RTXG vs. NOC

Last updated Aug 2, 2026

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 63.09% vs -6.05% for NOC. Their 0.57 correlation means they have sometimes moved together and sometimes differently.

Performance

RTXG vs. NOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long RTX Daily ETF (RTXG) and Northrop Grumman Corporation (NOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RTXG achieves a 24.96% return, which is significantly higher than NOC's -4.14% return.

RTXG

• 1D: 0.90%
• 1M: 15.56%
• 6M: 5.40%
• YTD: 24.96%
• 1Y: 63.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 83.56%

NOC

• 1D: 1.43%
• 1M: -1.19%
• 6M: -21.04%
• YTD: -4.14%
• 1Y: -6.05%
• 3Y*: 8.36%
• 5Y*: 10.13%
• 10Y*: 11.28%
• ALL TIME*: 12.46%

*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)
NOC Northrop Grumman Corporation	$545.76M	$521.87M	$523.59M
RTXG Leverage Shares 2X Long RTX Daily ETF	$945.29K	$642.88K	$633.54K

RTXG vs. NOC - Yearly Performance Comparison

	2026 (YTD)	2025
RTXG Leverage Shares 2X Long RTX Daily ETF	24.96%	60.90%
NOC Northrop Grumman Corporation	-4.14%	17.75%

Correlation

The correlation between RTXG and NOC is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.57

The correlation between RTXG and NOC has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

RTXG vs. NOC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RTXG

RTXG Risk / Return Rank: 47
RTXG Sharpe Ratio Rank: 48
RTXG Sortino Ratio Rank: 53
RTXG Omega Ratio Rank: 50
RTXG Calmar Ratio Rank: 45
RTXG Martin Ratio Rank: 37

NOC

NOC Risk / Return Rank: 36
NOC Sharpe Ratio Rank: 37
NOC Sortino Ratio Rank: 32
NOC Omega Ratio Rank: 32
NOC Calmar Ratio Rank: 40
NOC Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	1.19	-0.17	+1.36
Sortino ratio: Return per unit of downside risk	1.89	-0.06	+1.95
Omega ratio: Gain probability vs. loss probability	1.23	0.99	+0.24
Calmar ratio: Return relative to maximum drawdown	1.64	-0.13	+1.77
Martin ratio: Return relative to average drawdown	3.79	-0.27	+4.06

RTXG vs. NOC - Sharpe Ratio Comparison

The current RTXG Sharpe Ratio is 1.19, which is higher than the NOC Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of RTXG and NOC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	RTXG	NOC	Difference
Max Drawdown Largest peak-to-trough decline	-37.49%	-71.12%	+33.63%
Max Drawdown (1Y) Largest decline over 1 year	-37.49%	-35.13%	-2.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.38%	—
Current Drawdown Current decline from peak	-4.48%	-29.06%	+24.58%
Average Drawdown Average peak-to-trough decline	-10.35%	-18.44%	+8.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.21%	16.55%	-0.34%

Volatility

RTXG vs. NOC - Volatility Comparison

Leverage Shares 2X Long RTX Daily ETF (RTXG) has a higher volatility of 18.65% compared to Northrop Grumman Corporation (NOC) at 8.69%. 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.

Volatility by Period

	RTXG	NOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.65%	8.69%	+9.96%
Volatility (6M) Calculated over the trailing 6-month period	40.50%	20.69%	+19.81%
Volatility (1Y) Calculated over the trailing 1-year period	51.89%	26.15%	+25.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.21%	25.67%	+25.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.21%	25.65%	+25.56%

Dividends

RTXG vs. NOC - Dividend Comparison

RTXG's dividend yield for the trailing twelve months is around 5.09%, more than NOC's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOC Northrop Grumman Corporation	1.73%	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	5.09%	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

Can I hold both RTXG and NOC in my portfolio?

RTXG and NOC have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RTXG or NOC?

RTXG has higher volatility (18.65%) compared to NOC (8.69%). In terms of maximum drawdown, RTXG dropped -37.49% vs NOC's -71.12%.

Which has better risk-adjusted returns?

RTXG currently has the higher Sharpe Ratio (1.19 vs -0.17), 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.