OSCG vs. UPSG

Last updated Jun 24, 2026

OSCG (Leverage Shares 2X Long OSCR Daily ETF) and UPSG (Leverage Shares 2X Long UPS Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

OSCG vs. UPSG - Performance Comparison

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

Returns By Period

In the year-to-date period, OSCG achieves a 229.85% return, which is significantly higher than UPSG's 8.86% return.

OSCG

• 1D: 11.12%
• 1M: 64.63%
• YTD: 229.85%
• 6M: 206.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UPSG

• 1D: -2.17%
• 1M: 8.09%
• YTD: 8.86%
• 6M: 6.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OSCG vs. UPSG - Yearly Performance Comparison

	2026 (YTD)	2025
OSCG Leverage Shares 2X Long OSCR Daily ETF	229.85%	-16.63%
UPSG Leverage Shares 2X Long UPS Daily ETF	8.86%	-3.39%

Correlation

The correlation between OSCG and UPSG is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.08

Return for Risk

OSCG vs. UPSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OSCR Daily ETF (OSCG) and Leverage Shares 2X Long UPS Daily ETF (UPSG). 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

OSCG vs. UPSG - Drawdown Comparison

The maximum OSCG drawdown since its inception was -71.31%, which is greater than UPSG's maximum drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for OSCG and UPSG.

Drawdown Indicators

	OSCG	UPSG	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-37.29%	-34.02%
Current Drawdown Current decline from peak	0.00%	-23.67%	+23.67%
Average Drawdown Average peak-to-trough decline	-34.29%	-17.22%	-17.07%

Volatility

Volatility by Period

	OSCG	UPSG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	147.79%	60.62%	+87.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.79%	60.62%	+87.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.79%	60.62%	+87.17%

OSCG vs. UPSG - Expense Ratio Comparison

Both OSCG and UPSG have an expense ratio of 0.75%.

Dividends

OSCG vs. UPSG - Dividend Comparison

Neither OSCG nor UPSG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OSCG and UPSG in my portfolio?

OSCG and UPSG have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSCG or UPSG?

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, OSCG or UPSG?

OSCG and UPSG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, OSCG or UPSG?

OSCG and UPSG have nearly identical dividend yields, around 0.00%.