BLSG vs. QCML
BLSG (Leverage Shares 2X Long BLSH Daily ETF) and QCML (GraniteShares 2x Long QCOM Daily ETF) are both Leveraged Equities funds. BLSG is actively managed, while QCML is passively managed. At a 0.30 correlation, their price movements are largely independent. BLSG charges 0.75%/yr vs 1.50%/yr for QCML.
Performance
BLSG vs. QCML - Performance Comparison
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Returns By Period
In the year-to-date period, BLSG achieves a -58.79% return, which is significantly lower than QCML's 79.80% return.
BLSG
- 1D
- -15.77%
- 1M
- -55.27%
- YTD
- -58.79%
- 6M
- -73.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCML
- 1D
- 7.29%
- 1M
- 100.00%
- YTD
- 79.80%
- 6M
- 72.23%
- 1Y
- 120.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLSG vs. QCML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLSG Leverage Shares 2X Long BLSH Daily ETF | -58.79% | -60.00% |
QCML GraniteShares 2x Long QCOM Daily ETF | 79.80% | -18.62% |
Correlation
The correlation between BLSG and QCML 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 Oct 28, 2025 | 0.30 |
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Return for Risk
BLSG vs. QCML — Risk / Return Rank
BLSG
QCML
BLSG vs. QCML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BLSH Daily ETF (BLSG) and GraniteShares 2x Long QCOM Daily ETF (QCML). 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.
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Sharpe Ratios by Period
| BLSG | QCML | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 0.38 | -1.04 |
Drawdowns
BLSG vs. QCML - Drawdown Comparison
The maximum BLSG drawdown since its inception was -83.67%, which is greater than QCML's maximum drawdown of -59.13%. Use the drawdown chart below to compare losses from any high point for BLSG and QCML.
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Drawdown Indicators
| BLSG | QCML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.67% | -59.13% | -24.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -58.72% | — |
Current DrawdownCurrent decline from peak | -83.52% | -2.47% | -81.05% |
Average DrawdownAverage peak-to-trough decline | -60.12% | -29.03% | -31.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.93% | — |
Volatility
BLSG vs. QCML - Volatility Comparison
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Volatility by Period
| BLSG | QCML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 57.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 78.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.44% | 93.04% | +52.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.44% | 95.49% | +49.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.44% | 95.49% | +49.95% |
BLSG vs. QCML - Expense Ratio Comparison
BLSG has a 0.75% expense ratio, which is lower than QCML's 1.50% expense ratio.
Dividends
BLSG vs. QCML - Dividend Comparison
Neither BLSG nor QCML has paid dividends to shareholders.
Frequently Asked Questions
BLSG and QCML 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.
On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BLSG is cheaper with a 0.75% expense ratio, compared with 1.50% for QCML.
BLSG and QCML have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for BLSG and 1.50% for QCML.
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