STSM vs. LACG
STSM (Defiance Daily Target 2X Short TSM ETF) and LACG (Leverage Shares 2X Long LAC Daily ETF) are both Leveraged Equities funds. STSM is passively managed, while LACG is actively managed. At a correlation of -0.45, they often move in opposite directions. STSM charges 1.31%/yr vs 0.75%/yr for LACG.
Performance
STSM vs. LACG - Performance Comparison
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Returns By Period
In the year-to-date period, STSM achieves a -59.22% return, which is significantly higher than LACG's -69.64% return.
STSM
- 1D
- -2.64%
- 1M
- 23.61%
- 6M
- -47.26%
- YTD
- -59.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LACG
- 1D
- -2.69%
- 1M
- -57.22%
- 6M
- -83.37%
- YTD
- -69.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
STSM vs. LACG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STSM Defiance Daily Target 2X Short TSM ETF | -59.22% | 2.22% |
LACG Leverage Shares 2X Long LAC Daily ETF | -69.64% | -27.29% |
Correlation
The correlation between STSM and LACG is -0.45, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.45 |
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Return for Risk
STSM vs. LACG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short TSM ETF (STSM) and Leverage Shares 2X Long LAC Daily ETF (LACG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
STSM vs. LACG - Drawdown Comparison
The maximum STSM drawdown since its inception was -76.23%, smaller than the maximum LACG drawdown of -85.64%. Use the drawdown chart below to compare losses from any high point for STSM and LACG.
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Drawdown Indicators
| STSM | LACG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.23% | -85.64% | +9.41% |
Current DrawdownCurrent decline from peak | -67.67% | -85.64% | +17.97% |
Average DrawdownAverage peak-to-trough decline | -46.28% | -48.55% | +2.27% |
Volatility
STSM vs. LACG - Volatility Comparison
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Volatility by Period
| STSM | LACG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 83.31% | 145.93% | -62.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.31% | 145.93% | -62.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.31% | 145.93% | -62.62% |
STSM vs. LACG - Expense Ratio Comparison
STSM has a 1.31% expense ratio, which is higher than LACG's 0.75% expense ratio.
Dividends
STSM vs. LACG - Dividend Comparison
Neither STSM nor LACG has paid dividends to shareholders.
Frequently Asked Questions
STSM and LACG have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LACG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LACG is cheaper with a 0.75% expense ratio, compared with 1.31% for STSM.
STSM and LACG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for STSM and 0.75% for LACG.
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