BOEU vs. BOEG

Last updated Aug 2, 2026

BOEU (Direxion Daily BA Bull 2X Shares) and BOEG (Leverage Shares 2X Long BA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, BOEU returned -22.85% vs -24.14% for BOEG. Their 0.99 correlation means they have historically moved very closely together. BOEU charges 0.97%/yr vs 0.75%/yr for BOEG.

Performance

BOEU vs. BOEG - Performance Comparison

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

Returns By Period

In the year-to-date period, BOEU achieves a -12.30% return, which is significantly higher than BOEG's -13.15% return.

BOEU

• 1D: -4.26%
• 1M: -9.86%
• 6M: -23.44%
• YTD: -12.30%
• 1Y: -22.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.03%

BOEG

• 1D: -4.54%
• 1M: -10.23%
• 6M: -23.91%
• YTD: -13.15%
• 1Y: -24.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOEG Leverage Shares 2X Long BA Daily ETF	$765.58K	$551.79K	$570.86K
BOEU Direxion Daily BA Bull 2X Shares	$941.70K	$847.44K	$1.51M

BOEU vs. BOEG - Yearly Performance Comparison

	2026 (YTD)	2025
BOEU Direxion Daily BA Bull 2X Shares	-12.30%	1.88%
BOEG Leverage Shares 2X Long BA Daily ETF	-13.15%	6.85%

Correlation

The correlation between BOEU and BOEG is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.99

The correlation between BOEU and BOEG has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

BOEU vs. BOEG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BOEU

BOEU Risk / Return Rank: 7
BOEU Sharpe Ratio Rank: 6
BOEU Sortino Ratio Rank: 8
BOEU Omega Ratio Rank: 8
BOEU Calmar Ratio Rank: 5
BOEU Martin Ratio Rank: 5

BOEG

BOEG Risk / Return Rank: 6
BOEG Sharpe Ratio Rank: 6
BOEG Sortino Ratio Rank: 8
BOEG Omega Ratio Rank: 8
BOEG Calmar Ratio Rank: 5
BOEG Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BOEU vs. BOEG - Risk-Adjusted Trends Comparison

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

	BOEU	BOEG	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	-0.37	+0.02
Sortino ratio: Return per unit of downside risk	-0.11	-0.15	+0.04
Omega ratio: Gain probability vs. loss probability	0.99	0.98	0.00
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.52	+0.02
Martin ratio: Return relative to average drawdown	-0.91	-0.94	+0.03

BOEU vs. BOEG - Sharpe Ratio Comparison

The current BOEU Sharpe Ratio is -0.35, which is comparable to the BOEG Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of BOEU and BOEG, 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

BOEU vs. BOEG - Drawdown Comparison

The maximum BOEU drawdown since its inception was -46.03%, roughly equal to the maximum BOEG drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for BOEU and BOEG.

Drawdown Indicators

	BOEU	BOEG	Difference
Max Drawdown Largest peak-to-trough decline	-46.03%	-46.47%	+0.44%
Max Drawdown (1Y) Largest decline over 1 year	-45.67%	-46.13%	+0.46%
Current Drawdown Current decline from peak	-34.11%	-34.79%	+0.68%
Average Drawdown Average peak-to-trough decline	-18.81%	-20.85%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.10%	25.64%	-0.54%

Volatility

BOEU vs. BOEG - Volatility Comparison

Direxion Daily BA Bull 2X Shares (BOEU) and Leverage Shares 2X Long BA Daily ETF (BOEG) have volatilities of 21.81% and 22.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOEU	BOEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.81%	22.02%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	49.19%	49.17%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	65.30%	65.14%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.07%	64.47%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.07%	64.47%	-1.40%

BOEU vs. BOEG - Expense Ratio Comparison

BOEU has a 0.97% expense ratio, which is higher than BOEG's 0.75% expense ratio.

Dividends

BOEU vs. BOEG - Dividend Comparison

BOEU's dividend yield for the trailing twelve months is around 2.30%, while BOEG has not paid dividends to shareholders.

Position	TTM	2025
BOEG Leverage Shares 2X Long BA Daily ETF	0.00%	0.00%
BOEU Direxion Daily BA Bull 2X Shares	2.30%	1.44%

Frequently Asked Questions

Can I hold both BOEU and BOEG in my portfolio?

With a correlation of 1.00, BOEU and BOEG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BOEU or BOEG?

BOEG has higher volatility (22.02%) compared to BOEU (21.81%). In terms of maximum drawdown, BOEU dropped -46.03% vs BOEG's -46.47%.

Which ETF is better, BOEU or BOEG?

On 1-year performance, BOEU leads with -22.85% vs -24.14% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, BOEU has been the lower-risk option at 21.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOEU or BOEG?

Over the 1-year period, BOEU has performed better with a -22.85% return vs -24.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOEU or BOEG?

BOEG is cheaper with a 0.75% expense ratio, compared with 0.97% for BOEU.

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

BOEU has the higher dividend yield at 2.30%, compared with 0.00% for BOEG.

What is the main difference between BOEU and BOEG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for BOEU and 0.75% for BOEG.

Which has better risk-adjusted returns?

BOEU currently has the higher Sharpe Ratio (-0.35 vs -0.37), 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.