PATX vs. KLAG

Last updated Jun 25, 2026

PATX (Tradr 2X Long PATH Daily ETF) and KLAG (Leverage Shares 2X Long KLAC Daily ETF) are both Leveraged Equities funds - PATX tracks the UiPath, Inc. (PATH) while KLAG tracks the KLA Corporation (KLAC). Both are passively managed. At a correlation of -0.21, they often move in opposite directions. PATX charges 1.49%/yr vs 0.75%/yr for KLAG.

Performance

PATX vs. KLAG - Performance Comparison

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

Returns By Period

PATX

• 1D: 3.05%
• 1M: -14.35%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLAG

• 1D: -3.77%
• 1M: 49.61%
• YTD: 204.92%
• 6M: 175.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PATX vs. KLAG - Yearly Performance Comparison

	2026 (YTD)
PATX Tradr 2X Long PATH Daily ETF	-71.46%
KLAG Leverage Shares 2X Long KLAC Daily ETF	123.10%

Correlation

The correlation between PATX and KLAG is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	-0.21

Return for Risk

PATX vs. KLAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PATH Daily ETF (PATX) and Leverage Shares 2X Long KLAC Daily ETF (KLAG). 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

PATX vs. KLAG - Drawdown Comparison

The maximum PATX drawdown since its inception was -74.56%, which is greater than KLAG's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for PATX and KLAG.

Drawdown Indicators

	PATX	KLAG	Difference
Max Drawdown Largest peak-to-trough decline	-74.56%	-42.37%	-32.19%
Current Drawdown Current decline from peak	-71.46%	-21.08%	-50.38%
Average Drawdown Average peak-to-trough decline	-60.15%	-14.50%	-45.65%

Volatility

Volatility by Period

	PATX	KLAG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	119.50%	122.80%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.50%	122.80%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.50%	122.80%	-3.30%

PATX vs. KLAG - Expense Ratio Comparison

PATX has a 1.49% expense ratio, which is higher than KLAG's 0.75% expense ratio.

Dividends

PATX vs. KLAG - Dividend Comparison

Neither PATX nor KLAG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PATX and KLAG in my portfolio?

PATX and KLAG have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PATX or KLAG?

On fees, KLAG 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, PATX or KLAG?

KLAG is cheaper with a 0.75% expense ratio, compared with 1.49% for PATX.

Which ETF pays a higher dividend yield, PATX or KLAG?

PATX and KLAG have nearly identical dividend yields, around 0.00%.

What is the main difference between PATX and KLAG?

PATX tracks UiPath, Inc. (PATH), while KLAG tracks KLA Corporation (KLAC). They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for PATX and 0.75% for KLAG.