VSTL vs. OPEG
VSTL (Defiance Daily Target 2X Long VST ETF) and OPEG (Leverage Shares 2X Long OPEN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. VSTL charges 1.29%/yr vs 0.75%/yr for OPEG.
Performance
VSTL vs. OPEG - Performance Comparison
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Returns By Period
In the year-to-date period, VSTL achieves a -31.04% return, which is significantly higher than OPEG's -59.07% return.
VSTL
- 1D
- -6.51%
- 1M
- -15.06%
- YTD
- -31.04%
- 6M
- -37.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEG
- 1D
- -21.12%
- 1M
- -38.29%
- YTD
- -59.07%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VSTL vs. OPEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VSTL Defiance Daily Target 2X Long VST ETF | -31.04% | -16.03% |
OPEG Leverage Shares 2X Long OPEN Daily ETF | -59.07% | -33.53% |
Correlation
The correlation between VSTL and OPEG is 0.27, 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 12, 2025 | 0.27 |
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Return for Risk
VSTL vs. OPEG - 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 OPEN Daily ETF (OPEG). 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.
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Sharpe Ratios by Period
| VSTL | OPEG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | -0.62 | -0.01 |
Drawdowns
VSTL vs. OPEG - Drawdown Comparison
The maximum VSTL drawdown since its inception was -71.42%, roughly equal to the maximum OPEG drawdown of -73.22%. Use the drawdown chart below to compare losses from any high point for VSTL and OPEG.
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Drawdown Indicators
| VSTL | OPEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.42% | -73.22% | +1.80% |
Current DrawdownCurrent decline from peak | -66.17% | -72.80% | +6.63% |
Average DrawdownAverage peak-to-trough decline | -40.42% | -51.54% | +11.12% |
Volatility
VSTL vs. OPEG - Volatility Comparison
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Volatility by Period
| VSTL | OPEG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 98.65% | 150.74% | -52.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.65% | 150.74% | -52.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.65% | 150.74% | -52.09% |
VSTL vs. OPEG - Expense Ratio Comparison
VSTL has a 1.29% expense ratio, which is higher than OPEG's 0.75% expense ratio.
Dividends
VSTL vs. OPEG - Dividend Comparison
Neither VSTL nor OPEG has paid dividends to shareholders.
Frequently Asked Questions
VSTL and OPEG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OPEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEG is cheaper with a 0.75% expense ratio, compared with 1.29% for VSTL.
VSTL and OPEG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for VSTL and 0.75% for OPEG.
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