ASMU vs. ASMG

Last updated Jun 4, 2026

ASMU (Direxion Daily ASML Bull 2X ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. ASMU charges 0.97%/yr vs 0.75%/yr for ASMG.

Performance

ASMU vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily ASML Bull 2X ETF (ASMU) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASMU

• 1D: 2.55%
• 1M: 50.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 2.43%
• 1M: 49.91%
• YTD: 127.56%
• 6M: 96.41%
• 1Y: 308.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMU vs. ASMG - Yearly Performance Comparison

	2026 (YTD)
ASMU Direxion Daily ASML Bull 2X ETF	30.81%
ASMG Leverage Shares 2X Long ASML Daily ETF	31.04%

Correlation

The correlation between ASMU and ASMG is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	1.00

Return for Risk

ASMU vs. ASMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASMG

ASMG Risk / Return Rank: 86
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 77
ASMG Omega Ratio Rank: 71
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASMU vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ASML Bull 2X ETF (ASMU) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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

	ASMU	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	1.89	-0.40

Drawdowns

ASMU vs. ASMG - Drawdown Comparison

The maximum ASMU drawdown since its inception was -34.79%, smaller than the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for ASMU and ASMG.

Drawdown Indicators

	ASMU	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-34.79%	-43.95%	+9.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.52%	-13.28%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.85%	—

Volatility

Volatility by Period

	ASMU	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	95.13%	81.15%	+13.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.13%	84.49%	+10.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.13%	84.49%	+10.64%

ASMU vs. ASMG - Expense Ratio Comparison

ASMU has a 0.97% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

ASMU vs. ASMG - Dividend Comparison

ASMU's dividend yield for the trailing twelve months is around 0.16%, less than ASMG's 4.92% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.92%	11.20%
ASMU Direxion Daily ASML Bull 2X ETF	0.16%	0.00%

Frequently Asked Questions

Can I hold both ASMU and ASMG in my portfolio?

With a correlation of 1.00, ASMU and ASMG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ASMU or ASMG?

On fees, ASMG 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, ASMU or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 0.97% for ASMU.

Which ETF pays a higher dividend yield, ASMU or ASMG?

ASMG has the higher dividend yield at 4.92%, compared with 0.16% for ASMU.

What is the main difference between ASMU and ASMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for ASMU and 0.75% for ASMG.