PONX vs. SATG
PONX (Tradr 2X Long PONY Daily ETF) and SATG (Leverage Shares 2X Long SATS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. PONX charges 1.30%/yr vs 0.75%/yr for SATG.
Performance
PONX vs. SATG - Performance Comparison
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Returns By Period
In the year-to-date period, PONX achieves a -81.98% return, which is significantly lower than SATG's -29.37% return.
PONX
- 1D
- -14.03%
- 1M
- -36.66%
- YTD
- -81.98%
- 6M
- -84.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SATG
- 1D
- -4.82%
- 1M
- -34.82%
- YTD
- -29.37%
- 6M
- -27.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PONX vs. SATG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PONX Tradr 2X Long PONY Daily ETF | -81.98% | 11.02% |
SATG Leverage Shares 2X Long SATS Daily ETF | -29.37% | 6.04% |
Correlation
The correlation between PONX and SATG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.35 |
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Return for Risk
PONX vs. SATG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PONY Daily ETF (PONX) and Leverage Shares 2X Long SATS Daily ETF (SATG). 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.
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Drawdowns
PONX vs. SATG - Drawdown Comparison
The maximum PONX drawdown since its inception was -94.76%, which is greater than SATG's maximum drawdown of -50.77%. Use the drawdown chart below to compare losses from any high point for PONX and SATG.
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Drawdown Indicators
| PONX | SATG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.76% | -50.77% | -43.99% |
Current DrawdownCurrent decline from peak | -94.76% | -50.77% | -43.99% |
Average DrawdownAverage peak-to-trough decline | -66.82% | -21.97% | -44.85% |
Volatility
PONX vs. SATG - Volatility Comparison
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Volatility by Period
| PONX | SATG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 154.95% | 119.31% | +35.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.95% | 119.31% | +35.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.95% | 119.31% | +35.64% |
PONX vs. SATG - Expense Ratio Comparison
PONX has a 1.30% expense ratio, which is higher than SATG's 0.75% expense ratio.
Dividends
PONX vs. SATG - Dividend Comparison
Neither PONX nor SATG has paid dividends to shareholders.
Frequently Asked Questions
PONX and SATG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SATG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SATG is cheaper with a 0.75% expense ratio, compared with 1.30% for PONX.
PONX and SATG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for PONX and 0.75% for SATG.
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