RTXG vs. NOC
RTXG (Leverage Shares 2X Long RTX Daily ETF) is Leveraged Equities fund actively managed by Leverage Shares, while NOC (Northrop Grumman Corporation) is a stock. Over the past year, RTXG returned 41.48% vs 4.32% for NOC. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
RTXG vs. NOC - Performance Comparison
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Returns By Period
In the year-to-date period, RTXG achieves a -4.29% return, which is significantly higher than NOC's -9.31% return.
RTXG
- 1D
- 5.07%
- 1M
- 9.01%
- YTD
- -4.29%
- 6M
- -6.71%
- 1Y
- 41.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOC
- 1D
- 1.16%
- 1M
- -7.22%
- YTD
- -9.31%
- 6M
- -10.85%
- 1Y
- 4.32%
- 3Y*
- 5.91%
- 5Y*
- 8.52%
- 10Y*
- 10.97%
RTXG vs. NOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RTXG Leverage Shares 2X Long RTX Daily ETF | -4.29% | 60.90% |
NOC Northrop Grumman Corporation | -9.31% | 17.75% |
Correlation
The correlation between RTXG and NOC is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025 | 0.56 |
The correlation between RTXG and NOC has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
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Return for Risk
RTXG vs. NOC — Risk / Return Rank
RTXG
NOC
RTXG vs. NOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long RTX Daily ETF (RTXG) and Northrop Grumman Corporation (NOC). 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.
| RTXG | NOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.13 | +0.98 |
| Martin ratioReturn relative to average drawdown | 2.78 | 0.33 | +2.45 |
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Drawdowns
RTXG vs. NOC - Drawdown Comparison
The maximum RTXG drawdown since its inception was -37.49%, smaller than the maximum NOC drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for RTXG and NOC.
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Drawdown Indicators
| RTXG | NOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.49% | -71.12% | +33.63% |
Max Drawdown (1Y)Largest decline over 1 year | -37.49% | -33.65% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.38% | — |
Current DrawdownCurrent decline from peak | -26.83% | -32.88% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -18.41% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.97% | 13.09% | +1.88% |
Volatility
RTXG vs. NOC - Volatility Comparison
Leverage Shares 2X Long RTX Daily ETF (RTXG) has a higher volatility of 18.81% compared to Northrop Grumman Corporation (NOC) at 9.31%. This indicates that RTXG's price experiences larger fluctuations and is considered to be riskier than NOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTXG | NOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.81% | 9.31% | +9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 38.71% | 22.00% | +16.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.00% | 26.58% | +23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.19% | 25.43% | +24.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.19% | 25.51% | +24.68% |
Dividends
RTXG vs. NOC - Dividend Comparison
RTXG's dividend yield for the trailing twelve months is around 6.65%, more than NOC's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | 1.83% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
RTXG Leverage Shares 2X Long RTX Daily ETF | 6.65% | 6.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RTXG and NOC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RTXG has higher volatility (18.81%) compared to NOC (9.31%). In terms of maximum drawdown, RTXG dropped -37.49% vs NOC's -71.12%.
RTXG currently has the higher Sharpe Ratio (0.83 vs 0.16), 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.
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