PYPG vs. INTW

Last updated Jun 23, 2026

PYPG (Leverage Shares 2X Long PYPL Daily ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, PYPG returned -72.85% vs 1964.55% for INTW. At a 0.19 correlation, their price movements are largely independent. PYPG charges 0.75%/yr vs 1.50%/yr for INTW.

Performance

PYPG vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PYPL Daily ETF (PYPG) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYPG achieves a -55.53% return, which is significantly lower than INTW's 750.22% return.

PYPG

• 1D: -0.74%
• 1M: -9.60%
• YTD: -55.53%
• 6M: -57.84%
• 1Y: -72.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PYPG vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
PYPG Leverage Shares 2X Long PYPL Daily ETF	-55.53%	-20.19%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	91.78%

Correlation

The correlation between PYPG and INTW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.19

Return for Risk

PYPG vs. INTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PYPG

PYPG Risk / Return Rank: 1
PYPG Sharpe Ratio Rank: 2
PYPG Sortino Ratio Rank: 1
PYPG Omega Ratio Rank: 1
PYPG Calmar Ratio Rank: 1
PYPG Martin Ratio Rank: 2

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

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.

PYPG vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PYPL Daily ETF (PYPG) and GraniteShares 2x Long INTC Daily ETF (INTW). 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.

	PYPG	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	13.25	-14.19
Sortino ratio: Return per unit of downside risk	-1.49	5.13	-6.62
Omega ratio: Gain probability vs. loss probability	0.79	1.65	-0.86
Calmar ratio: Return relative to maximum drawdown	-0.92	40.32	-41.24
Martin ratio: Return relative to average drawdown	-1.38	91.49	-92.87

PYPG vs. INTW - Sharpe Ratio Comparison

The current PYPG Sharpe Ratio is -0.94, which is lower than the INTW Sharpe Ratio of 13.25. The chart below compares the historical Sharpe Ratios of PYPG and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PYPG vs. INTW - Drawdown Comparison

The maximum PYPG drawdown since its inception was -79.52%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for PYPG and INTW.

Drawdown Indicators

	PYPG	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-60.58%	-18.94%
Max Drawdown (1Y) Largest decline over 1 year	-79.52%	-49.34%	-30.18%
Current Drawdown Current decline from peak	-77.77%	-12.49%	-65.28%
Average Drawdown Average peak-to-trough decline	-39.49%	-29.66%	-9.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.94%	21.70%	+31.24%

Volatility

PYPG vs. INTW - Volatility Comparison

The current volatility for Leverage Shares 2X Long PYPL Daily ETF (PYPG) is 17.67%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.81%. This indicates that PYPG experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYPG	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	55.81%	-38.14%
Volatility (6M) Calculated over the trailing 6-month period	69.16%	119.10%	-49.94%
Volatility (1Y) Calculated over the trailing 1-year period	77.77%	150.14%	-72.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.90%	148.88%	-70.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.90%	148.88%	-70.98%

PYPG vs. INTW - Expense Ratio Comparison

PYPG has a 0.75% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

PYPG vs. INTW - Dividend Comparison

Neither PYPG nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PYPG and INTW in my portfolio?

PYPG and INTW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYPG or INTW?

INTW has higher volatility (55.81%) compared to PYPG (17.67%). In terms of maximum drawdown, PYPG dropped -79.52% vs INTW's -60.58%.

Which ETF is better, PYPG or INTW?

On 1-year performance, INTW leads with 1964.55% vs -72.85% for PYPG. On fees, PYPG is cheaper at 0.75% per year. On volatility, PYPG has been the lower-risk option at 17.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PYPG or INTW?

Over the 1-year period, INTW has performed better with a 1964.55% return vs -72.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PYPG or INTW?

PYPG is cheaper with a 0.75% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, PYPG or INTW?

PYPG and INTW have nearly identical dividend yields, around 0.00%.

What is the main difference between PYPG and INTW?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for PYPG and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs -0.94), 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.