ABNG vs. DRIP
ABNG (Leverage Shares 2x Long ABNB Daily ETF) and DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) are both Leveraged Equities funds. ABNG is actively managed, while DRIP is passively managed. At a 0.10 correlation, their price movements are largely independent. ABNG charges 0.75%/yr vs 1.07%/yr for DRIP.
Performance
ABNG vs. DRIP - Performance Comparison
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Returns By Period
In the year-to-date period, ABNG achieves a -5.80% return, which is significantly higher than DRIP's -40.65% return.
ABNG
- 1D
- -4.57%
- 1M
- 8.99%
- YTD
- -5.80%
- 6M
- -7.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRIP
- 1D
- -3.09%
- 1M
- 20.05%
- YTD
- -40.65%
- 6M
- -41.35%
- 1Y
- -37.54%
- 3Y*
- -27.03%
- 5Y*
- -38.96%
- 10Y*
- -42.00%
ABNG vs. DRIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ABNG Leverage Shares 2x Long ABNB Daily ETF | -5.80% | 23.24% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -40.65% | 10.62% |
Correlation
The correlation between ABNG and DRIP is 0.10, 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 Nov 17, 2025 | 0.10 |
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Return for Risk
ABNG vs. DRIP — Risk / Return Rank
ABNG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRIP
ABNG vs. DRIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long ABNB Daily ETF (ABNG) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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.
| ABNG | DRIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.92 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.61 | — |
| Martin ratioReturn relative to average drawdown | — | -1.12 | — |
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Drawdowns
ABNG vs. DRIP - Drawdown Comparison
The maximum ABNG drawdown since its inception was -33.03%, smaller than the maximum DRIP drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for ABNG and DRIP.
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Drawdown Indicators
| ABNG | DRIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.03% | -99.95% | +66.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -62.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.92% | — |
Current DrawdownCurrent decline from peak | -11.21% | -99.93% | +88.72% |
Average DrawdownAverage peak-to-trough decline | -12.31% | -90.46% | +78.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.61% | — |
Volatility
ABNG vs. DRIP - Volatility Comparison
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Volatility by Period
| ABNG | DRIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 43.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 63.20% | 56.86% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.20% | 68.37% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.20% | 96.46% | -33.26% |
ABNG vs. DRIP - Expense Ratio Comparison
ABNG has a 0.75% expense ratio, which is lower than DRIP's 1.07% expense ratio.
Dividends
ABNG vs. DRIP - Dividend Comparison
ABNG has not paid dividends to shareholders, while DRIP's dividend yield for the trailing twelve months is around 3.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ABNG Leverage Shares 2x Long ABNB Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.33% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Frequently Asked Questions
ABNG and DRIP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ABNG is cheaper with a 0.75% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.33%, compared with 0.00% for ABNG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for ABNG and 1.07% for DRIP.
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