USGG vs. ASMG

Last updated Jun 4, 2026

USGG (Leverage Shares 2X Long USAR Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds from Leverage Shares. USGG is passively managed, while ASMG is actively managed. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

USGG vs. ASMG - 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 ASML Daily ETF (ASMG). 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*: —

ASMG

• 1D: 2.43%
• 1M: 49.91%
• YTD: 127.56%
• 6M: 96.41%
• 1Y: 308.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USGG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)
USGG Leverage Shares 2X Long USAR Daily ETF	64.11%
ASMG Leverage Shares 2X Long ASML Daily ETF	64.52%

Correlation

The correlation between USGG and ASMG is 0.32, 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	0.32

Return for Risk

USGG vs. ASMG — Risk / Return Rank

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

ASMG

ASMG Risk / Return Rank: 86
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 77
ASMG Omega Ratio Rank: 71
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 92

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. ASMG - 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 ASML Daily ETF (ASMG). 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	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.89	-0.73

Drawdowns

USGG vs. ASMG - Drawdown Comparison

The maximum USGG drawdown since its inception was -77.74%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for USGG and ASMG.

Drawdown Indicators

	USGG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-77.74%	-43.95%	-33.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	-32.40%	0.00%	-32.40%
Average Drawdown Average peak-to-trough decline	-46.06%	-13.28%	-32.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.85%	—

Volatility

Volatility by Period

	USGG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	225.33%	81.15%	+144.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	225.33%	84.49%	+140.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	225.33%	84.49%	+140.84%

USGG vs. ASMG - Expense Ratio Comparison

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

Dividends

USGG vs. ASMG - Dividend Comparison

USGG has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 4.92%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.92%	11.20%
USGG Leverage Shares 2X Long USAR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both USGG and ASMG in my portfolio?

USGG and ASMG have a correlation of 0.32, 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 ASMG?

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 ASMG?

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

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

ASMG has the higher dividend yield at 4.92%, compared with 0.00% for USGG.