RTXG vs. ICLO

Last updated Jun 4, 2026

RTXG (Leverage Shares 2X Long RTX Daily ETF) and ICLO (Invesco Aaa CLO Floating Rate Note ETF) are both exchange-traded funds - RTXG is a Leveraged Equities fund actively managed by Leverage Shares, while ICLO is a CLO fund actively managed by Invesco. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. RTXG charges 0.75%/yr vs 0.26%/yr for ICLO.

Performance

RTXG vs. ICLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long RTX Daily ETF (RTXG) and Invesco Aaa CLO Floating Rate Note ETF (ICLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RTXG achieves a -16.61% return, which is significantly lower than ICLO's 2.11% return.

RTXG

• 1D: -1.55%
• 1M: -0.77%
• YTD: -16.61%
• 6M: -2.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICLO

• 1D: 0.04%
• 1M: 0.49%
• YTD: 2.11%
• 6M: 2.50%
• 1Y: 5.71%
• 3Y*: 6.75%
• 5Y*: —
• 10Y*: —

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

RTXG vs. ICLO - Yearly Performance Comparison

	2026 (YTD)	2025
RTXG Leverage Shares 2X Long RTX Daily ETF	-16.61%	60.90%
ICLO Invesco Aaa CLO Floating Rate Note ETF	2.11%	3.24%

Correlation

The correlation between RTXG and ICLO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	-0.02

Return for Risk

RTXG vs. ICLO — Risk / Return Rank

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

ICLO

ICLO Risk / Return Rank: 97
ICLO Sharpe Ratio Rank: 96
ICLO Sortino Ratio Rank: 98
ICLO Omega Ratio Rank: 98
ICLO Calmar Ratio Rank: 98
ICLO Martin Ratio Rank: 98

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.

RTXG vs. ICLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long RTX Daily ETF (RTXG) and Invesco Aaa CLO Floating Rate Note ETF (ICLO). 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

	RTXG	ICLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	2.83	-2.12

Drawdowns

RTXG vs. ICLO - Drawdown Comparison

The maximum RTXG drawdown since its inception was -37.49%, which is greater than ICLO's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for RTXG and ICLO.

Drawdown Indicators

	RTXG	ICLO	Difference
Max Drawdown Largest peak-to-trough decline	-37.49%	-3.47%	-34.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.47%	—
Current Drawdown Current decline from peak	-36.25%	0.00%	-36.25%
Average Drawdown Average peak-to-trough decline	-8.66%	-0.06%	-8.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.08%	—

Volatility

Volatility by Period

	RTXG	ICLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	48.66%	1.37%	+47.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.66%	2.42%	+46.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.66%	2.42%	+46.24%

RTXG vs. ICLO - Expense Ratio Comparison

RTXG has a 0.75% expense ratio, which is higher than ICLO's 0.26% expense ratio.

Dividends

RTXG vs. ICLO - Dividend Comparison

RTXG's dividend yield for the trailing twelve months is around 7.63%, more than ICLO's 5.12% yield.

Position	TTM	2025	2024	2023
ICLO Invesco Aaa CLO Floating Rate Note ETF	5.12%	5.49%	6.51%	7.01%
RTXG Leverage Shares 2X Long RTX Daily ETF	7.63%	6.36%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RTXG and ICLO in my portfolio?

RTXG and ICLO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RTXG or ICLO?

On fees, ICLO is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RTXG or ICLO?

ICLO is cheaper with a 0.26% expense ratio, compared with 0.75% for RTXG.

Which ETF pays a higher dividend yield, RTXG or ICLO?

RTXG has the higher dividend yield at 7.63%, compared with 5.12% for ICLO.

What is the main difference between RTXG and ICLO?

RTXG is categorized as Leveraged Equities, while ICLO is CLO. They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.75% for RTXG and 0.26% for ICLO.