SPOG vs. OOQB
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - SPOG is a Leveraged Equities fund actively managed by Leverage Shares, while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
SPOG vs. OOQB - Performance Comparison
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Returns By Period
In the year-to-date period, SPOG achieves a -41.52% return, which is significantly lower than OOQB's -18.43% return.
SPOG
- 1D
- -5.23%
- 1M
- 19.81%
- YTD
- -41.52%
- 6M
- -37.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -41.52% | -19.53% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -4.49% |
Correlation
The correlation between SPOG and OOQB is 0.14, 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 | 0.14 |
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Return for Risk
SPOG vs. OOQB — Risk / Return Rank
SPOG
OOQB
SPOG vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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
| SPOG | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.73 | -0.41 | -0.32 |
Drawdowns
SPOG vs. OOQB - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for SPOG and OOQB.
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Drawdown Indicators
| SPOG | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -53.44% | -10.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.44% | — |
Current DrawdownCurrent decline from peak | -52.94% | -43.69% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -40.43% | -23.26% | -17.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.11% | — |
Volatility
SPOG vs. OOQB - Volatility Comparison
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Volatility by Period
| SPOG | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 103.84% | 51.57% | +52.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.84% | 58.12% | +45.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.84% | 58.12% | +45.72% |
SPOG vs. OOQB - Expense Ratio Comparison
Both SPOG and OOQB have an expense ratio of 0.75%.
Dividends
SPOG vs. OOQB - Dividend Comparison
SPOG has not paid dividends to shareholders, while OOQB's dividend yield for the trailing twelve months is around 11.62%.
| Position | TTM | 2025 |
|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
SPOG and OOQB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG and OOQB have the same expense ratio: 0.75% per year.
OOQB has the higher dividend yield at 11.62%, compared with 0.00% for SPOG.
SPOG is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: Leverage Shares and Volatility Shares.
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