USGG vs. RDWU

Last updated Aug 1, 2026

USGG (Leverage Shares 2X Long USAR Daily ETF) and RDWU (T-REX 2X Long RDW Daily Target ETF) are both Leveraged Equities funds - USGG tracks the USA Rare Earth, Inc. (USAR) while RDWU tracks the Redwire Corporation (RDW). Both are passively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. USGG charges 0.75%/yr vs 1.50%/yr for RDWU.

Performance

USGG vs. RDWU - Performance Comparison

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

Returns By Period

USGG

• 1D: 3.55%
• 1M: -43.38%
• 6M: -76.34%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

RDWU

• 1D: 3.22%
• 1M: -47.18%
• 6M: -78.61%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RDWU T-REX 2X Long RDW Daily Target ETF	$4.94M	$6.57M	$39.06M
USGG Leverage Shares 2X Long USAR Daily ETF	$1.27M	$1.44M	$4.05M

USGG vs. RDWU - Yearly Performance Comparison

	2026 (YTD)
USGG Leverage Shares 2X Long USAR Daily ETF	-75.51%
RDWU T-REX 2X Long RDW Daily Target ETF	-83.76%

Correlation

The correlation between USGG and RDWU is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	0.60

Return for Risk

USGG vs. RDWU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long USAR Daily ETF (USGG) and T-REX 2X Long RDW Daily Target ETF (RDWU). 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. RDWU - Drawdown Comparison

The maximum USGG drawdown since its inception was -87.55%, smaller than the maximum RDWU drawdown of -93.35%. Use the drawdown chart below to compare losses from any high point for USGG and RDWU.

Drawdown Indicators

	USGG	RDWU	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-93.35%	+5.80%
Current Drawdown Current decline from peak	-83.96%	-91.94%	+7.98%
Average Drawdown Average peak-to-trough decline	-52.76%	-63.18%	+10.42%

Volatility

Volatility by Period

	USGG	RDWU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	215.15%	247.03%	-31.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.15%	247.03%	-31.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.15%	247.03%	-31.88%

USGG vs. RDWU - Expense Ratio Comparison

USGG has a 0.75% expense ratio, which is lower than RDWU's 1.50% expense ratio.

Dividends

USGG vs. RDWU - Dividend Comparison

Neither USGG nor RDWU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both USGG and RDWU in my portfolio?

USGG and RDWU have a correlation of 0.60, 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 RDWU?

On fees, USGG 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, USGG or RDWU?

USGG is cheaper with a 0.75% expense ratio, compared with 1.50% for RDWU.

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

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

What is the main difference between USGG and RDWU?

USGG tracks USA Rare Earth, Inc. (USAR), while RDWU tracks Redwire Corporation (RDW). They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for USGG and 1.50% for RDWU.