UECG vs. PYPG

Last updated Jul 18, 2026

UECG (Leverage Shares 2X Long UEC Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds from Leverage Shares. UECG is passively managed, while PYPG is actively managed. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

UECG vs. PYPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long UEC Daily ETF (UECG) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UECG

• 1D: -0.29%
• 1M: -36.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PYPG

• 1D: -0.47%
• 1M: 73.22%
• 6M: -19.05%
• YTD: -23.77%
• 1Y: -57.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UECG vs. PYPG - Yearly Performance Comparison

	2026 (YTD)
UECG Leverage Shares 2X Long UEC Daily ETF	-79.44%
PYPG Leverage Shares 2X Long PYPL Daily ETF	67.65%

Correlation

The correlation between UECG and PYPG is 0.13, 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 Feb 10, 2026	0.13

Return for Risk

UECG vs. PYPG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UECG

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

PYPG

PYPG Risk / Return Rank: 4
PYPG Sharpe Ratio Rank: 4
PYPG Sortino Ratio Rank: 5
PYPG Omega Ratio Rank: 4
PYPG Calmar Ratio Rank: 3
PYPG Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UECG vs. PYPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long UEC Daily ETF (UECG) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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.

	UECG	PYPG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.67	—
Sortino ratio: Return per unit of downside risk	—	-0.72	—
Omega ratio: Gain probability vs. loss probability	—	0.90	—
Calmar ratio: Return relative to maximum drawdown	—	-0.72	—
Martin ratio: Return relative to average drawdown	—	-1.02	—

Drawdowns

UECG vs. PYPG - Drawdown Comparison

The maximum UECG drawdown since its inception was -79.44%, roughly equal to the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for UECG and PYPG.

Drawdown Indicators

	UECG	PYPG	Difference
Max Drawdown Largest peak-to-trough decline	-79.44%	-79.52%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-79.52%	—
Current Drawdown Current decline from peak	-79.44%	-61.90%	-17.54%
Average Drawdown Average peak-to-trough decline	-44.70%	-41.38%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	56.44%	—

Volatility

Volatility by Period

	UECG	PYPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	34.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	77.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	158.93%	85.36%	+73.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	158.93%	83.15%	+75.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	158.93%	83.15%	+75.78%

UECG vs. PYPG - Expense Ratio Comparison

Both UECG and PYPG have an expense ratio of 0.75%.

Dividends

UECG vs. PYPG - Dividend Comparison

Neither UECG nor PYPG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UECG and PYPG in my portfolio?

UECG and PYPG have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UECG or PYPG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UECG or PYPG?

UECG and PYPG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, UECG or PYPG?

UECG and PYPG have nearly identical dividend yields, around 0.00%.