PBRG vs. APHU

Last updated Jul 11, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and APHU (T-REX 2X Long APH Daily Target ETF) are both Leveraged Equities funds - PBRG tracks the Petroleo Brasileiro S.A. (PBR) while APHU tracks the Amphenol Corporation (APH). Both are passively managed. At a correlation of -0.16, they often move in opposite directions. PBRG charges 0.75%/yr vs 1.50%/yr for APHU.

Performance

PBRG vs. APHU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PBR Daily ETF (PBRG) and T-REX 2X Long APH Daily Target ETF (APHU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PBRG

• 1D: 3.66%
• 1M: -12.33%
• 6M: 96.94%
• YTD: 97.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APHU

• 1D: -4.37%
• 1M: 4.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBRG vs. APHU - Yearly Performance Comparison

	2026 (YTD)
PBRG Leverage Shares 2X Long PBR Daily ETF	26.25%
APHU T-REX 2X Long APH Daily Target ETF	-1.69%

Correlation

The correlation between PBRG and APHU is -0.16, 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 Feb 18, 2026	-0.16

Return for Risk

PBRG vs. APHU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and T-REX 2X Long APH Daily Target ETF (APHU). 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

PBRG vs. APHU - Drawdown Comparison

The maximum PBRG drawdown since its inception was -47.87%, which is greater than APHU's maximum drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for PBRG and APHU.

Drawdown Indicators

	PBRG	APHU	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-43.51%	-4.36%
Current Drawdown Current decline from peak	-38.99%	-19.50%	-19.49%
Average Drawdown Average peak-to-trough decline	-12.18%	-18.67%	+6.49%

Volatility

Volatility by Period

	PBRG	APHU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	69.01%	94.74%	-25.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.01%	94.74%	-25.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.01%	94.74%	-25.73%

PBRG vs. APHU - Expense Ratio Comparison

PBRG has a 0.75% expense ratio, which is lower than APHU's 1.50% expense ratio.

Dividends

PBRG vs. APHU - Dividend Comparison

Neither PBRG nor APHU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PBRG and APHU in my portfolio?

PBRG and APHU have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBRG or APHU?

On fees, PBRG 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, PBRG or APHU?

PBRG is cheaper with a 0.75% expense ratio, compared with 1.50% for APHU.

Which ETF pays a higher dividend yield, PBRG or APHU?

PBRG and APHU have nearly identical dividend yields, around 0.00%.

What is the main difference between PBRG and APHU?

PBRG tracks Petroleo Brasileiro S.A. (PBR), while APHU tracks Amphenol Corporation (APH). They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for PBRG and 1.50% for APHU.