BLSG vs. SOXL
BLSG (Leverage Shares 2X Long BLSH Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. BLSG is actively managed, while SOXL is passively managed. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
BLSG vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, BLSG achieves a -69.25% return, which is significantly lower than SOXL's 450.61% return.
BLSG
- 1D
- -0.37%
- 1M
- -53.27%
- YTD
- -69.25%
- 6M
- -75.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- -23.06%
- 1M
- 21.44%
- YTD
- 450.61%
- 6M
- 429.57%
- 1Y
- 976.09%
- 3Y*
- 120.84%
- 5Y*
- 42.16%
- 10Y*
- 64.56%
BLSG vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLSG Leverage Shares 2X Long BLSH Daily ETF | -69.25% | -58.81% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 450.61% | -2.57% |
Correlation
The correlation between BLSG and SOXL is 0.42, 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 | 0.42 |
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Return for Risk
BLSG vs. SOXL — Risk / Return Rank
BLSG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
BLSG vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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.
| BLSG | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.58 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 22.69 | — |
| Martin ratioReturn relative to average drawdown | — | 72.83 | — |
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Drawdowns
BLSG vs. SOXL - Drawdown Comparison
The maximum BLSG drawdown since its inception was -88.78%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for BLSG and SOXL.
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Drawdown Indicators
| BLSG | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.78% | -90.46% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -43.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -87.70% | -23.06% | -64.64% |
Average DrawdownAverage peak-to-trough decline | -61.80% | -34.95% | -26.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.52% | — |
Volatility
BLSG vs. SOXL - Volatility Comparison
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Volatility by Period
| BLSG | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 68.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 99.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.04% | 116.79% | +29.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.04% | 110.35% | +35.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.04% | 100.62% | +45.42% |
BLSG vs. SOXL - Expense Ratio Comparison
Both BLSG and SOXL have an expense ratio of 0.75%.
Dividends
BLSG vs. SOXL - Dividend Comparison
BLSG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BLSG Leverage Shares 2X Long BLSH Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.03% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
BLSG and SOXL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BLSG and SOXL have the same expense ratio: 0.75% per year.
SOXL has the higher dividend yield at 0.03%, compared with 0.00% for BLSG.
They also come from different issuers: Leverage Shares and Direxion.
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