USGG vs. ARMG

Last updated Jun 4, 2026

USGG (Leverage Shares 2X Long USAR Daily ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds from Leverage Shares. USGG is passively managed, while ARMG is actively managed. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

USGG vs. ARMG - Performance Comparison

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

Returns By Period

USGG

• 1D: -17.96%
• 1M: 7.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -9.19%
• 1M: 211.14%
• YTD: 841.05%
• 6M: 460.44%
• 1Y: 443.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USGG vs. ARMG - Yearly Performance Comparison

	2026 (YTD)
USGG Leverage Shares 2X Long USAR Daily ETF	64.11%
ARMG Leverage Shares 2X Long ARM Daily ETF	877.05%

Correlation

The correlation between USGG and ARMG is 0.28, 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 14, 2026	0.28

Return for Risk

USGG vs. ARMG — Risk / Return Rank

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

ARMG

ARMG Risk / Return Rank: 81
ARMG Sharpe Ratio Rank: 93
ARMG Sortino Ratio Rank: 78
ARMG Omega Ratio Rank: 74
ARMG Calmar Ratio Rank: 93
ARMG Martin Ratio Rank: 65

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.

USGG vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long USAR Daily ETF (USGG) 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.

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

Sharpe Ratios by Period

	USGG	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.10	+0.06

Drawdowns

USGG vs. ARMG - Drawdown Comparison

The maximum USGG drawdown since its inception was -77.74%, roughly equal to the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for USGG and ARMG.

Drawdown Indicators

	USGG	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-77.74%	-80.28%	+2.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.13%	—
Current Drawdown Current decline from peak	-32.40%	-9.19%	-23.21%
Average Drawdown Average peak-to-trough decline	-46.06%	-52.91%	+6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.55%	—

Volatility

Volatility by Period

	USGG	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	66.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	104.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	225.33%	130.67%	+94.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	225.33%	138.36%	+86.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	225.33%	138.36%	+86.97%

USGG vs. ARMG - Expense Ratio Comparison

Both USGG and ARMG have an expense ratio of 0.75%.

Dividends

USGG vs. ARMG - Dividend Comparison

USGG 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%
USGG Leverage Shares 2X Long USAR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both USGG and ARMG in my portfolio?

USGG and ARMG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USGG or ARMG?

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, USGG or ARMG?

USGG and ARMG have the same expense ratio: 0.75% per year.

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

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