OPEX vs. FIGG
OPEX (Tradr 2X Long OPEN Daily ETF) and FIGG (Leverage Shares 2X Long FIG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. OPEX charges 1.30%/yr vs 0.75%/yr for FIGG.
Performance
OPEX vs. FIGG - Performance Comparison
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Returns By Period
In the year-to-date period, OPEX achieves a -61.13% return, which is significantly higher than FIGG's -74.27% return.
OPEX
- 1D
- 3.55%
- 1M
- 0.31%
- 6M
- -69.18%
- YTD
- -61.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIGG
- 1D
- 0.41%
- 1M
- 53.26%
- 6M
- -67.75%
- YTD
- -74.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEX vs. FIGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEX Tradr 2X Long OPEN Daily ETF | -61.13% | -45.16% |
FIGG Leverage Shares 2X Long FIG Daily ETF | -74.27% | -53.64% |
Correlation
The correlation between OPEX and FIGG is 0.24, 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 23, 2025 | 0.24 |
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Return for Risk
OPEX vs. FIGG - 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 FIG Daily ETF (FIGG). 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.
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Drawdowns
OPEX vs. FIGG - Drawdown Comparison
The maximum OPEX drawdown since its inception was -88.23%, smaller than the maximum FIGG drawdown of -95.77%. Use the drawdown chart below to compare losses from any high point for OPEX and FIGG.
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Drawdown Indicators
| OPEX | FIGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.23% | -95.77% | +7.54% |
Current DrawdownCurrent decline from peak | -86.89% | -91.98% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -68.25% | -79.09% | +10.84% |
Volatility
OPEX vs. FIGG - Volatility Comparison
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Volatility by Period
| OPEX | FIGG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 169.18% | 150.22% | +18.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.18% | 150.22% | +18.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.18% | 150.22% | +18.96% |
OPEX vs. FIGG - Expense Ratio Comparison
OPEX has a 1.30% expense ratio, which is higher than FIGG's 0.75% expense ratio.
Dividends
OPEX vs. FIGG - Dividend Comparison
Neither OPEX nor FIGG has paid dividends to shareholders.
Frequently Asked Questions
OPEX and FIGG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FIGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIGG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.
OPEX and FIGG 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 FIGG.
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