VRTL vs. VALG

Last updated Jul 14, 2026

VRTL (GraniteShares 2x Long VRT Daily ETF) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds. VRTL is actively managed, while VALG is passively managed. At a 0.48 correlation, their price movements are largely independent. VRTL charges 1.50%/yr vs 0.75%/yr for VALG.

Performance

VRTL vs. VALG - Performance Comparison

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

Returns By Period

In the year-to-date period, VRTL achieves a 157.20% return, which is significantly higher than VALG's 2.84% return.

VRTL

• 1D: -8.17%
• 1M: -4.43%
• 6M: 137.91%
• YTD: 157.20%
• 1Y: 264.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VALG

• 1D: -4.06%
• 1M: -19.89%
• 6M: -8.94%
• YTD: 2.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VRTL vs. VALG - Yearly Performance Comparison

	2026 (YTD)	2025
VRTL GraniteShares 2x Long VRT Daily ETF	157.20%	15.61%
VALG Leverage Shares 2X Long VALE Daily ETF	2.84%	1.57%

Correlation

The correlation between VRTL and VALG is 0.48, 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 Dec 18, 2025	0.48

Return for Risk

VRTL vs. VALG — Risk / Return Rank

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

VRTL

VRTL Risk / Return Rank: 81
VRTL Sharpe Ratio Rank: 85
VRTL Sortino Ratio Rank: 76
VRTL Omega Ratio Rank: 71
VRTL Calmar Ratio Rank: 94
VRTL Martin Ratio Rank: 80

VALG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VRTL vs. VALG - Risk-Adjusted Trends Comparison

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

	VRTL	VALG	Difference
Sharpe ratio: Return per unit of total volatility	2.17	—	—
Sortino ratio: Return per unit of downside risk	2.72	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	5.62	—	—
Martin ratio: Return relative to average drawdown	12.20	—	—

Drawdowns

VRTL vs. VALG - Drawdown Comparison

The maximum VRTL drawdown since its inception was -60.58%, which is greater than VALG's maximum drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for VRTL and VALG.

Drawdown Indicators

	VRTL	VALG	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-41.01%	-19.57%
Max Drawdown (1Y) Largest decline over 1 year	-47.45%	—	—
Current Drawdown Current decline from peak	-40.95%	-40.48%	-0.47%
Average Drawdown Average peak-to-trough decline	-16.75%	-15.31%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.82%	—	—

Volatility

Volatility by Period

	VRTL	VALG	Difference
Volatility (1M) Calculated over the trailing 1-month period	50.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	95.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	123.18%	73.47%	+49.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.88%	73.47%	+54.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.88%	73.47%	+54.41%

VRTL vs. VALG - Expense Ratio Comparison

VRTL has a 1.50% expense ratio, which is higher than VALG's 0.75% expense ratio.

Dividends

VRTL vs. VALG - Dividend Comparison

Neither VRTL nor VALG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VRTL and VALG in my portfolio?

VRTL and VALG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VRTL or VALG?

On fees, VALG 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, VRTL or VALG?

VALG is cheaper with a 0.75% expense ratio, compared with 1.50% for VRTL.

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

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

What is the main difference between VRTL and VALG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for VRTL and 0.75% for VALG.