BULG vs. SPOG
BULG (Leverage Shares 2X Long BULL Daily ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. BULG charges 0.87%/yr vs 0.75%/yr for SPOG.
Performance
BULG vs. SPOG - Performance Comparison
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Returns By Period
In the year-to-date period, BULG achieves a -56.19% return, which is significantly lower than SPOG's -41.52% return.
BULG
- 1D
- -10.40%
- 1M
- -35.04%
- YTD
- -56.19%
- 6M
- -70.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG
- 1D
- -5.23%
- 1M
- 19.81%
- YTD
- -41.52%
- 6M
- -37.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BULG vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BULG Leverage Shares 2X Long BULL Daily ETF | -56.19% | -14.10% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -41.52% | -19.53% |
Correlation
The correlation between BULG and SPOG is 0.13, 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 Nov 18, 2025 | 0.13 |
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Return for Risk
BULG vs. SPOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BULL Daily ETF (BULG) and Leverage Shares 2X Long SPOT Daily ETF (SPOG). 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.
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Sharpe Ratios by Period
| BULG | SPOG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | -0.73 | -0.10 |
Drawdowns
BULG vs. SPOG - Drawdown Comparison
The maximum BULG drawdown since its inception was -94.15%, which is greater than SPOG's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for BULG and SPOG.
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Drawdown Indicators
| BULG | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.15% | -64.41% | -29.74% |
Current DrawdownCurrent decline from peak | -91.64% | -52.94% | -38.70% |
Average DrawdownAverage peak-to-trough decline | -69.49% | -40.43% | -29.06% |
Volatility
BULG vs. SPOG - Volatility Comparison
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Volatility by Period
| BULG | SPOG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 113.93% | 103.84% | +10.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.93% | 103.84% | +10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.93% | 103.84% | +10.09% |
BULG vs. SPOG - Expense Ratio Comparison
BULG has a 0.87% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
BULG vs. SPOG - Dividend Comparison
Neither BULG nor SPOG has paid dividends to shareholders.
Frequently Asked Questions
BULG and SPOG have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.87% for BULG.
BULG and SPOG have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.87% for BULG and 0.75% for SPOG.
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