VALG vs. ADBG

Last updated Jun 5, 2026

VALG (Leverage Shares 2X Long VALE Daily ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds from Leverage Shares. VALG is passively managed, while ADBG is actively managed. At a correlation of -0.17, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

VALG vs. ADBG - Performance Comparison

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

Returns By Period

In the year-to-date period, VALG achieves a 31.05% return, which is significantly higher than ADBG's -52.15% return.

VALG

• 1D: -3.59%
• 1M: -3.27%
• YTD: 31.05%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADBG

• 1D: 1.66%
• 1M: -0.81%
• YTD: -52.15%
• 6M: -46.56%
• 1Y: -69.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VALG vs. ADBG - Yearly Performance Comparison

	2026 (YTD)	2025
VALG Leverage Shares 2X Long VALE Daily ETF	31.05%	3.65%
ADBG Leverage Shares 2X Long ADBE Daily ETF	-52.15%	-3.58%

Correlation

The correlation between VALG and ADBG is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	-0.17

Return for Risk

VALG vs. ADBG — Risk / Return Rank

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

ADBG

ADBG Risk / Return Rank: 1
ADBG Sharpe Ratio Rank: 1
ADBG Sortino Ratio Rank: 1
ADBG Omega Ratio Rank: 1
ADBG Calmar Ratio Rank: 1
ADBG Martin Ratio Rank: 2

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.

VALG vs. ADBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long VALE Daily ETF (VALG) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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

	VALG	ADBG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	-0.90	+2.19

Drawdowns

VALG vs. ADBG - Drawdown Comparison

The maximum VALG drawdown since its inception was -36.93%, smaller than the maximum ADBG drawdown of -76.71%. Use the drawdown chart below to compare losses from any high point for VALG and ADBG.

Drawdown Indicators

	VALG	ADBG	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-76.71%	+39.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-76.23%	—
Current Drawdown Current decline from peak	-24.15%	-70.94%	+46.79%
Average Drawdown Average peak-to-trough decline	-11.85%	-41.74%	+29.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.32%	—

Volatility

Volatility by Period

	VALG	ADBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	56.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.64%	67.12%	+8.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.64%	66.85%	+8.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.64%	66.85%	+8.79%

VALG vs. ADBG - Expense Ratio Comparison

Both VALG and ADBG have an expense ratio of 0.75%.

Dividends

VALG vs. ADBG - Dividend Comparison

Neither VALG nor ADBG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VALG and ADBG in my portfolio?

VALG and ADBG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VALG or ADBG?

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, VALG or ADBG?

VALG and ADBG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, VALG or ADBG?

VALG and ADBG have nearly identical dividend yields, around 0.00%.