SOUX vs. ABNG
SOUX (Defiance Daily Target 2X Long SOUN ETF) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. At a 0.40 correlation, their price movements are largely independent. SOUX charges 1.29%/yr vs 0.75%/yr for ABNG.
Performance
SOUX vs. ABNG - Performance Comparison
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Returns By Period
In the year-to-date period, SOUX achieves a -56.46% return, which is significantly lower than ABNG's -12.01% return.
SOUX
- 1D
- -1.00%
- 1M
- -27.92%
- YTD
- -56.46%
- 6M
- -75.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ABNG
- 1D
- 0.34%
- 1M
- -9.63%
- YTD
- -12.01%
- 6M
- 9.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOUX vs. ABNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOUX Defiance Daily Target 2X Long SOUN ETF | -56.46% | -30.57% |
ABNG Leverage Shares 2x Long ABNB Daily ETF | -12.01% | 30.68% |
Correlation
The correlation between SOUX and ABNG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.40 |
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Return for Risk
SOUX vs. ABNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). 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.
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Sharpe Ratios by Period
| SOUX | ABNG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | 0.47 | -0.94 |
Drawdowns
SOUX vs. ABNG - Drawdown Comparison
The maximum SOUX drawdown since its inception was -95.03%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for SOUX and ABNG.
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Drawdown Indicators
| SOUX | ABNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.03% | -33.03% | -62.00% |
Current DrawdownCurrent decline from peak | -92.32% | -17.07% | -75.25% |
Average DrawdownAverage peak-to-trough decline | -59.67% | -11.77% | -47.90% |
Volatility
SOUX vs. ABNG - Volatility Comparison
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Volatility by Period
| SOUX | ABNG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 163.11% | 62.89% | +100.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.11% | 62.89% | +100.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.11% | 62.89% | +100.22% |
SOUX vs. ABNG - Expense Ratio Comparison
SOUX has a 1.29% expense ratio, which is higher than ABNG's 0.75% expense ratio.
Dividends
SOUX vs. ABNG - Dividend Comparison
SOUX's dividend yield for the trailing twelve months is around 46.60%, while ABNG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ABNG Leverage Shares 2x Long ABNB Daily ETF | 0.00% | 0.00% |
SOUX Defiance Daily Target 2X Long SOUN ETF | 46.60% | 20.29% |
Frequently Asked Questions
SOUX and ABNG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ABNG is cheaper with a 0.75% expense ratio, compared with 1.29% for SOUX.
SOUX has the higher dividend yield at 46.60%, compared with 0.00% for ABNG.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for SOUX and 0.75% for ABNG.
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