OPEX vs. FUTG
OPEX (Tradr 2X Long OPEN Daily ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. OPEX charges 1.30%/yr vs 0.75%/yr for FUTG.
Performance
OPEX vs. FUTG - Performance Comparison
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Returns By Period
In the year-to-date period, OPEX achieves a -65.12% return, which is significantly higher than FUTG's -75.27% return.
OPEX
- 1D
- -4.00%
- 1M
- -20.07%
- YTD
- -65.12%
- 6M
- -69.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUTG
- 1D
- -4.37%
- 1M
- 14.94%
- YTD
- -75.27%
- 6M
- -75.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEX vs. FUTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEX Tradr 2X Long OPEN Daily ETF | -65.12% | -45.16% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.27% | -7.53% |
Correlation
The correlation between OPEX and FUTG is 0.38, 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 | 0.38 |
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Return for Risk
OPEX vs. FUTG - 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 FUTU Daily ETF (FUTG). 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. FUTG - Drawdown Comparison
The maximum OPEX drawdown since its inception was -88.23%, roughly equal to the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for OPEX and FUTG.
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Drawdown Indicators
| OPEX | FUTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.23% | -86.19% | -2.04% |
Current DrawdownCurrent decline from peak | -88.23% | -84.12% | -4.11% |
Average DrawdownAverage peak-to-trough decline | -66.78% | -43.44% | -23.34% |
Volatility
OPEX vs. FUTG - Volatility Comparison
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Volatility by Period
| OPEX | FUTG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 169.89% | 131.99% | +37.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.89% | 131.99% | +37.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.89% | 131.99% | +37.90% |
OPEX vs. FUTG - Expense Ratio Comparison
OPEX has a 1.30% expense ratio, which is higher than FUTG's 0.75% expense ratio.
Dividends
OPEX vs. FUTG - Dividend Comparison
Neither OPEX nor FUTG has paid dividends to shareholders.
Frequently Asked Questions
OPEX and FUTG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.
OPEX and FUTG 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 FUTG.
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