VSTL vs. OPEG

Last updated Jul 11, 2026

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 0.22 correlation, their price movements are largely independent. VSTL charges 1.29%/yr vs 0.75%/yr for OPEG.

Performance

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

Returns By Period

In the year-to-date period, VSTL achieves a -23.84% return, which is significantly higher than OPEG's -55.35% return.

VSTL

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

OPEG

• 1D: -20.38%
• 1M: 6.69%
• 6M: -69.91%
• YTD: -55.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VSTL vs. OPEG - Yearly Performance Comparison

	2026 (YTD)	2025
VSTL Defiance Daily Target 2X Long VST ETF	-23.84%	-7.05%
OPEG Leverage Shares 2X Long OPEN Daily ETF	-55.35%	-33.35%

Correlation

The correlation between VSTL and OPEG is 0.22, 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 11, 2025	0.22

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.

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. OPEG - Drawdown Comparison

The maximum VSTL drawdown since its inception was -71.42%, smaller than the maximum OPEG drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for VSTL and OPEG.

Drawdown Indicators

	VSTL	OPEG	Difference
Max Drawdown Largest peak-to-trough decline	-71.42%	-75.76%	+4.34%
Current Drawdown Current decline from peak	-62.64%	-70.32%	+7.68%
Average Drawdown Average peak-to-trough decline	-42.41%	-54.33%	+11.92%

Volatility

Volatility by Period

	VSTL	OPEG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	97.22%	148.06%	-50.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.22%	148.06%	-50.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.22%	148.06%	-50.84%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VSTL and OPEG in my portfolio?

VSTL and OPEG have a correlation of 0.22, 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 OPEG?

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.

Which ETF is cheaper, VSTL or OPEG?

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

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

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

What is the main difference between VSTL and OPEG?

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