SPCH vs. ADBG

Last updated Jul 19, 2026

SPCH (Leverage Shares 2X Long SPCX Daily ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

SPCH vs. ADBG - Performance Comparison

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

Returns By Period

SPCH

• 1D: -10.92%
• 1M: -58.72%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADBG

• 1D: 1.55%
• 1M: 44.32%
• 6M: -45.43%
• YTD: -61.45%
• 1Y: -67.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPCH vs. ADBG - Yearly Performance Comparison

	2026 (YTD)
SPCH Leverage Shares 2X Long SPCX Daily ETF	-57.05%
ADBG Leverage Shares 2X Long ADBE Daily ETF	31.33%

Correlation

The correlation between SPCH and ADBG is 0.12, 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 Jun 15, 2026	0.12

Return for Risk

SPCH vs. ADBG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPCH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ADBG

ADBG Risk / Return Rank: 2
ADBG Sharpe Ratio Rank: 2
ADBG Sortino Ratio Rank: 2
ADBG Omega Ratio Rank: 1
ADBG Calmar Ratio Rank: 2
ADBG Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPCH vs. ADBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPCX Daily ETF (SPCH) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.

	SPCH	ADBG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.95	—
Sortino ratio: Return per unit of downside risk	—	-1.58	—
Omega ratio: Gain probability vs. loss probability	—	0.81	—
Calmar ratio: Return relative to maximum drawdown	—	-0.86	—
Martin ratio: Return relative to average drawdown	—	-1.46	—

Drawdowns

SPCH vs. ADBG - Drawdown Comparison

The maximum SPCH drawdown since its inception was -65.88%, smaller than the maximum ADBG drawdown of -84.14%. Use the drawdown chart below to compare losses from any high point for SPCH and ADBG.

Drawdown Indicators

	SPCH	ADBG	Difference
Max Drawdown Largest peak-to-trough decline	-65.88%	-84.14%	+18.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-78.97%	—
Current Drawdown Current decline from peak	-65.88%	-76.59%	+10.71%
Average Drawdown Average peak-to-trough decline	-41.41%	-44.95%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	46.53%	—

Volatility

Volatility by Period

	SPCH	ADBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	168.10%	71.85%	+96.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.10%	69.65%	+98.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.10%	69.65%	+98.45%

SPCH vs. ADBG - Expense Ratio Comparison

Both SPCH and ADBG have an expense ratio of 0.75%.

Dividends

SPCH vs. ADBG - Dividend Comparison

Neither SPCH nor ADBG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPCH and ADBG in my portfolio?

SPCH and ADBG 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 ETF is better, SPCH or ADBG?

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, SPCH or ADBG?

SPCH and ADBG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, SPCH or ADBG?

SPCH and ADBG have nearly identical dividend yields, around 0.00%.