SPOG vs. IFRA
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and IFRA (iShares U.S. Infrastructure ETF) are both exchange-traded funds - SPOG is a Leveraged Equities fund actively managed by Leverage Shares, while IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR). SPOG is actively managed, while IFRA is passively managed. At a correlation of -0.08, they often move in opposite directions. SPOG charges 0.75%/yr vs 0.30%/yr for IFRA.
Performance
SPOG vs. IFRA - Performance Comparison
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Returns By Period
In the year-to-date period, SPOG achieves a -49.59% return, which is significantly lower than IFRA's 19.25% return.
SPOG
- 1D
- -1.65%
- 1M
- -24.63%
- YTD
- -49.59%
- 6M
- -49.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFRA
- 1D
- -0.86%
- 1M
- 2.48%
- YTD
- 19.25%
- 6M
- 17.89%
- 1Y
- 30.85%
- 3Y*
- 20.61%
- 5Y*
- 14.07%
- 10Y*
- —
SPOG vs. IFRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -49.59% | -18.73% |
IFRA iShares U.S. Infrastructure ETF | 19.25% | 1.63% |
Correlation
The correlation between SPOG and IFRA is -0.08, 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 Nov 17, 2025 | -0.08 |
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Return for Risk
SPOG vs. IFRA — Risk / Return Rank
SPOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IFRA
SPOG vs. IFRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and iShares U.S. Infrastructure ETF (IFRA). 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 | IFRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.69 | — |
| Martin ratioReturn relative to average drawdown | — | 13.48 | — |
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Drawdowns
SPOG vs. IFRA - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, which is greater than IFRA's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for SPOG and IFRA.
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Drawdown Indicators
| SPOG | IFRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -41.06% | -23.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.93% | — |
Current DrawdownCurrent decline from peak | -59.44% | -0.86% | -58.58% |
Average DrawdownAverage peak-to-trough decline | -41.38% | -5.12% | -36.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.29% | — |
Volatility
SPOG vs. IFRA - Volatility Comparison
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Volatility by Period
| SPOG | IFRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.37% | 15.21% | +85.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.37% | 17.91% | +82.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.37% | 21.36% | +79.01% |
SPOG vs. IFRA - Expense Ratio Comparison
SPOG has a 0.75% expense ratio, which is higher than IFRA's 0.30% expense ratio.
Dividends
SPOG vs. IFRA - Dividend Comparison
SPOG has not paid dividends to shareholders, while IFRA's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IFRA iShares U.S. Infrastructure ETF | 1.56% | 1.84% | 1.75% | 1.98% | 1.98% | 1.63% | 2.08% | 1.68% | 2.50% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOG and IFRA have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IFRA is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IFRA is cheaper with a 0.30% expense ratio, compared with 0.75% for SPOG.
IFRA has the higher dividend yield at 1.56%, compared with 0.00% for SPOG.
SPOG is categorized as Leveraged Equities, while IFRA is Industrials Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for SPOG and 0.30% for IFRA.
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