OPEX vs. OPEG

Last updated Jun 25, 2026

OPEX (Tradr 2X Long OPEN Daily ETF) and OPEG (Leverage Shares 2X Long OPEN Daily ETF) are both Leveraged Equities funds. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. OPEX charges 1.30%/yr vs 0.75%/yr for OPEG.

Performance

OPEX vs. OPEG - 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 OPEN Daily ETF (OPEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with OPEX having a -64.33% return and OPEG slightly higher at -62.14%.

OPEX

• 1D: 2.27%
• 1M: -18.26%
• YTD: -64.33%
• 6M: -69.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OPEG

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

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

OPEX vs. OPEG - Yearly Performance Comparison

	2026 (YTD)	2025
OPEX Tradr 2X Long OPEN Daily ETF	-64.33%	-32.76%
OPEG Leverage Shares 2X Long OPEN Daily ETF	-62.14%	-33.35%

Correlation

The correlation between OPEX and OPEG is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.99

Return for Risk

OPEX vs. OPEG - 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 OPEN Daily ETF (OPEG). 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. OPEG - Drawdown Comparison

The maximum OPEX drawdown since its inception was -88.23%, which is greater than OPEG's maximum drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for OPEX and OPEG.

Drawdown Indicators

	OPEX	OPEG	Difference
Max Drawdown Largest peak-to-trough decline	-88.23%	-75.76%	-12.47%
Current Drawdown Current decline from peak	-87.96%	-74.84%	-13.12%
Average Drawdown Average peak-to-trough decline	-66.91%	-53.09%	-13.82%

Volatility

Volatility by Period

	OPEX	OPEG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	169.41%	145.82%	+23.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.41%	145.82%	+23.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.41%	145.82%	+23.59%

OPEX vs. OPEG - Expense Ratio Comparison

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

Dividends

OPEX vs. OPEG - Dividend Comparison

Neither OPEX nor OPEG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OPEX and OPEG in my portfolio?

With a correlation of 0.99, OPEX and OPEG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, OPEX or OPEG?

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, OPEX or OPEG?

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

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

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

What is the main difference between OPEX and OPEG?

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