SPOG vs. KRE
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and KRE (SPDR S&P Regional Banking ETF) are both exchange-traded funds - SPOG is a Leveraged Equities fund actively managed by Leverage Shares, while KRE is a Financials Equities fund tracking the S&P Regional Banks Select Industry Index. SPOG is actively managed, while KRE is passively managed. Their -0.10 correlation means they have often moved in opposite directions in the past. SPOG charges 0.75%/yr vs 0.35%/yr for KRE.
Performance
SPOG vs. KRE - Performance Comparison
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Returns By Period
In the year-to-date period, SPOG achieves a -44.19% return, which is significantly lower than KRE's 20.29% return.
SPOG
- 1D
- -6.14%
- 1M
- -1.56%
- 6M
- -25.53%
- YTD
- -44.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KRE
- 1D
- 1.31%
- 1M
- 2.72%
- 6M
- 11.31%
- YTD
- 20.29%
- 1Y
- 34.19%
- 3Y*
- 19.96%
- 5Y*
- 7.18%
- 10Y*
- 9.15%
- ALL TIME*
- 4.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $957.61M | $982.77M | $1.06B | |
| $182.54K | $193.71K | $395.29K |
SPOG vs. KRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -44.19% | -18.73% |
KRE SPDR S&P Regional Banking ETF | 20.29% | 7.05% |
Correlation
The correlation between SPOG and KRE is -0.10, 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 | -0.10 |
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Return for Risk
SPOG vs. KRE — Risk / Return Rank
SPOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KRE
SPOG vs. KRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and SPDR S&P Regional Banking ETF (KRE). 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 | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.30 | — |
| Martin ratioReturn relative to average drawdown | — | 6.10 | — |
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Drawdowns
SPOG vs. KRE - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for SPOG and KRE.
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Drawdown Indicators
| SPOG | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -68.54% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.95% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.92% | — |
Current DrawdownCurrent decline from peak | -55.09% | -1.10% | -53.99% |
Average DrawdownAverage peak-to-trough decline | -43.53% | -21.74% | -21.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.62% | — |
Volatility
SPOG vs. KRE - Volatility Comparison
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Volatility by Period
| SPOG | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.10% | 22.85% | +73.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.10% | 29.63% | +66.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.10% | 31.78% | +64.32% |
SPOG vs. KRE - Expense Ratio Comparison
SPOG has a 0.75% expense ratio, which is higher than KRE's 0.35% expense ratio.
Dividends
SPOG vs. KRE - Dividend Comparison
SPOG has not paid dividends to shareholders, while KRE's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.08% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOG and KRE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KRE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KRE is cheaper with a 0.35% expense ratio, compared with 0.75% for SPOG.
KRE has the higher dividend yield at 2.08%, compared with 0.00% for SPOG.
SPOG is categorized as Leveraged Equities, while KRE is Financials Equities. They also come from different issuers: Leverage Shares and State Street. Their fees differ too: 0.75% for SPOG and 0.35% for KRE.
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