BRZU vs. USGG

Last updated Jul 18, 2026

BRZU (Direxion Daily Brazil Bull 2X Shares) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds - BRZU tracks the MSCI Brazil 25/50 Index while USGG tracks the USA Rare Earth, Inc. (USAR). Both are passively managed. At a 0.42 correlation, their price movements are largely independent. BRZU charges 1.29%/yr vs 0.75%/yr for USGG.

Performance

BRZU vs. USGG - 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 USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BRZU

• 1D: -0.46%
• 1M: 5.75%
• 6M: 7.69%
• YTD: 16.56%
• 1Y: 57.13%
• 3Y*: 5.87%
• 5Y*: -1.38%
• 10Y*: -20.06%

USGG

• 1D: -2.80%
• 1M: -58.48%
• 6M: -59.65%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRZU vs. USGG - Yearly Performance Comparison

	2026 (YTD)
BRZU Direxion Daily Brazil Bull 2X Shares	9.17%
USGG Leverage Shares 2X Long USAR Daily ETF	-58.30%

Correlation

The correlation between BRZU and USGG is 0.42, 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 Jan 13, 2026	0.42

Return for Risk

BRZU vs. USGG — Risk / Return Rank

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

BRZU

BRZU Risk / Return Rank: 38
BRZU Sharpe Ratio Rank: 40
BRZU Sortino Ratio Rank: 39
BRZU Omega Ratio Rank: 39
BRZU Calmar Ratio Rank: 39
BRZU Martin Ratio Rank: 33

USGG

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. USGG - 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 USAR Daily ETF (USGG). 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	USGG	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.68	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.60	—	—
Martin ratio: Return relative to average drawdown	3.93	—	—

Drawdowns

BRZU vs. USGG - Drawdown Comparison

The maximum BRZU drawdown since its inception was -99.71%, which is greater than USGG's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BRZU and USGG.

Drawdown Indicators

	BRZU	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-99.71%	-81.66%	-18.05%
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	-62.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.11%	—	—
Current Drawdown Current decline from peak	-99.17%	-81.66%	-17.51%
Average Drawdown Average peak-to-trough decline	-89.61%	-50.33%	-39.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.62%	—	—

Volatility

Volatility by Period

	BRZU	USGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.90%	217.14%	-167.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.26%	217.14%	-161.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.27%	217.14%	-134.87%

BRZU vs. USGG - Expense Ratio Comparison

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

Dividends

BRZU vs. USGG - Dividend Comparison

BRZU's dividend yield for the trailing twelve months is around 1.93%, while USGG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRZU Direxion Daily Brazil Bull 2X Shares	1.93%	2.39%	8.73%	3.24%	4.70%	6.29%	0.78%	0.95%	1.04%	0.74%
USGG Leverage Shares 2X Long USAR 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 USGG in my portfolio?

BRZU and USGG have a correlation of 0.42, 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 USGG?

On fees, USGG 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 USGG?

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

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

BRZU has the higher dividend yield at 1.93%, compared with 0.00% for USGG.

What is the main difference between BRZU and USGG?

BRZU tracks MSCI Brazil 25/50 Index, while USGG tracks USA Rare Earth, Inc. (USAR). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.29% for BRZU and 0.75% for USGG.