OPEX vs. OPEG
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. Their 0.99 correlation means they have historically moved very closely together. OPEX charges 1.30%/yr vs 0.75%/yr for OPEG.
Performance
OPEX vs. OPEG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with OPEX having a -72.24% return and OPEG slightly higher at -70.90%.
OPEX
- 1D
- 9.52%
- 1M
- -40.70%
- 6M
- -54.96%
- YTD
- -72.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
OPEG
- 1D
- 8.75%
- 1M
- -40.41%
- 6M
- -53.37%
- YTD
- -70.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $165.04K | $273.69K | $351.54K | |
| $1.62M | $1.85M | $1.70M |
OPEX vs. OPEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEX Tradr 2X Long OPEN Daily ETF | -72.24% | -32.76% |
OPEG Leverage Shares 2X Long OPEN Daily ETF | -70.90% | -33.35% |
Correlation
The correlation between OPEX and OPEG is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.99 |
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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.
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Drawdowns
OPEX vs. OPEG - Drawdown Comparison
The maximum OPEX drawdown since its inception was -91.93%, which is greater than OPEG's maximum drawdown of -83.21%. Use the drawdown chart below to compare losses from any high point for OPEX and OPEG.
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Drawdown Indicators
| OPEX | OPEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.93% | -83.21% | -8.72% |
Current DrawdownCurrent decline from peak | -90.64% | -80.66% | -9.98% |
Average DrawdownAverage peak-to-trough decline | -69.78% | -56.65% | -13.13% |
Volatility
OPEX vs. OPEG - Volatility Comparison
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Volatility by Period
| OPEX | OPEG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 167.72% | 147.23% | +20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 167.72% | 147.23% | +20.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 167.72% | 147.23% | +20.49% |
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.
Frequently Asked Questions
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.
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.
OPEG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.
OPEX and OPEG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for OPEX and 0.75% for OPEG.
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