BLSG vs. QCMU

Last updated Jun 24, 2026

BLSG (Leverage Shares 2X Long BLSH Daily ETF) and QCMU (Direxion Daily QCOM Bull 2X Shares) are both Leveraged Equities funds. At a 0.31 correlation, their price movements are largely independent. BLSG charges 0.75%/yr vs 1.07%/yr for QCMU.

Performance

BLSG vs. QCMU - Performance Comparison

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

Returns By Period

In the year-to-date period, BLSG achieves a -69.25% return, which is significantly lower than QCMU's 13.54% return.

BLSG

• 1D: -0.37%
• 1M: -53.27%
• YTD: -69.25%
• 6M: -75.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCMU

• 1D: -16.29%
• 1M: -31.17%
• YTD: 13.54%
• 6M: 8.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLSG vs. QCMU - Yearly Performance Comparison

	2026 (YTD)	2025
BLSG Leverage Shares 2X Long BLSH Daily ETF	-69.25%	-58.81%
QCMU Direxion Daily QCOM Bull 2X Shares	13.54%	-1.23%

Correlation

The correlation between BLSG and QCMU is 0.31, 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 27, 2025	0.31

Return for Risk

BLSG vs. QCMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BLSH Daily ETF (BLSG) and Direxion Daily QCOM Bull 2X Shares (QCMU). 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

BLSG vs. QCMU - Drawdown Comparison

The maximum BLSG drawdown since its inception was -88.78%, which is greater than QCMU's maximum drawdown of -59.48%. Use the drawdown chart below to compare losses from any high point for BLSG and QCMU.

Drawdown Indicators

	BLSG	QCMU	Difference
Max Drawdown Largest peak-to-trough decline	-88.78%	-59.48%	-29.30%
Current Drawdown Current decline from peak	-87.70%	-37.68%	-50.02%
Average Drawdown Average peak-to-trough decline	-61.80%	-22.88%	-38.92%

Volatility

Volatility by Period

	BLSG	QCMU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	146.04%	101.95%	+44.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.04%	101.95%	+44.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.04%	101.95%	+44.09%

BLSG vs. QCMU - Expense Ratio Comparison

BLSG has a 0.75% expense ratio, which is lower than QCMU's 1.07% expense ratio.

Dividends

BLSG vs. QCMU - Dividend Comparison

BLSG has not paid dividends to shareholders, while QCMU's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025
BLSG Leverage Shares 2X Long BLSH Daily ETF	0.00%	0.00%
QCMU Direxion Daily QCOM Bull 2X Shares	2.20%	1.57%

Frequently Asked Questions

Can I hold both BLSG and QCMU in my portfolio?

BLSG and QCMU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLSG or QCMU?

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.

Which ETF is cheaper, BLSG or QCMU?

BLSG is cheaper with a 0.75% expense ratio, compared with 1.07% for QCMU.

Which ETF pays a higher dividend yield, BLSG or QCMU?

QCMU has the higher dividend yield at 2.20%, compared with 0.00% for BLSG.

What is the main difference between BLSG and QCMU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for BLSG and 1.07% for QCMU.