SPOG vs. ASMH

Last updated Aug 4, 2026

SPOG (Leverage Shares 2X Long SPOT Daily ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both exchange-traded funds - SPOG is a Leveraged Equities fund actively managed by Leverage Shares, while ASMH is a Technology Equities fund tracking the ASML Holding NV Sponsored ADR. SPOG is actively managed, while ASMH is passively managed. Their -0.09 correlation means they have often moved in opposite directions in the past. SPOG charges 0.75%/yr vs 0.19%/yr for ASMH.

Performance

SPOG vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SPOT Daily ETF (SPOG) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPOG achieves a -44.19% return, which is significantly lower than ASMH's 58.30% return.

SPOG

• 1D: -6.14%
• 1M: -1.56%
• 6M: -25.53%
• YTD: -44.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASMH

• 1D: 1.21%
• 1M: -7.04%
• 6M: 18.29%
• YTD: 58.30%
• 1Y: 143.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 106.06%

*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)
ASMH ASML Holding NV ADR Hedged ETF	$122.06K	$253.89K	$304.89K
SPOG Leverage Shares 2X Long SPOT Daily ETF	$182.54K	$193.71K	$395.29K

SPOG vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
SPOG Leverage Shares 2X Long SPOT Daily ETF	-44.19%	-18.73%
ASMH ASML Holding NV ADR Hedged ETF	58.30%	5.35%

Correlation

The correlation between SPOG and ASMH is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.09

Return for Risk

SPOG vs. ASMH — Risk / Return Rank

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

SPOG

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

ASMH

ASMH Risk / Return Rank: 95
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 91
ASMH Calmar Ratio Rank: 96
ASMH 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.

SPOG vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and ASML Holding NV ADR Hedged ETF (ASMH). 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.

	SPOG	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	—	3.31	—
Sortino ratio: Return per unit of downside risk	—	3.65	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	6.69	—
Martin ratio: Return relative to average drawdown	—	24.13	—

Drawdowns

SPOG vs. ASMH - Drawdown Comparison

The maximum SPOG drawdown since its inception was -64.41%, which is greater than ASMH's maximum drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for SPOG and ASMH.

Drawdown Indicators

	SPOG	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-64.41%	-21.52%	-42.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.52%	—
Current Drawdown Current decline from peak	-55.09%	-17.37%	-37.72%
Average Drawdown Average peak-to-trough decline	-43.53%	-4.78%	-38.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.96%	—

Volatility

Volatility by Period

	SPOG	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	96.10%	43.58%	+52.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.10%	41.60%	+54.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.10%	41.60%	+54.50%

SPOG vs. ASMH - Expense Ratio Comparison

SPOG has a 0.75% expense ratio, which is higher than ASMH's 0.19% expense ratio.

Dividends

SPOG vs. ASMH - Dividend Comparison

SPOG has not paid dividends to shareholders, while ASMH's dividend yield for the trailing twelve months is around 1.94%.

Position	TTM	2025
ASMH ASML Holding NV ADR Hedged ETF	1.94%	0.19%
SPOG Leverage Shares 2X Long SPOT Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPOG and ASMH in my portfolio?

SPOG and ASMH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPOG or ASMH?

On fees, ASMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPOG or ASMH?

ASMH is cheaper with a 0.19% expense ratio, compared with 0.75% for SPOG.

Which ETF pays a higher dividend yield, SPOG or ASMH?

ASMH has the higher dividend yield at 1.94%, compared with 0.00% for SPOG.

What is the main difference between SPOG and ASMH?

SPOG is categorized as Leveraged Equities, while ASMH is Technology Equities. They also come from different issuers: Leverage Shares and Precidian. Their fees differ too: 0.75% for SPOG and 0.19% for ASMH.