RDWU vs. USGG

Last updated Aug 2, 2026

RDWU (T-REX 2X Long RDW Daily Target ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds - RDWU tracks the Redwire Corporation (RDW) while USGG tracks the USA Rare Earth, Inc. (USAR). Both are passively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. RDWU charges 1.50%/yr vs 0.75%/yr for USGG.

Performance

RDWU vs. USGG - 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 USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RDWU

• 1D: 3.22%
• 1M: -47.18%
• 6M: -78.61%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

USGG

• 1D: 3.55%
• 1M: -43.38%
• 6M: -76.34%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RDWU T-REX 2X Long RDW Daily Target ETF	$4.94M	$6.57M	$39.06M
USGG Leverage Shares 2X Long USAR Daily ETF	$1.27M	$1.44M	$4.05M

RDWU vs. USGG - Yearly Performance Comparison

	2026 (YTD)
RDWU T-REX 2X Long RDW Daily Target ETF	-83.76%
USGG Leverage Shares 2X Long USAR Daily ETF	-75.51%

Correlation

The correlation between RDWU and USGG is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	0.60

Return for Risk

RDWU vs. USGG - 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 USAR Daily ETF (USGG). 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

RDWU vs. USGG - Drawdown Comparison

The maximum RDWU drawdown since its inception was -93.35%, which is greater than USGG's maximum drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for RDWU and USGG.

Drawdown Indicators

	RDWU	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-93.35%	-87.55%	-5.80%
Current Drawdown Current decline from peak	-91.94%	-83.96%	-7.98%
Average Drawdown Average peak-to-trough decline	-63.18%	-52.76%	-10.42%

Volatility

Volatility by Period

	RDWU	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	247.03%	215.15%	+31.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	247.03%	215.15%	+31.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	247.03%	215.15%	+31.88%

RDWU vs. USGG - Expense Ratio Comparison

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

Dividends

RDWU vs. USGG - Dividend Comparison

Neither RDWU nor USGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RDWU and USGG in my portfolio?

RDWU and USGG have a correlation of 0.60, 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 USGG?

On fees, USGG 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 USGG?

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

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

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

What is the main difference between RDWU and USGG?

RDWU tracks Redwire Corporation (RDW), while USGG tracks USA Rare Earth, Inc. (USAR). They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for RDWU and 0.75% for USGG.