OPEX vs. PYPG
OPEX (Tradr 2X Long OPEN Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. OPEX charges 1.30%/yr vs 0.75%/yr for PYPG.
Performance
OPEX vs. PYPG - Performance Comparison
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Returns By Period
In the year-to-date period, OPEX achieves a -57.40% return, which is significantly lower than PYPG's -47.49% return.
OPEX
- 1D
- -19.75%
- 1M
- 5.57%
- 6M
- -71.40%
- YTD
- -57.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.37%
- 1M
- 23.65%
- 6M
- -45.84%
- YTD
- -47.49%
- 1Y
- -68.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEX vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEX Tradr 2X Long OPEN Daily ETF | -57.40% | -45.16% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -47.49% | -28.94% |
Correlation
The correlation between OPEX and PYPG is 0.44, 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 | 0.44 |
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Return for Risk
OPEX vs. PYPG — Risk / Return Rank
OPEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
OPEX vs. PYPG - 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 PYPL Daily ETF (PYPG). 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.
| OPEX | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.80 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.91 | — |
| Martin ratioReturn relative to average drawdown | — | -1.30 | — |
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Drawdowns
OPEX vs. PYPG - Drawdown Comparison
The maximum OPEX drawdown since its inception was -88.23%, which is greater than PYPG's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for OPEX and PYPG.
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Drawdown Indicators
| OPEX | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.23% | -79.52% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -85.63% | -73.76% | -11.87% |
Average DrawdownAverage peak-to-trough decline | -68.04% | -40.98% | -27.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 55.67% | — |
Volatility
OPEX vs. PYPG - Volatility Comparison
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Volatility by Period
| OPEX | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 70.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 169.50% | 78.81% | +90.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.50% | 77.67% | +91.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.50% | 77.67% | +91.83% |
OPEX vs. PYPG - Expense Ratio Comparison
OPEX has a 1.30% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
OPEX vs. PYPG - Dividend Comparison
Neither OPEX nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
OPEX and PYPG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.30% for OPEX.
OPEX and PYPG 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 PYPG.
Find the right allocation for OPEX and PYPG
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