ZETX vs. UUUG

Last updated Jul 4, 2026

ZETX (Defiance Daily Target 2X Long ZETA ETF) and UUUG (Leverage Shares 2X Long UUUU Daily ETF) are both Leveraged Equities funds. ZETX is actively managed, while UUUG is passively managed. At a 0.30 correlation, their price movements are largely independent. ZETX charges 1.31%/yr vs 0.75%/yr for UUUG.

Performance

ZETX vs. UUUG - Performance Comparison

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

Returns By Period

ZETX

• 1D: -1.49%
• 1M: -25.07%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UUUG

• 1D: -6.86%
• 1M: -45.70%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZETX vs. UUUG - Yearly Performance Comparison

	2026 (YTD)
ZETX Defiance Daily Target 2X Long ZETA ETF	11.86%
UUUG Leverage Shares 2X Long UUUU Daily ETF	-78.50%

Correlation

The correlation between ZETX and UUUG is 0.30, 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 4, 2026	0.30

Return for Risk

ZETX vs. UUUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ZETA ETF (ZETX) and Leverage Shares 2X Long UUUU Daily ETF (UUUG). 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

ZETX vs. UUUG - Drawdown Comparison

The maximum ZETX drawdown since its inception was -52.42%, smaller than the maximum UUUG drawdown of -84.01%. Use the drawdown chart below to compare losses from any high point for ZETX and UUUG.

Drawdown Indicators

	ZETX	UUUG	Difference
Max Drawdown Largest peak-to-trough decline	-52.42%	-84.01%	+31.59%
Current Drawdown Current decline from peak	-36.55%	-84.01%	+47.46%
Average Drawdown Average peak-to-trough decline	-22.86%	-55.83%	+32.97%

Volatility

Volatility by Period

	ZETX	UUUG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	141.91%	184.68%	-42.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.91%	184.68%	-42.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.91%	184.68%	-42.77%

ZETX vs. UUUG - Expense Ratio Comparison

ZETX has a 1.31% expense ratio, which is higher than UUUG's 0.75% expense ratio.

Dividends

ZETX vs. UUUG - Dividend Comparison

Neither ZETX nor UUUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ZETX and UUUG in my portfolio?

ZETX and UUUG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZETX or UUUG?

On fees, UUUG 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, ZETX or UUUG?

UUUG is cheaper with a 0.75% expense ratio, compared with 1.31% for ZETX.

Which ETF pays a higher dividend yield, ZETX or UUUG?

ZETX and UUUG have nearly identical dividend yields, around 0.00%.

What is the main difference between ZETX and UUUG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for ZETX and 0.75% for UUUG.