BULG vs. BEX

Last updated Jun 4, 2026

BULG (Leverage Shares 2X Long BULL Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.26, they often move in opposite directions. BULG charges 0.87%/yr vs 1.30%/yr for BEX.

Performance

BULG vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BULL Daily ETF (BULG) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BULG

• 1D: -10.40%
• 1M: -35.04%
• YTD: -56.19%
• 6M: -70.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: -10.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BULG vs. BEX - Yearly Performance Comparison

	2026 (YTD)
BULG Leverage Shares 2X Long BULL Daily ETF	-12.43%
BEX Tradr 2X Long BE Daily ETF	-11.47%

Correlation

The correlation between BULG and BEX is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.26

Return for Risk

BULG vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BULL Daily ETF (BULG) and Tradr 2X Long BE Daily ETF (BEX). 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

	BULG	BEX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	-0.59	-0.24

Drawdowns

BULG vs. BEX - Drawdown Comparison

The maximum BULG drawdown since its inception was -94.15%, which is greater than BEX's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for BULG and BEX.

Drawdown Indicators

	BULG	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-94.15%	-18.65%	-75.50%
Current Drawdown Current decline from peak	-91.64%	-11.47%	-80.17%
Average Drawdown Average peak-to-trough decline	-69.49%	-9.41%	-60.08%

Volatility

Volatility by Period

	BULG	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	113.93%	184.67%	-70.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.93%	184.67%	-70.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.93%	184.67%	-70.74%

BULG vs. BEX - Expense Ratio Comparison

BULG has a 0.87% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

BULG vs. BEX - Dividend Comparison

Neither BULG nor BEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BULG and BEX in my portfolio?

BULG and BEX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BULG or BEX?

On fees, BULG is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BULG or BEX?

BULG is cheaper with a 0.87% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, BULG or BEX?

BULG and BEX have nearly identical dividend yields, around 0.00%.

What is the main difference between BULG and BEX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.87% for BULG and 1.30% for BEX.