drawdown Indicators

	OPEX	DUOG	Difference
Max Drawdown Largest peak-to-trough decline	-88.23%	-83.13%	-5.10%
Current Drawdown Current decline from peak	-85.63%	-71.07%	-14.56%
Average Drawdown Average peak-to-trough decline	-68.04%	-64.57%	-3.47%

Volatility

Volatility by Period

	OPEX	DUOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	169.50%	115.61%	+53.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.50%	115.61%	+53.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.50%	115.61%	+53.89%

OPEX vs. DUOG - Expense Ratio Comparison

OPEX has a 1.30% expense ratio, which is higher than DUOG's 0.75% expense ratio.

Dividends

OPEX vs. DUOG - Dividend Comparison

Neither OPEX nor DUOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OPEX and DUOG in my portfolio?

OPEX and DUOG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPEX or DUOG?

On fees, DUOG 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, OPEX or DUOG?

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

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

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

What is the main difference between OPEX and DUOG?

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