USGG vs. DNNG

Last updated Jun 24, 2026

USGG (Leverage Shares 2X Long USAR Daily ETF) and DNNG (Leverage Shares 2X Long DNN Daily ETF) are both Leveraged Equities funds from Leverage Shares - USGG tracks the USA Rare Earth, Inc. (USAR) while DNNG tracks the Denison Mines Corp. (DNN). Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

USGG vs. DNNG - 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 DNN Daily ETF (DNNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USGG

• 1D: -10.14%
• 1M: -27.15%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DNNG

• 1D: -0.99%
• 1M: -3.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USGG vs. DNNG - Yearly Performance Comparison

	2026 (YTD)
USGG Leverage Shares 2X Long USAR Daily ETF	-40.01%
DNNG Leverage Shares 2X Long DNN Daily ETF	-45.46%

Correlation

The correlation between USGG and DNNG is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 10, 2026	0.59

Return for Risk

USGG vs. DNNG - 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 DNN Daily ETF (DNNG). 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.

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

Drawdowns

USGG vs. DNNG - Drawdown Comparison

The maximum USGG drawdown since its inception was -77.74%, which is greater than DNNG's maximum drawdown of -65.39%. Use the drawdown chart below to compare losses from any high point for USGG and DNNG.

Drawdown Indicators

	USGG	DNNG	Difference
Max Drawdown Largest peak-to-trough decline	-77.74%	-65.39%	-12.35%
Current Drawdown Current decline from peak	-58.39%	-54.50%	-3.89%
Average Drawdown Average peak-to-trough decline	-47.00%	-33.85%	-13.15%

Volatility

Volatility by Period

	USGG	DNNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	224.62%	118.36%	+106.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	224.62%	118.36%	+106.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	224.62%	118.36%	+106.26%

USGG vs. DNNG - Expense Ratio Comparison

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

Dividends

USGG vs. DNNG - Dividend Comparison

Neither USGG nor DNNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both USGG and DNNG in my portfolio?

USGG and DNNG have a correlation of 0.59, 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 DNNG?

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 DNNG?

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

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

USGG and DNNG have nearly identical dividend yields, around 0.00%.

What is the main difference between USGG and DNNG?

USGG tracks USA Rare Earth, Inc. (USAR), while DNNG tracks Denison Mines Corp. (DNN).