VALG vs. PYPG
VALG (Leverage Shares 2X Long VALE Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds from Leverage Shares. VALG is passively managed, while PYPG is actively managed. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
VALG vs. PYPG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VALG achieves a 3.59% return, which is significantly higher than PYPG's -23.41% return.
VALG
- 1D
- -5.84%
- 1M
- -22.49%
- 6M
- -17.37%
- YTD
- 3.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VALG vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VALG Leverage Shares 2X Long VALE Daily ETF | 3.59% | 1.57% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -23.41% | -6.27% |
Correlation
The correlation between VALG and PYPG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VALG vs. PYPG — Risk / Return Rank
VALG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
VALG vs. PYPG - 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 PYPL Daily ETF (PYPG). 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.
| VALG | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.71 | — |
| Martin ratioReturn relative to average drawdown | — | -1.00 | — |
Loading charts...
Drawdowns
VALG vs. PYPG - Drawdown Comparison
The maximum VALG drawdown since its inception was -41.01%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for VALG and PYPG.
Loading charts...
Drawdown Indicators
| VALG | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.01% | -79.52% | +38.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -40.05% | -61.72% | +21.67% |
Average DrawdownAverage peak-to-trough decline | -15.78% | -41.31% | +25.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.30% | — |
Volatility
VALG vs. PYPG - Volatility Comparison
Loading charts...
Volatility by Period
| VALG | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 77.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.56% | 85.35% | -11.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.56% | 83.28% | -9.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.56% | 83.28% | -9.72% |
VALG vs. PYPG - Expense Ratio Comparison
Both VALG and PYPG have an expense ratio of 0.75%.
Dividends
VALG vs. PYPG - Dividend Comparison
Neither VALG nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
VALG and PYPG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VALG and PYPG have the same expense ratio: 0.75% per year.
VALG and PYPG have nearly identical dividend yields, around 0.00%.
Find the right allocation for VALG and PYPG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer