VALG vs. USGG

Last updated Jun 4, 2026

VALG (Leverage Shares 2X Long VALE Daily ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds from Leverage Shares - VALG tracks the Vale S.A. (VALE) while USGG tracks the USA Rare Earth, Inc. (USAR). Both are passively managed. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

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

Returns By Period

VALG

• 1D: -9.01%
• 1M: 1.55%
• YTD: 35.93%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USGG

• 1D: -17.96%
• 1M: 7.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VALG vs. USGG - Yearly Performance Comparison

	2026 (YTD)
VALG Leverage Shares 2X Long VALE Daily ETF	17.01%
USGG Leverage Shares 2X Long USAR Daily ETF	64.11%

Correlation

The correlation between VALG and USGG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.44

Return for Risk

VALG vs. USGG - 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 USAR Daily ETF (USGG). 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	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	1.17	+0.35

Drawdowns

VALG vs. USGG - Drawdown Comparison

The maximum VALG drawdown since its inception was -36.93%, smaller than the maximum USGG drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for VALG and USGG.

Drawdown Indicators

	VALG	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-77.74%	+40.81%
Current Drawdown Current decline from peak	-21.33%	-32.40%	+11.07%
Average Drawdown Average peak-to-trough decline	-11.74%	-46.06%	+34.32%

Volatility

Volatility by Period

	VALG	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.74%	225.33%	-149.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.74%	225.33%	-149.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.74%	225.33%	-149.59%

VALG vs. USGG - Expense Ratio Comparison

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

Dividends

VALG vs. USGG - Dividend Comparison

Neither VALG nor USGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VALG and USGG in my portfolio?

VALG and USGG have a correlation of 0.44, 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 USGG?

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 USGG?

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

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

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

What is the main difference between VALG and USGG?

VALG tracks Vale S.A. (VALE), while USGG tracks USA Rare Earth, Inc. (USAR).