VSTL vs. ASMG

Last updated Aug 1, 2026

VSTL (Defiance Daily Target 2X Long VST ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, VSTL returned -66.54% vs 307.23% for ASMG. Their 0.40 correlation means their historical movements had little consistent relationship. VSTL charges 1.29%/yr vs 0.75%/yr for ASMG.

Performance

VSTL vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long VST ETF (VSTL) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSTL achieves a -35.33% return, which is significantly lower than ASMG's 86.81% return.

VSTL

• 1D: -0.06%
• 1M: -6.33%
• 6M: -28.91%
• YTD: -35.33%
• 1Y: -66.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -58.65%

ASMG

• 1D: -2.63%
• 1M: -17.29%
• 6M: 9.24%
• YTD: 86.81%
• 1Y: 307.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMG Leverage Shares 2X Long ASML Daily ETF	$3.03M	$5.30M	$5.99M
VSTL Defiance Daily Target 2X Long VST ETF	$651.64K	$708.80K	$1.90M

VSTL vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
VSTL Defiance Daily Target 2X Long VST ETF	-35.33%	-37.40%
ASMG Leverage Shares 2X Long ASML Daily ETF	86.81%	99.16%

Correlation

The correlation between VSTL and ASMG is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since Jul 22, 2025	0.40

Return for Risk

VSTL vs. ASMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VSTL

VSTL Risk / Return Rank: 3
VSTL Sharpe Ratio Rank: 4
VSTL Sortino Ratio Rank: 4
VSTL Omega Ratio Rank: 4
VSTL Calmar Ratio Rank: 1
VSTL Martin Ratio Rank: 1

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 90
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VSTL vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long VST ETF (VSTL) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	VSTL	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	3.29	-3.98
Sortino ratio: Return per unit of downside risk	-0.87	3.13	-4.00
Omega ratio: Gain probability vs. loss probability	0.90	1.38	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.94	7.35	-8.29
Martin ratio: Return relative to average drawdown	-1.36	22.78	-24.14

VSTL vs. ASMG - Sharpe Ratio Comparison

The current VSTL Sharpe Ratio is -0.69, which is lower than the ASMG Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of VSTL and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VSTL vs. ASMG - Drawdown Comparison

The maximum VSTL drawdown since its inception was -71.42%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for VSTL and ASMG.

Drawdown Indicators

	VSTL	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-71.42%	-43.95%	-27.47%
Max Drawdown (1Y) Largest decline over 1 year	-71.42%	-41.10%	-30.32%
Current Drawdown Current decline from peak	-68.28%	-35.29%	-32.99%
Average Drawdown Average peak-to-trough decline	-43.67%	-13.54%	-30.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.96%	13.24%	+35.72%

Volatility

VSTL vs. ASMG - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long VST ETF (VSTL) is 25.95%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 29.36%. This indicates that VSTL experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSTL	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.95%	29.36%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	68.40%	74.68%	-6.28%
Volatility (1Y) Calculated over the trailing 1-year period	97.01%	92.16%	+4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.03%	89.81%	+7.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.03%	89.81%	+7.22%

VSTL vs. ASMG - Expense Ratio Comparison

VSTL has a 1.29% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

VSTL vs. ASMG - Dividend Comparison

VSTL has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 6.00%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	6.00%	11.20%
VSTL Defiance Daily Target 2X Long VST ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSTL and ASMG in my portfolio?

VSTL and ASMG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSTL or ASMG?

ASMG has higher volatility (29.36%) compared to VSTL (25.95%). In terms of maximum drawdown, VSTL dropped -71.42% vs ASMG's -43.95%.

Which ETF is better, VSTL or ASMG?

On 1-year performance, ASMG leads with 307.23% vs -66.54% for VSTL. On fees, ASMG is cheaper at 0.75% per year. On volatility, VSTL has been the lower-risk option at 25.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSTL or ASMG?

Over the 1-year period, ASMG has performed better with a 307.23% return vs -66.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSTL or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 1.29% for VSTL.

Which ETF pays a higher dividend yield, VSTL or ASMG?

ASMG has the higher dividend yield at 6.00%, compared with 0.00% for VSTL.

What is the main difference between VSTL and ASMG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for VSTL and 0.75% for ASMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.29 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.