SNAG vs. GLWG

Last updated Jun 5, 2026

SNAG (Leverage Shares 2X Long SNAP Daily ETF) and GLWG (Leverage Shares 2X Long GLW Daily ETF) are both Leveraged Equities funds from Leverage Shares - SNAG tracks the Snap Inc. (SNAP) while GLWG tracks the Corning Incorporated (GLW). Both are passively managed. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

SNAG vs. GLWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SNAP Daily ETF (SNAG) and Leverage Shares 2X Long GLW Daily ETF (GLWG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNAG

• 1D: 10.73%
• 1M: -4.21%
• YTD: -54.52%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLWG

• 1D: -2.81%
• 1M: 39.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAG vs. GLWG - Yearly Performance Comparison

	2026 (YTD)
SNAG Leverage Shares 2X Long SNAP Daily ETF	34.02%
GLWG Leverage Shares 2X Long GLW Daily ETF	80.74%

Correlation

The correlation between SNAG and GLWG 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 Mar 11, 2026	-0.02

Return for Risk

SNAG vs. GLWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SNAP Daily ETF (SNAG) and Leverage Shares 2X Long GLW Daily ETF (GLWG). 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

	SNAG	GLWG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	7.40	-8.06

Drawdowns

SNAG vs. GLWG - Drawdown Comparison

The maximum SNAG drawdown since its inception was -81.94%, which is greater than GLWG's maximum drawdown of -29.53%. Use the drawdown chart below to compare losses from any high point for SNAG and GLWG.

Drawdown Indicators

	SNAG	GLWG	Difference
Max Drawdown Largest peak-to-trough decline	-81.94%	-29.53%	-52.41%
Current Drawdown Current decline from peak	-61.45%	-12.84%	-48.61%
Average Drawdown Average peak-to-trough decline	-54.49%	-10.74%	-43.75%

Volatility

Volatility by Period

	SNAG	GLWG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	119.01%	150.03%	-31.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.01%	150.03%	-31.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.01%	150.03%	-31.02%

SNAG vs. GLWG - Expense Ratio Comparison

Both SNAG and GLWG have an expense ratio of 0.75%.

Dividends

SNAG vs. GLWG - Dividend Comparison

Neither SNAG nor GLWG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNAG and GLWG in my portfolio?

SNAG and GLWG 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, SNAG or GLWG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNAG or GLWG?

SNAG and GLWG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, SNAG or GLWG?

SNAG and GLWG have nearly identical dividend yields, around 0.00%.

What is the main difference between SNAG and GLWG?

SNAG tracks Snap Inc. (SNAP), while GLWG tracks Corning Incorporated (GLW).