SGVT vs. ASMG

Last updated Aug 2, 2026

SGVT (Schwab Government Money Market ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both exchange-traded funds - SGVT is a Money Market fund actively managed by Charles Schwab, while ASMG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, SGVT returned 3.64% vs 307.23% for ASMG. Their -0.12 correlation means they have often moved in opposite directions in the past. SGVT charges 0.28%/yr vs 0.75%/yr for ASMG.

Performance

SGVT vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Government Money Market ETF (SGVT) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGVT achieves a 1.97% return, which is significantly lower than ASMG's 86.81% return.

SGVT

• 1D: 0.02%
• 1M: 0.26%
• 6M: 1.68%
• YTD: 1.97%
• 1Y: 3.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.72%

ASMG

• 1D: -2.63%
• 1M: -17.29%
• 6M: 9.24%
• YTD: 86.81%
• 1Y: 307.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.67%

*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)
ASMG Leverage Shares 2X Long ASML Daily ETF	$3.03M	$5.30M	$5.99M
SGVT Schwab Government Money Market ETF	$26.96M	$24.05M	$24.48M

SGVT vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
SGVT Schwab Government Money Market ETF	1.97%	2.22%
ASMG Leverage Shares 2X Long ASML Daily ETF	86.81%	62.89%

Correlation

The correlation between SGVT and ASMG is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	-0.12

Return for Risk

SGVT vs. ASMG — Risk / Return Rank

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

SGVT

SGVT Risk / Return Rank: 100
SGVT Sharpe Ratio Rank: 100
SGVT Sortino Ratio Rank: 100
SGVT Omega Ratio Rank: 100
SGVT Calmar Ratio Rank: 100
SGVT Martin Ratio Rank: 100

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 90
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 96

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.

SGVT vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Government Money Market ETF (SGVT) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	SGVT	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	17.00	3.29	+13.71
Sortino ratio: Return per unit of downside risk	82.01	3.13	+78.88
Omega ratio: Gain probability vs. loss probability	28.17	1.38	+26.79
Calmar ratio: Return relative to maximum drawdown	136.99	7.35	+129.64
Martin ratio: Return relative to average drawdown	1,091.16	22.78	+1,068.38

SGVT vs. ASMG - Sharpe Ratio Comparison

The current SGVT Sharpe Ratio is 17.00, which is higher than the ASMG Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of SGVT and ASMG, 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

SGVT vs. ASMG - Drawdown Comparison

The maximum SGVT drawdown since its inception was -0.03%, smaller than the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for SGVT and ASMG.

Drawdown Indicators

	SGVT	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-43.95%	+43.92%
Max Drawdown (1Y) Largest decline over 1 year	-0.03%	-41.10%	+41.07%
Current Drawdown Current decline from peak	0.00%	-35.29%	+35.29%
Average Drawdown Average peak-to-trough decline	0.00%	-13.54%	+13.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	13.24%	-13.24%

Volatility

SGVT vs. ASMG - Volatility Comparison

The current volatility for Schwab Government Money Market ETF (SGVT) is 0.05%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 29.36%. This indicates that SGVT experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGVT	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	29.36%	-29.31%
Volatility (6M) Calculated over the trailing 6-month period	0.15%	74.68%	-74.53%
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	92.16%	-91.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.21%	89.81%	-89.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.21%	89.81%	-89.60%

SGVT vs. ASMG - Expense Ratio Comparison

SGVT has a 0.28% expense ratio, which is lower than ASMG's 0.75% expense ratio.

Dividends

SGVT vs. ASMG - Dividend Comparison

SGVT's dividend yield for the trailing twelve months is around 3.25%, less than ASMG's 6.00% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	6.00%	11.20%
SGVT Schwab Government Money Market ETF	2.98%	1.73%

Frequently Asked Questions

Can I hold both SGVT and ASMG in my portfolio?

SGVT and ASMG have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGVT or ASMG?

ASMG has higher volatility (29.36%) compared to SGVT (0.05%). In terms of maximum drawdown, SGVT dropped -0.03% vs ASMG's -43.95%.

Which ETF is better, SGVT or ASMG?

On 1-year performance, ASMG leads with 307.23% vs 3.64% for SGVT. On fees, SGVT is cheaper at 0.28% per year. On volatility, SGVT has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGVT or ASMG?

Over the 1-year period, ASMG has performed better with a 307.23% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGVT or ASMG?

SGVT is cheaper with a 0.28% expense ratio, compared with 0.75% for ASMG.

Which ETF pays a higher dividend yield, SGVT or ASMG?

ASMG has the higher dividend yield at 6.00%, compared with 2.98% for SGVT.

What is the main difference between SGVT and ASMG?

SGVT is categorized as Money Market, while ASMG is Leveraged Equities. They also come from different issuers: Charles Schwab and Leverage Shares. Their fees differ too: 0.28% for SGVT and 0.75% for ASMG.

Which has better risk-adjusted returns?

SGVT currently has the higher Sharpe Ratio (17.00 vs 3.29), 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.