PBRG vs. ASMG

Last updated Aug 1, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds from Leverage Shares. PBRG is passively managed, while ASMG is actively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. Both charge a 0.75% expense ratio.

Performance

PBRG vs. ASMG - Performance Comparison

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

Returns By Period

In the year-to-date period, PBRG achieves a 144.07% return, which is significantly higher than ASMG's 86.81% return.

PBRG

• 1D: 3.30%
• 1M: 42.65%
• 6M: 48.66%
• YTD: 144.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASMG

• 1D: -2.63%
• 1M: -17.29%
• 6M: 9.24%
• YTD: 86.81%
• 1Y: 307.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMG Leverage Shares 2X Long ASML Daily ETF	$3.03M	$5.30M	$5.99M
PBRG Leverage Shares 2X Long PBR Daily ETF	$71.67K	$77.04K	$106.52K

PBRG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
PBRG Leverage Shares 2X Long PBR Daily ETF	144.07%	6.30%
ASMG Leverage Shares 2X Long ASML Daily ETF	86.81%	10.53%

Correlation

The correlation between PBRG and ASMG is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	-0.08

Return for Risk

PBRG vs. ASMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PBRG

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

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 90
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PBRG vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	PBRG	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	—	3.29	—
Sortino ratio: Return per unit of downside risk	—	3.13	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	7.35	—
Martin ratio: Return relative to average drawdown	—	22.78	—

Drawdowns

PBRG vs. ASMG - Drawdown Comparison

The maximum PBRG drawdown since its inception was -47.87%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for PBRG and ASMG.

Drawdown Indicators

	PBRG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-43.95%	-3.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-41.10%	—
Current Drawdown Current decline from peak	-24.44%	-35.29%	+10.85%
Average Drawdown Average peak-to-trough decline	-14.08%	-13.54%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.24%	—

Volatility

Volatility by Period

	PBRG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	74.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	68.66%	92.16%	-23.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.66%	89.81%	-21.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.66%	89.81%	-21.15%

PBRG vs. ASMG - Expense Ratio Comparison

Both PBRG and ASMG have an expense ratio of 0.75%.

Dividends

PBRG vs. ASMG - Dividend Comparison

PBRG has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 6.00%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	6.00%	11.20%
PBRG Leverage Shares 2X Long PBR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBRG and ASMG in my portfolio?

PBRG and ASMG 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, PBRG or ASMG?

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, PBRG or ASMG?

PBRG and ASMG have the same expense ratio: 0.75% per year.

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

ASMG has the higher dividend yield at 6.00%, compared with 0.00% for PBRG.