BOEG vs. XXXX
BOEG (Leverage Shares 2X Long BA Daily ETF) and XXXX (MAX S&P 500 4X Leveraged ETN) are both Leveraged Equities funds. BOEG is actively managed, while XXXX is passively managed. Over the past year, BOEG returned -32.10% vs 41.55% for XXXX. At a 0.45 correlation, their price movements are largely independent. BOEG charges 0.75%/yr vs 2.95%/yr for XXXX.
Performance
BOEG vs. XXXX - Performance Comparison
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Returns By Period
In the year-to-date period, BOEG achieves a -13.74% return, which is significantly lower than XXXX's 17.21% return.
BOEG
- 1D
- -0.45%
- 1M
- -11.05%
- 6M
- -33.01%
- YTD
- -13.74%
- 1Y
- -32.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XXXX
- 1D
- -4.26%
- 1M
- -0.56%
- 6M
- 12.26%
- YTD
- 17.21%
- 1Y
- 41.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOEG vs. XXXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BOEG Leverage Shares 2X Long BA Daily ETF | -13.74% | 6.85% |
XXXX MAX S&P 500 4X Leveraged ETN | 17.21% | 38.45% |
Correlation
The correlation between BOEG and XXXX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.45 |
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Return for Risk
BOEG vs. XXXX — Risk / Return Rank
BOEG
XXXX
BOEG vs. XXXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BA Daily ETF (BOEG) and MAX S&P 500 4X Leveraged ETN (XXXX). 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 | XXXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 1.12 | -1.81 |
| Martin ratioReturn relative to average drawdown | -1.29 | 4.02 | -5.32 |
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Drawdowns
BOEG vs. XXXX - Drawdown Comparison
The maximum BOEG drawdown since its inception was -46.47%, smaller than the maximum XXXX drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for BOEG and XXXX.
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Drawdown Indicators
| BOEG | XXXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -62.27% | +15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -46.47% | -37.25% | -9.22% |
Current DrawdownCurrent decline from peak | -35.24% | -11.97% | -23.27% |
Average DrawdownAverage peak-to-trough decline | -20.28% | -11.51% | -8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.84% | 10.36% | +14.48% |
Volatility
BOEG vs. XXXX - Volatility Comparison
Leverage Shares 2X Long BA Daily ETF (BOEG) has a higher volatility of 15.86% compared to MAX S&P 500 4X Leveraged ETN (XXXX) at 14.14%. This indicates that BOEG's price experiences larger fluctuations and is considered to be riskier than XXXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOEG | XXXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.86% | 14.14% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 47.22% | 39.97% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.89% | 49.88% | +14.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.67% | 60.75% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.67% | 60.75% | +2.92% |
BOEG vs. XXXX - Expense Ratio Comparison
BOEG has a 0.75% expense ratio, which is lower than XXXX's 2.95% expense ratio.
Dividends
BOEG vs. XXXX - Dividend Comparison
Neither BOEG nor XXXX has paid dividends to shareholders.
Frequently Asked Questions
BOEG and XXXX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOEG has higher volatility (15.86%) compared to XXXX (14.14%). In terms of maximum drawdown, BOEG dropped -46.47% vs XXXX's -62.27%.
On 1-year performance, XXXX leads with 41.55% vs -32.10% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, XXXX has been the lower-risk option at 14.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XXXX has performed better with a 41.55% return vs -32.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BOEG is cheaper with a 0.75% expense ratio, compared with 2.95% for XXXX.
BOEG and XXXX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Max. Their fees differ too: 0.75% for BOEG and 2.95% for XXXX.
XXXX currently has the higher Sharpe Ratio (0.84 vs -0.50), 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.
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