PBRG vs. HOOG

Last updated Jul 11, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds from Leverage Shares. PBRG is passively managed, while HOOG is actively managed. At a correlation of -0.08, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

PBRG vs. HOOG - 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 HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBRG achieves a 97.07% return, which is significantly higher than HOOG's -32.04% return.

PBRG

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

HOOG

• 1D: -5.50%
• 1M: 38.68%
• 6M: -33.91%
• YTD: -32.04%
• 1Y: -32.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBRG vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
PBRG Leverage Shares 2X Long PBR Daily ETF	97.07%	6.30%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-32.04%	-6.09%

Correlation

The correlation between PBRG and HOOG 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 18, 2025	-0.08

Return for Risk

PBRG vs. HOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

HOOG

HOOG Risk / Return Rank: 10
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 15
HOOG Omega Ratio Rank: 14
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBRG vs. HOOG - 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 HOOD Daily ETF (HOOG). 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	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.24	—
Sortino ratio: Return per unit of downside risk	—	0.60	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	-0.38	—
Martin ratio: Return relative to average drawdown	—	-0.56	—

Drawdowns

PBRG vs. HOOG - Drawdown Comparison

The maximum PBRG drawdown since its inception was -47.87%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for PBRG and HOOG.

Drawdown Indicators

	PBRG	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-86.94%	+39.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-38.99%	-68.30%	+29.31%
Average Drawdown Average peak-to-trough decline	-12.18%	-40.20%	+28.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	58.05%	—

Volatility

Volatility by Period

	PBRG	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	37.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	104.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	69.01%	138.25%	-69.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.01%	144.40%	-75.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.01%	144.40%	-75.39%

PBRG vs. HOOG - Expense Ratio Comparison

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

Dividends

PBRG vs. HOOG - Dividend Comparison

PBRG has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 18.10%.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	18.10%	12.30%
PBRG Leverage Shares 2X Long PBR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBRG and HOOG in my portfolio?

PBRG and HOOG 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 HOOG?

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 HOOG?

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

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

HOOG has the higher dividend yield at 18.10%, compared with 0.00% for PBRG.