ORLG vs. ARMG

Last updated Jun 4, 2026

ORLG (Leverage Shares 2X Long ORLY Daily ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds from Leverage Shares. ORLG is passively managed, while ARMG is actively managed. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ORLG vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ORLY Daily ETF (ORLG) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORLG

• 1D: 2.37%
• 1M: -14.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: 4.85%
• 1M: 261.28%
• YTD: 936.32%
• 6M: 526.62%
• 1Y: 510.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORLG vs. ARMG - Yearly Performance Comparison

	2026 (YTD)
ORLG Leverage Shares 2X Long ORLY Daily ETF	-19.31%
ARMG Leverage Shares 2X Long ARM Daily ETF	1,031.61%

Correlation

The correlation between ORLG and ARMG is 0.11, 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 Jan 16, 2026	0.11

Return for Risk

ORLG vs. ARMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARMG

ARMG Risk / Return Rank: 84
ARMG Sharpe Ratio Rank: 95
ARMG Sortino Ratio Rank: 80
ARMG Omega Ratio Rank: 77
ARMG Calmar Ratio Rank: 94
ARMG Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ORLG vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ORLY Daily ETF (ORLG) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ORLG	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	1.24	-2.03

Drawdowns

ORLG vs. ARMG - Drawdown Comparison

The maximum ORLG drawdown since its inception was -32.62%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for ORLG and ARMG.

Drawdown Indicators

	ORLG	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-32.62%	-80.28%	+47.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.13%	—
Current Drawdown Current decline from peak	-31.02%	0.00%	-31.02%
Average Drawdown Average peak-to-trough decline	-17.83%	-53.04%	+35.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.55%	—

Volatility

Volatility by Period

	ORLG	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	64.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	103.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	55.34%	130.31%	-74.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.34%	138.30%	-82.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.34%	138.30%	-82.96%

ORLG vs. ARMG - Expense Ratio Comparison

Both ORLG and ARMG have an expense ratio of 0.75%.

Dividends

ORLG vs. ARMG - Dividend Comparison

ORLG has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	0.47%	4.86%
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ORLG and ARMG in my portfolio?

ORLG and ARMG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORLG or ARMG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ORLG or ARMG?

ORLG and ARMG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ORLG or ARMG?

ARMG has the higher dividend yield at 0.47%, compared with 0.00% for ORLG.