VSTL vs. AXPG

Last updated Jul 11, 2026

VSTL (Defiance Daily Target 2X Long VST ETF) and AXPG (Leverage Shares 2X Long AXP Daily ETF) are both Leveraged Equities funds. VSTL is actively managed, while AXPG is passively managed. At a 0.23 correlation, their price movements are largely independent. VSTL charges 1.29%/yr vs 0.75%/yr for AXPG.

Performance

VSTL vs. AXPG - 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 AXP Daily ETF (AXPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VSTL

• 1D: 1.07%
• 1M: 12.67%
• 6M: -26.65%
• YTD: -23.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AXPG

• 1D: 2.41%
• 1M: 19.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VSTL vs. AXPG - Yearly Performance Comparison

	2026 (YTD)
VSTL Defiance Daily Target 2X Long VST ETF	-26.43%
AXPG Leverage Shares 2X Long AXP Daily ETF	-3.19%

Correlation

The correlation between VSTL and AXPG is 0.23, 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 Feb 19, 2026	0.23

Return for Risk

VSTL vs. AXPG - 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 AXP Daily ETF (AXPG). 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

VSTL vs. AXPG - Drawdown Comparison

The maximum VSTL drawdown since its inception was -71.42%, which is greater than AXPG's maximum drawdown of -30.54%. Use the drawdown chart below to compare losses from any high point for VSTL and AXPG.

Drawdown Indicators

	VSTL	AXPG	Difference
Max Drawdown Largest peak-to-trough decline	-71.42%	-30.54%	-40.88%
Current Drawdown Current decline from peak	-62.64%	-4.72%	-57.92%
Average Drawdown Average peak-to-trough decline	-42.41%	-18.54%	-23.87%

Volatility

Volatility by Period

	VSTL	AXPG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	97.22%	59.66%	+37.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.22%	59.66%	+37.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.22%	59.66%	+37.56%

VSTL vs. AXPG - Expense Ratio Comparison

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

Dividends

VSTL vs. AXPG - Dividend Comparison

Neither VSTL nor AXPG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VSTL and AXPG in my portfolio?

VSTL and AXPG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VSTL or AXPG?

On fees, AXPG 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, VSTL or AXPG?

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

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

VSTL and AXPG have nearly identical dividend yields, around 0.00%.

What is the main difference between VSTL and AXPG?

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