VALG vs. UECG

Last updated Jun 24, 2026

VALG (Leverage Shares 2X Long VALE Daily ETF) and UECG (Leverage Shares 2X Long UEC Daily ETF) are both Leveraged Equities funds from Leverage Shares - VALG tracks the Vale S.A. (VALE) while UECG tracks the Uranium Energy Corp. (UEC). Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

VALG vs. UECG - 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 UEC Daily ETF (UECG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VALG

• 1D: -5.15%
• 1M: -15.17%
• YTD: 21.61%
• 6M: 17.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UECG

• 1D: -2.80%
• 1M: -32.96%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VALG vs. UECG - Yearly Performance Comparison

	2026 (YTD)
VALG Leverage Shares 2X Long VALE Daily ETF	-24.33%
UECG Leverage Shares 2X Long UEC Daily ETF	-68.29%

Correlation

The correlation between VALG and UECG is 0.55, 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	0.55

Return for Risk

VALG vs. UECG - 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 UEC Daily ETF (UECG). 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

VALG vs. UECG - Drawdown Comparison

The maximum VALG drawdown since its inception was -36.93%, smaller than the maximum UECG drawdown of -77.37%. Use the drawdown chart below to compare losses from any high point for VALG and UECG.

Drawdown Indicators

	VALG	UECG	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-77.37%	+40.44%
Current Drawdown Current decline from peak	-29.62%	-68.29%	+38.67%
Average Drawdown Average peak-to-trough decline	-13.31%	-39.29%	+25.98%

Volatility

Volatility by Period

	VALG	UECG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	74.65%	167.07%	-92.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.65%	167.07%	-92.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.65%	167.07%	-92.42%

VALG vs. UECG - Expense Ratio Comparison

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

Dividends

VALG vs. UECG - Dividend Comparison

Neither VALG nor UECG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VALG and UECG in my portfolio?

VALG and UECG have a correlation of 0.55, 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 UECG?

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 UECG?

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

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

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

What is the main difference between VALG and UECG?

VALG tracks Vale S.A. (VALE), while UECG tracks Uranium Energy Corp. (UEC).