RIOX vs. SPOG
RIOX (Defiance Daily Target 2X Long RIOT ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.09 correlation means their historical movements had little consistent relationship. RIOX charges 0.95%/yr vs 0.75%/yr for SPOG.
Performance
RIOX vs. SPOG - Performance Comparison
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Returns By Period
In the year-to-date period, RIOX achieves a 28.32% return, which is significantly higher than SPOG's -40.53% return.
RIOX
- 1D
- -17.51%
- 1M
- -27.36%
- 6M
- -6.06%
- YTD
- 28.32%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -22.05%
SPOG
- 1D
- -8.23%
- 1M
- 4.88%
- 6M
- -18.07%
- YTD
- -40.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.70M | $4.01M | $10.22M | |
| $166.22K | $181.03K | $420.26K |
RIOX vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 28.32% | -29.48% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.53% | -18.73% |
Correlation
The correlation between RIOX and SPOG is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.09 |
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Return for Risk
RIOX vs. SPOG — Risk / Return Rank
RIOX
SPOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RIOX vs. SPOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) and Leverage Shares 2X Long SPOT Daily ETF (SPOG). 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.
| RIOX | SPOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | — | — |
| Martin ratioReturn relative to average drawdown | -0.58 | — | — |
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Drawdowns
RIOX vs. SPOG - Drawdown Comparison
The maximum RIOX drawdown since its inception was -84.40%, which is greater than SPOG's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for RIOX and SPOG.
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Drawdown Indicators
| RIOX | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -64.41% | -19.99% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | — | — |
Current DrawdownCurrent decline from peak | -69.19% | -52.15% | -17.04% |
Average DrawdownAverage peak-to-trough decline | -52.12% | -43.46% | -8.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.84% | — | — |
Volatility
RIOX vs. SPOG - Volatility Comparison
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Volatility by Period
| RIOX | SPOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 132.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 179.86% | 96.11% | +83.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.60% | 96.11% | +77.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.60% | 96.11% | +77.49% |
RIOX vs. SPOG - Expense Ratio Comparison
RIOX has a 0.95% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
RIOX vs. SPOG - Dividend Comparison
RIOX's dividend yield for the trailing twelve months is around 47.35%, while SPOG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 47.35% | 60.76% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
RIOX and SPOG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.95% for RIOX.
RIOX has the higher dividend yield at 47.35%, compared with 0.00% for SPOG.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 0.95% for RIOX and 0.75% for SPOG.
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