RDWU vs. GLWG

Last updated Jun 4, 2026

RDWU (T-REX 2X Long RDW Daily Target ETF) and GLWG (Leverage Shares 2X Long GLW Daily ETF) are both Leveraged Equities funds - RDWU tracks the Redwire Corporation (RDW) while GLWG tracks the Corning Incorporated (GLW). Both are passively managed. At a 0.30 correlation, their price movements are largely independent. RDWU charges 1.50%/yr vs 0.75%/yr for GLWG.

Performance

RDWU vs. GLWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long RDW Daily Target ETF (RDWU) and Leverage Shares 2X Long GLW Daily ETF (GLWG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RDWU

• 1D: -19.99%
• 1M: 264.40%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLWG

• 1D: 0.42%
• 1M: 46.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDWU vs. GLWG - Yearly Performance Comparison

	2026 (YTD)
RDWU T-REX 2X Long RDW Daily Target ETF	154.94%
GLWG Leverage Shares 2X Long GLW Daily ETF	85.97%

Correlation

The correlation between RDWU and GLWG is 0.30, 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 Mar 11, 2026	0.30

Return for Risk

RDWU vs. GLWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long RDW Daily Target ETF (RDWU) and Leverage Shares 2X Long GLW Daily ETF (GLWG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RDWU	GLWG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	8.78	-8.31

Drawdowns

RDWU vs. GLWG - Drawdown Comparison

The maximum RDWU drawdown since its inception was -66.94%, which is greater than GLWG's maximum drawdown of -29.53%. Use the drawdown chart below to compare losses from any high point for RDWU and GLWG.

Drawdown Indicators

	RDWU	GLWG	Difference
Max Drawdown Largest peak-to-trough decline	-66.94%	-29.53%	-37.41%
Current Drawdown Current decline from peak	-50.92%	-10.32%	-40.60%
Average Drawdown Average peak-to-trough decline	-43.16%	-10.71%	-32.45%

Volatility

Volatility by Period

	RDWU	GLWG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	251.67%	151.06%	+100.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	251.67%	151.06%	+100.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	251.67%	151.06%	+100.61%

RDWU vs. GLWG - Expense Ratio Comparison

RDWU has a 1.50% expense ratio, which is higher than GLWG's 0.75% expense ratio.

Dividends

RDWU vs. GLWG - Dividend Comparison

Neither RDWU nor GLWG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RDWU and GLWG in my portfolio?

RDWU and GLWG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDWU or GLWG?

On fees, GLWG 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, RDWU or GLWG?

GLWG is cheaper with a 0.75% expense ratio, compared with 1.50% for RDWU.

Which ETF pays a higher dividend yield, RDWU or GLWG?

RDWU and GLWG have nearly identical dividend yields, around 0.00%.

What is the main difference between RDWU and GLWG?

RDWU tracks Redwire Corporation (RDW), while GLWG tracks Corning Incorporated (GLW). They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for RDWU and 0.75% for GLWG.