BOEG vs. ASMG

Last updated Jun 26, 2026

BOEG (Leverage Shares 2X Long BA Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, BOEG returned -4.03% vs 279.93% for ASMG. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

BOEG vs. ASMG - Performance Comparison

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

Returns By Period

In the year-to-date period, BOEG achieves a -9.75% return, which is significantly lower than ASMG's 148.51% return.

BOEG

• 1D: -2.13%
• 1M: -3.15%
• YTD: -9.75%
• 6M: -11.04%
• 1Y: -4.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 8.96%
• 1M: 21.47%
• YTD: 148.51%
• 6M: 149.72%
• 1Y: 279.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BOEG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
BOEG Leverage Shares 2X Long BA Daily ETF	-9.75%	6.85%
ASMG Leverage Shares 2X Long ASML Daily ETF	148.51%	62.79%

Correlation

The correlation between BOEG and ASMG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.24

Return for Risk

BOEG vs. ASMG — Risk / Return Rank

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

BOEG

BOEG Risk / Return Rank: 9
BOEG Sharpe Ratio Rank: 9
BOEG Sortino Ratio Rank: 11
BOEG Omega Ratio Rank: 10
BOEG Calmar Ratio Rank: 8
BOEG Martin Ratio Rank: 8

ASMG

ASMG Risk / Return Rank: 88
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 80
ASMG Omega Ratio Rank: 74
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 93

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.

BOEG vs. ASMG - Risk-Adjusted Trends Comparison

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

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.

	BOEG	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	3.22	-3.28
Sortino ratio: Return per unit of downside risk	0.39	3.12	-2.73
Omega ratio: Gain probability vs. loss probability	1.04	1.38	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.09	8.16	-8.24
Martin ratio: Return relative to average drawdown	-0.17	20.20	-20.37

BOEG vs. ASMG - Sharpe Ratio Comparison

The current BOEG Sharpe Ratio is -0.06, which is lower than the ASMG Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of BOEG and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOEG vs. ASMG - Drawdown Comparison

The maximum BOEG drawdown since its inception was -46.47%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for BOEG and ASMG.

Drawdown Indicators

	BOEG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-43.95%	-2.52%
Max Drawdown (1Y) Largest decline over 1 year	-46.47%	-34.56%	-11.91%
Current Drawdown Current decline from peak	-32.24%	-10.23%	-22.01%
Average Drawdown Average peak-to-trough decline	-19.66%	-12.92%	-6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.64%	13.96%	+9.68%

Volatility

BOEG vs. ASMG - Volatility Comparison

The current volatility for Leverage Shares 2X Long BA Daily ETF (BOEG) is 21.94%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 38.05%. This indicates that BOEG experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOEG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.94%	38.05%	-16.11%
Volatility (6M) Calculated over the trailing 6-month period	46.89%	71.02%	-24.13%
Volatility (1Y) Calculated over the trailing 1-year period	64.38%	87.55%	-23.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.91%	87.80%	-23.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.91%	87.80%	-23.89%

BOEG vs. ASMG - Expense Ratio Comparison

Both BOEG and ASMG have an expense ratio of 0.75%.

Dividends

BOEG vs. ASMG - Dividend Comparison

BOEG has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 4.51%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.51%	11.20%
BOEG Leverage Shares 2X Long BA Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BOEG and ASMG in my portfolio?

BOEG and ASMG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOEG or ASMG?

ASMG has higher volatility (38.05%) compared to BOEG (21.94%). In terms of maximum drawdown, BOEG dropped -46.47% vs ASMG's -43.95%.

Which ETF is better, BOEG or ASMG?

On 1-year performance, ASMG leads with 279.93% vs -4.03% for BOEG. Both ETFs have the same 0.75% expense ratio. On volatility, BOEG has been the lower-risk option at 21.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOEG or ASMG?

Over the 1-year period, ASMG has performed better with a 279.93% return vs -4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOEG or ASMG?

BOEG and ASMG have the same expense ratio: 0.75% per year.

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

ASMG has the higher dividend yield at 4.51%, compared with 0.00% for BOEG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.22 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.