PATX vs. USGG

Last updated Jun 5, 2026

PATX (Tradr 2X Long PATH Daily ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds - PATX tracks the UiPath, Inc. (PATH) while USGG tracks the USA Rare Earth, Inc. (USAR). Both are passively managed. At a 0.15 correlation, their price movements are largely independent. PATX charges 1.49%/yr vs 0.75%/yr for USGG.

Performance

PATX vs. USGG - 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 USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PATX

• 1D: 0.44%
• 1M: 13.07%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USGG

• 1D: -6.46%
• 1M: -12.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PATX vs. USGG - Yearly Performance Comparison

	2026 (YTD)
PATX Tradr 2X Long PATH Daily ETF	-56.95%
USGG Leverage Shares 2X Long USAR Daily ETF	53.51%

Correlation

The correlation between PATX and USGG is 0.15, 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 14, 2026	0.15

Return for Risk

PATX vs. USGG - 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 USAR Daily ETF (USGG). 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

	PATX	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.72	0.90	-1.62

Drawdowns

PATX vs. USGG - Drawdown Comparison

The maximum PATX drawdown since its inception was -70.28%, smaller than the maximum USGG drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for PATX and USGG.

Drawdown Indicators

	PATX	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-70.28%	-77.74%	+7.46%
Current Drawdown Current decline from peak	-56.95%	-36.76%	-20.19%
Average Drawdown Average peak-to-trough decline	-52.49%	-45.97%	-6.52%

Volatility

Volatility by Period

	PATX	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	123.88%	224.53%	-100.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.88%	224.53%	-100.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.88%	224.53%	-100.65%

PATX vs. USGG - Expense Ratio Comparison

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

Dividends

PATX vs. USGG - Dividend Comparison

Neither PATX nor USGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PATX and USGG in my portfolio?

PATX and USGG have a correlation of 0.15, 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 USGG?

On fees, USGG 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 USGG?

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

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

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

What is the main difference between PATX and USGG?

PATX tracks UiPath, Inc. (PATH), while USGG tracks USA Rare Earth, Inc. (USAR). They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for PATX and 0.75% for USGG.