PLTG vs. FMB
PLTG (Leverage Shares 2X Long PLTR Daily ETF) and FMB (First Trust Managed Municipal ETF) are both exchange-traded funds - PLTG is a Leveraged Equities fund actively managed by Leverage Shares, while FMB is a Municipal Bonds fund actively managed by First Trust. Both are actively managed. Over the past year, PLTG returned -24.67% vs 7.15% for FMB. At a correlation of -0.08, they often move in opposite directions. PLTG charges 0.75%/yr vs 0.50%/yr for FMB.
Performance
PLTG vs. FMB - Performance Comparison
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Returns By Period
In the year-to-date period, PLTG achieves a -47.23% return, which is significantly lower than FMB's 1.78% return.
PLTG
- 1D
- -13.32%
- 1M
- -9.50%
- YTD
- -47.23%
- 6M
- -47.68%
- 1Y
- -24.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMB
- 1D
- -0.04%
- 1M
- 0.70%
- YTD
- 1.78%
- 6M
- 2.21%
- 1Y
- 7.15%
- 3Y*
- 3.96%
- 5Y*
- 0.72%
- 10Y*
- 2.31%
PLTG vs. FMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTG Leverage Shares 2X Long PLTR Daily ETF | -47.23% | 86.53% |
FMB First Trust Managed Municipal ETF | 1.78% | 5.33% |
Correlation
The correlation between PLTG and FMB 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 (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | -0.08 |
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Return for Risk
PLTG vs. FMB — Risk / Return Rank
PLTG
FMB
PLTG vs. FMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLTR Daily ETF (PLTG) and First Trust Managed Municipal ETF (FMB). 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.
| PLTG | FMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.60 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.63 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.62 | 9.44 | -10.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTG | FMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 2.70 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.67 | -0.68 |
Drawdowns
PLTG vs. FMB - Drawdown Comparison
The maximum PLTG drawdown since its inception was -69.02%, which is greater than FMB's maximum drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for PLTG and FMB.
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Drawdown Indicators
| PLTG | FMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.02% | -14.16% | -54.86% |
Max Drawdown (1Y)Largest decline over 1 year | -69.02% | -2.73% | -66.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.16% | — |
Current DrawdownCurrent decline from peak | -64.14% | -0.50% | -63.64% |
Average DrawdownAverage peak-to-trough decline | -30.36% | -2.61% | -27.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.15% | 0.76% | +39.39% |
Volatility
PLTG vs. FMB - Volatility Comparison
Leverage Shares 2X Long PLTR Daily ETF (PLTG) has a higher volatility of 36.64% compared to First Trust Managed Municipal ETF (FMB) at 0.88%. This indicates that PLTG's price experiences larger fluctuations and is considered to be riskier than FMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTG | FMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.64% | 0.88% | +35.76% |
Volatility (6M)Calculated over the trailing 6-month period | 77.89% | 1.91% | +75.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.03% | 2.67% | +100.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.00% | 3.71% | +102.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.00% | 4.55% | +101.45% |
PLTG vs. FMB - Expense Ratio Comparison
PLTG has a 0.75% expense ratio, which is higher than FMB's 0.50% expense ratio.
Dividends
PLTG vs. FMB - Dividend Comparison
PLTG's dividend yield for the trailing twelve months is around 34.37%, more than FMB's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.50% | 3.37% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% |
PLTG Leverage Shares 2X Long PLTR Daily ETF | 34.37% | 18.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTG and FMB 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.
PLTG has higher volatility (36.64%) compared to FMB (0.88%). In terms of maximum drawdown, PLTG dropped -69.02% vs FMB's -14.16%.
On 1-year performance, FMB leads with 7.15% vs -24.67% for PLTG. On fees, FMB is cheaper at 0.50% per year. On volatility, FMB has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FMB has performed better with a 7.15% return vs -24.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FMB is cheaper with a 0.50% expense ratio, compared with 0.75% for PLTG.
PLTG has the higher dividend yield at 34.37%, compared with 3.50% for FMB.
PLTG is categorized as Leveraged Equities, while FMB is Municipal Bonds. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.75% for PLTG and 0.50% for FMB.
FMB currently has the higher Sharpe Ratio (2.70 vs -0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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