AFRU vs. BOEG

Last updated Jun 4, 2026

AFRU (T-REX 2X Long AFRM Daily Target ETF) and BOEG (Leverage Shares 2X Long BA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. AFRU charges 1.50%/yr vs 0.75%/yr for BOEG.

Performance

AFRU vs. BOEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long AFRM Daily Target ETF (AFRU) and Leverage Shares 2X Long BA Daily ETF (BOEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFRU achieves a -38.11% return, which is significantly lower than BOEG's -14.18% return.

AFRU

• 1D: -13.32%
• 1M: -6.56%
• YTD: -38.11%
• 6M: -32.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOEG

• 1D: -6.30%
• 1M: -11.15%
• YTD: -14.18%
• 6M: -2.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFRU vs. BOEG - Yearly Performance Comparison

	2026 (YTD)	2025
AFRU T-REX 2X Long AFRM Daily Target ETF	-38.11%	-42.30%
BOEG Leverage Shares 2X Long BA Daily ETF	-14.18%	-4.41%

Correlation

The correlation between AFRU and BOEG 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 Sep 17, 2025	0.27

Return for Risk

AFRU vs. BOEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long AFRM Daily Target ETF (AFRU) and Leverage Shares 2X Long BA Daily ETF (BOEG). 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.

Sharpe Ratios by Period

	AFRU	BOEG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.14	-0.50

Drawdowns

AFRU vs. BOEG - Drawdown Comparison

The maximum AFRU drawdown since its inception was -84.44%, which is greater than BOEG's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for AFRU and BOEG.

Drawdown Indicators

	AFRU	BOEG	Difference
Max Drawdown Largest peak-to-trough decline	-84.44%	-46.47%	-37.97%
Current Drawdown Current decline from peak	-65.60%	-35.57%	-30.03%
Average Drawdown Average peak-to-trough decline	-56.01%	-19.06%	-36.95%

Volatility

Volatility by Period

	AFRU	BOEG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	121.30%	63.38%	+57.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.30%	63.38%	+57.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.30%	63.38%	+57.92%

AFRU vs. BOEG - Expense Ratio Comparison

AFRU has a 1.50% expense ratio, which is higher than BOEG's 0.75% expense ratio.

Dividends

AFRU vs. BOEG - Dividend Comparison

Neither AFRU nor BOEG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AFRU and BOEG in my portfolio?

AFRU and BOEG 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.

Which ETF is better, AFRU or BOEG?

On fees, BOEG 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, AFRU or BOEG?

BOEG is cheaper with a 0.75% expense ratio, compared with 1.50% for AFRU.

Which ETF pays a higher dividend yield, AFRU or BOEG?

AFRU and BOEG have nearly identical dividend yields, around 0.00%.

What is the main difference between AFRU and BOEG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for AFRU and 0.75% for BOEG.