BRKU vs. BRKL

Last updated Aug 1, 2026

BRKU (Direxion Daily BRKB Bull 2X Shares) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.96 correlation means they have historically moved very closely together. BRKU charges 0.97%/yr vs 0.45%/yr for BRKL.

Performance

BRKU vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bull 2X Shares (BRKU) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BRKU

• 1D: 0.99%
• 1M: 1.01%
• 6M: 6.89%
• YTD: -3.12%
• 1Y: 4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.48%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
BRKU Direxion Daily BRKB Bull 2X Shares	$1.38M	$1.61M	$3.31M

BRKU vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
BRKU Direxion Daily BRKB Bull 2X Shares	1.38%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between BRKU and BRKL is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.96

Return for Risk

BRKU vs. BRKL — Risk / Return Rank

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

BRKU

BRKU Risk / Return Rank: 14
BRKU Sharpe Ratio Rank: 14
BRKU Sortino Ratio Rank: 15
BRKU Omega Ratio Rank: 14
BRKU Calmar Ratio Rank: 14
BRKU Martin Ratio Rank: 13

BRKL

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

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.

BRKU vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bull 2X Shares (BRKU) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	BRKU	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	0.14	—	—
Sortino ratio: Return per unit of downside risk	0.40	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.18	—	—
Martin ratio: Return relative to average drawdown	0.34	—	—

Drawdowns

BRKU vs. BRKL - Drawdown Comparison

The maximum BRKU drawdown since its inception was -35.37%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for BRKU and BRKL.

Drawdown Indicators

	BRKU	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-35.37%	-7.03%	-28.34%
Max Drawdown (1Y) Largest decline over 1 year	-22.06%	—	—
Current Drawdown Current decline from peak	-23.98%	-0.13%	-23.85%
Average Drawdown Average peak-to-trough decline	-19.76%	-4.14%	-15.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.67%	—	—

Volatility

Volatility by Period

	BRKU	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.59%	30.99%	-2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.97%	30.99%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.97%	30.99%	+2.98%

BRKU vs. BRKL - Expense Ratio Comparison

BRKU has a 0.97% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

BRKU vs. BRKL - Dividend Comparison

BRKU's dividend yield for the trailing twelve months is around 2.47%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%
BRKU Direxion Daily BRKB Bull 2X Shares	2.47%	2.44%

Frequently Asked Questions

Can I hold both BRKU and BRKL in my portfolio?

With a correlation of 0.96, BRKU and BRKL 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 ETF is better, BRKU or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKU or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.97% for BRKU.

Which ETF pays a higher dividend yield, BRKU or BRKL?

BRKU has the higher dividend yield at 2.47%, compared with 0.00% for BRKL.

What is the main difference between BRKU and BRKL?

They also come from different issuers: Direxion and Corgi. Their fees differ too: 0.97% for BRKU and 0.45% for BRKL.