PBRG vs. SOUX

Last updated Jun 23, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and SOUX (Defiance Daily Target 2X Long SOUN ETF) are both Leveraged Equities funds. At a correlation of -0.05, they often move in opposite directions. PBRG charges 0.75%/yr vs 1.29%/yr for SOUX.

Performance

PBRG vs. SOUX - Performance Comparison

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

Returns By Period

In the year-to-date period, PBRG achieves a 91.10% return, which is significantly higher than SOUX's -69.41% return.

PBRG

• 1D: 2.70%
• 1M: -26.50%
• YTD: 91.10%
• 6M: 106.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOUX

• 1D: -6.93%
• 1M: -33.85%
• YTD: -69.41%
• 6M: -76.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBRG vs. SOUX - Yearly Performance Comparison

	2026 (YTD)	2025
PBRG Leverage Shares 2X Long PBR Daily ETF	91.10%	6.30%
SOUX Defiance Daily Target 2X Long SOUN ETF	-69.41%	-20.45%

Correlation

The correlation between PBRG and SOUX is -0.05, 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	-0.05

Return for Risk

PBRG vs. SOUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and Defiance Daily Target 2X Long SOUN ETF (SOUX). 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. SOUX - Drawdown Comparison

The maximum PBRG drawdown since its inception was -42.40%, smaller than the maximum SOUX drawdown of -95.03%. Use the drawdown chart below to compare losses from any high point for PBRG and SOUX.

Drawdown Indicators

	PBRG	SOUX	Difference
Max Drawdown Largest peak-to-trough decline	-42.40%	-95.03%	+52.63%
Current Drawdown Current decline from peak	-40.84%	-94.61%	+53.77%
Average Drawdown Average peak-to-trough decline	-8.91%	-60.97%	+52.06%

Volatility

Volatility by Period

	PBRG	SOUX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.25%	161.75%	-91.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.25%	161.75%	-91.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.25%	161.75%	-91.50%

PBRG vs. SOUX - Expense Ratio Comparison

PBRG has a 0.75% expense ratio, which is lower than SOUX's 1.29% expense ratio.

Dividends

PBRG vs. SOUX - Dividend Comparison

PBRG has not paid dividends to shareholders, while SOUX's dividend yield for the trailing twelve months is around 66.34%.

Position	TTM	2025
PBRG Leverage Shares 2X Long PBR Daily ETF	0.00%	0.00%
SOUX Defiance Daily Target 2X Long SOUN ETF	66.34%	20.29%

Frequently Asked Questions

Can I hold both PBRG and SOUX in my portfolio?

PBRG and SOUX have a correlation of -0.05, 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 SOUX?

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 SOUX?

PBRG is cheaper with a 0.75% expense ratio, compared with 1.29% for SOUX.

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

SOUX has the higher dividend yield at 66.34%, compared with 0.00% for PBRG.

What is the main difference between PBRG and SOUX?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for PBRG and 1.29% for SOUX.