UPSG vs. RTXG

Last updated Jun 4, 2026

UPSG (Leverage Shares 2X Long UPS Daily ETF) and RTXG (Leverage Shares 2X Long RTX Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

UPSG vs. RTXG - Performance Comparison

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

Returns By Period

In the year-to-date period, UPSG achieves a 16.33% return, which is significantly higher than RTXG's -16.61% return.

UPSG

• 1D: -0.13%
• 1M: 30.08%
• YTD: 16.33%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RTXG

• 1D: -1.55%
• 1M: -0.77%
• YTD: -16.61%
• 6M: -2.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPSG vs. RTXG - Yearly Performance Comparison

	2026 (YTD)	2025
UPSG Leverage Shares 2X Long UPS Daily ETF	16.33%	-2.59%
RTXG Leverage Shares 2X Long RTX Daily ETF	-16.61%	6.34%

Correlation

The correlation between UPSG and RTXG is 0.07, 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 Dec 12, 2025	0.07

Return for Risk

UPSG vs. RTXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long UPS Daily ETF (UPSG) and Leverage Shares 2X Long RTX Daily ETF (RTXG). 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.

Sharpe Ratios by Period

	UPSG	RTXG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.72	-0.20

Drawdowns

UPSG vs. RTXG - Drawdown Comparison

The maximum UPSG drawdown since its inception was -37.29%, roughly equal to the maximum RTXG drawdown of -37.49%. Use the drawdown chart below to compare losses from any high point for UPSG and RTXG.

Drawdown Indicators

	UPSG	RTXG	Difference
Max Drawdown Largest peak-to-trough decline	-37.29%	-37.49%	+0.20%
Current Drawdown Current decline from peak	-18.43%	-36.25%	+17.82%
Average Drawdown Average peak-to-trough decline	-16.93%	-8.66%	-8.27%

Volatility

Volatility by Period

	UPSG	RTXG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.91%	48.66%	+10.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	48.66%	+10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.91%	48.66%	+10.25%

UPSG vs. RTXG - Expense Ratio Comparison

Both UPSG and RTXG have an expense ratio of 0.75%.

Dividends

UPSG vs. RTXG - Dividend Comparison

UPSG has not paid dividends to shareholders, while RTXG's dividend yield for the trailing twelve months is around 7.63%.

Position	TTM	2025
RTXG Leverage Shares 2X Long RTX Daily ETF	7.63%	6.36%
UPSG Leverage Shares 2X Long UPS Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both UPSG and RTXG in my portfolio?

UPSG and RTXG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPSG or RTXG?

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, UPSG or RTXG?

UPSG and RTXG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, UPSG or RTXG?

RTXG has the higher dividend yield at 7.63%, compared with 0.00% for UPSG.