BOEG vs. XXXX

Last updated Jun 5, 2026

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. At a 0.44 correlation, their price movements are largely independent. BOEG charges 0.75%/yr vs 2.95%/yr for XXXX.

Performance

BOEG vs. XXXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BA Daily ETF (BOEG) and MAX S&P 500 4X Leveraged ETN (XXXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOEG achieves a -8.79% return, which is significantly lower than XXXX's 31.29% return.

BOEG

• 1D: 6.29%
• 1M: -8.00%
• YTD: -8.79%
• 6M: 4.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XXXX

• 1D: 1.52%
• 1M: 16.66%
• YTD: 31.29%
• 6M: 27.73%
• 1Y: 90.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BOEG vs. XXXX - Yearly Performance Comparison

	2026 (YTD)	2025
BOEG Leverage Shares 2X Long BA Daily ETF	-8.79%	6.85%
XXXX MAX S&P 500 4X Leveraged ETN	31.29%	45.08%

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 (All Time) Calculated using the full available price history since Jun 16, 2025	0.44

Return for Risk

BOEG vs. XXXX — Risk / Return Rank

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

XXXX

XXXX Risk / Return Rank: 53
XXXX Sharpe Ratio Rank: 58
XXXX Sortino Ratio Rank: 49
XXXX Omega Ratio Rank: 51
XXXX Calmar Ratio Rank: 50
XXXX Martin Ratio Rank: 55

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. 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BOEG	XXXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.88	-0.92

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.

Drawdown Indicators

	BOEG	XXXX	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-62.27%	+15.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.25%	—
Current Drawdown Current decline from peak	-31.52%	-1.40%	-30.12%
Average Drawdown Average peak-to-trough decline	-19.11%	-11.59%	-7.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.73%	—

Volatility

Volatility by Period

	BOEG	XXXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.57%	46.80%	+16.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.57%	60.71%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.57%	60.71%	+2.86%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BOEG and XXXX in my portfolio?

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.

Which ETF is better, BOEG or XXXX?

On fees, BOEG 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, BOEG or XXXX?

BOEG is cheaper with a 0.75% expense ratio, compared with 2.95% for XXXX.

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

BOEG and XXXX have nearly identical dividend yields, around 0.00%.

What is the main difference between BOEG and XXXX?

They also come from different issuers: Leverage Shares and Max. Their fees differ too: 0.75% for BOEG and 2.95% for XXXX.