BRZU vs. DUOG

Last updated Jun 25, 2026

BRZU (Direxion Daily Brazil Bull 2X Shares) and DUOG (Leverage Shares 2X Long DUOL Daily ETF) are both Leveraged Equities funds. BRZU is passively managed, while DUOG is actively managed. At a correlation of -0.03, they often move in opposite directions. BRZU charges 1.29%/yr vs 0.75%/yr for DUOG.

Performance

BRZU vs. DUOG - Performance Comparison

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

Returns By Period

In the year-to-date period, BRZU achieves a 8.40% return, which is significantly higher than DUOG's -55.48% return.

BRZU

• 1D: -1.71%
• 1M: -12.42%
• YTD: 8.40%
• 6M: 10.38%
• 1Y: 41.76%
• 3Y*: 2.11%
• 5Y*: -4.55%
• 10Y*: -16.92%

DUOG

• 1D: -0.32%
• 1M: 49.48%
• YTD: -55.48%
• 6M: -58.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRZU vs. DUOG - Yearly Performance Comparison

	2026 (YTD)	2025
BRZU Direxion Daily Brazil Bull 2X Shares	8.40%	0.47%
DUOG Leverage Shares 2X Long DUOL Daily ETF	-55.48%	-25.09%

Correlation

The correlation between BRZU and DUOG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	-0.03

Return for Risk

BRZU vs. DUOG — Risk / Return Rank

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

BRZU

BRZU Risk / Return Rank: 26
BRZU Sharpe Ratio Rank: 25
BRZU Sortino Ratio Rank: 27
BRZU Omega Ratio Rank: 27
BRZU Calmar Ratio Rank: 26
BRZU Martin Ratio Rank: 26

DUOG

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

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.

BRZU vs. DUOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Brazil Bull 2X Shares (BRZU) and Leverage Shares 2X Long DUOL Daily ETF (DUOG). 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.

	BRZU	DUOG	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.37	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.17	—	—
Martin ratio: Return relative to average drawdown	3.16	—	—

Drawdowns

BRZU vs. DUOG - Drawdown Comparison

The maximum BRZU drawdown since its inception was -99.71%, which is greater than DUOG's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for BRZU and DUOG.

Drawdown Indicators

	BRZU	DUOG	Difference
Max Drawdown Largest peak-to-trough decline	-99.71%	-83.13%	-16.58%
Max Drawdown (1Y) Largest decline over 1 year	-35.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-58.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.11%	—	—
Current Drawdown Current decline from peak	-99.22%	-66.65%	-32.57%
Average Drawdown Average peak-to-trough decline	-89.57%	-64.02%	-25.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.25%	—	—

Volatility

Volatility by Period

	BRZU	DUOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.01%	113.79%	-63.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.46%	113.79%	-58.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.68%	113.79%	-31.11%

BRZU vs. DUOG - Expense Ratio Comparison

BRZU has a 1.29% expense ratio, which is higher than DUOG's 0.75% expense ratio.

Dividends

BRZU vs. DUOG - Dividend Comparison

BRZU's dividend yield for the trailing twelve months is around 2.08%, while DUOG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRZU Direxion Daily Brazil Bull 2X Shares	2.08%	2.39%	8.73%	3.24%	4.70%	6.29%	0.78%	0.95%	1.04%	0.74%
DUOG Leverage Shares 2X Long DUOL Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRZU and DUOG in my portfolio?

BRZU and DUOG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRZU or DUOG?

On fees, DUOG 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, BRZU or DUOG?

DUOG is cheaper with a 0.75% expense ratio, compared with 1.29% for BRZU.

Which ETF pays a higher dividend yield, BRZU or DUOG?

BRZU has the higher dividend yield at 2.08%, compared with 0.00% for DUOG.

What is the main difference between BRZU and DUOG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.29% for BRZU and 0.75% for DUOG.