USAX vs. ARMG

Last updated Jun 23, 2026

USAX (Tradr 2X Long USAR Daily ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. USAX is passively managed, while ARMG is actively managed. At a 0.37 correlation, their price movements are largely independent. USAX charges 1.49%/yr vs 0.75%/yr for ARMG.

Performance

USAX vs. ARMG - Performance Comparison

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

Returns By Period

USAX

• 1D: -4.34%
• 1M: -18.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -14.47%
• 1M: 56.79%
• YTD: 837.72%
• 6M: 769.43%
• 1Y: 343.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USAX vs. ARMG - Yearly Performance Comparison

	2026 (YTD)
USAX Tradr 2X Long USAR Daily ETF	-10.11%
ARMG Leverage Shares 2X Long ARM Daily ETF	815.24%

Correlation

The correlation between USAX and ARMG is 0.37, 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 Jan 13, 2026	0.37

Return for Risk

USAX vs. ARMG — Risk / Return Rank

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

USAX

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

ARMG

ARMG Risk / Return Rank: 71
ARMG Sharpe Ratio Rank: 81
ARMG Sortino Ratio Rank: 69
ARMG Omega Ratio Rank: 66
ARMG Calmar Ratio Rank: 89
ARMG Martin Ratio Rank: 53

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.

USAX vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long USAR Daily ETF (USAX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	USAX	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	—	2.48	—
Sortino ratio: Return per unit of downside risk	—	3.02	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	5.08	—
Martin ratio: Return relative to average drawdown	—	8.87	—

Drawdowns

USAX vs. ARMG - Drawdown Comparison

The maximum USAX drawdown since its inception was -77.92%, roughly equal to the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for USAX and ARMG.

Drawdown Indicators

	USAX	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-77.92%	-80.28%	+2.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.13%	—
Current Drawdown Current decline from peak	-53.33%	-14.47%	-38.86%
Average Drawdown Average peak-to-trough decline	-46.89%	-51.83%	+4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.95%	—

Volatility

Volatility by Period

	USAX	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	71.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	114.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	225.87%	140.12%	+85.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	225.87%	142.88%	+82.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	225.87%	142.88%	+82.99%

USAX vs. ARMG - Expense Ratio Comparison

USAX has a 1.49% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

USAX vs. ARMG - Dividend Comparison

USAX has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%
USAX Tradr 2X Long USAR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both USAX and ARMG in my portfolio?

USAX and ARMG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USAX or ARMG?

On fees, ARMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USAX or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.49% for USAX.

Which ETF pays a higher dividend yield, USAX or ARMG?

ARMG has the higher dividend yield at 0.52%, compared with 0.00% for USAX.

What is the main difference between USAX and ARMG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for USAX and 0.75% for ARMG.