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BULZ vs. EURL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BULZ vs. EURL

Last updated Jun 10, 2026

BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) and EURL (Direxion Daily FTSE Europe Bull 3x Shares) are both Leveraged Equities funds - BULZ tracks the Solactive FANG Innovation while EURL tracks the FTSE Developed Europe Index (300%). Both are passively managed. Over the past 3 years, BULZ returned 83.10%/yr vs 30.39%/yr for EURL. A 0.58 correlation means they provide meaningful diversification when combined. BULZ charges 0.95%/yr vs 1.07%/yr for EURL.

Performance

BULZ vs. EURL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Direxion Daily FTSE Europe Bull 3x Shares (EURL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BULZ achieves a 56.31% return, which is significantly higher than EURL's 7.52% return.

BULZ

1D
-6.74%
1M
-10.58%
YTD
56.31%
6M
42.09%
1Y
170.25%
3Y*
83.10%
5Y*
—
10Y*
—

EURL

1D
1.08%
1M
-2.28%
YTD
7.52%
6M
17.70%
1Y
32.84%
3Y*
30.39%
5Y*
4.40%
10Y*
9.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BULZ vs. EURL - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN		56.31%60.09%54.09%394.22%-92.26%9.17%
EURL
Direxion Daily FTSE Europe Bull 3x Shares		7.52%105.85%-11.42%44.19%-54.41%-3.17%

Correlation

The correlation between BULZ and EURL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Aug 18, 2021

0.58

The correlation between BULZ and EURL has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

BULZ vs. EURL - Sectors Allocation Comparison

Sectors
BULZ
EURL

Technology

62.3%
7.9%

Communication Services

25.0%
3.3%

Consumer Cyclical

12.8%
7.2%

Basic Materials

-

5.5%

Consumer Defensive

-

8.2%

Energy

-

5.7%

Financial Services

-

23.0%

Healthcare

-

13.2%

Industrials

-

19.8%

Real Estate

-

1.6%

Utilities

-

4.8%

Technology

BULZ
62.3%
EURL
7.9%

Communication Services

BULZ
25.0%
EURL
3.3%

Consumer Cyclical

BULZ
12.8%
EURL
7.2%

Basic Materials

BULZ

-

EURL
5.5%

Consumer Defensive

BULZ

-

EURL
8.2%

Energy

BULZ

-

EURL
5.7%

Financial Services

BULZ

-

EURL
23.0%

Healthcare

BULZ

-

EURL
13.2%

Industrials

BULZ

-

EURL
19.8%

Real Estate

BULZ

-

EURL
1.6%

Utilities

BULZ

-

EURL
4.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN

Direxion Daily FTSE Europe Bull 3x Shares

Often compared with BULZ:
BULZ vs. FNGUBULZ vs. SOXLBULZ vs. TECLBULZ vs. TQQQBULZ vs. BERZBULZ vs. FNGOBULZ vs. SMCI
Often compared with EURL:
EURL vs. EUFNEURL vs. UPVEURL vs. QQQEURL vs. SOXLEURL vs. VGKEURL vs. TQQQEURL vs. SPY

Return for Risk

BULZ vs. EURL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BULZ
BULZ Risk / Return Rank: 6464
Overall Rank
BULZ Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
BULZ Sortino Ratio Rank: 5858
Sortino Ratio Rank
BULZ Omega Ratio Rank: 6060
Omega Ratio Rank
BULZ Calmar Ratio Rank: 7171
Calmar Ratio Rank
BULZ Martin Ratio Rank: 5454
Martin Ratio Rank
EURL
EURL Risk / Return Rank: 2424
Overall Rank
EURL Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
EURL Sortino Ratio Rank: 2525
Sortino Ratio Rank
EURL Omega Ratio Rank: 2424
Omega Ratio Rank
EURL Calmar Ratio Rank: 2424
Calmar Ratio Rank
EURL Martin Ratio Rank: 2525
Martin Ratio Rank
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.

BULZ vs. EURL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Direxion Daily FTSE Europe Bull 3x Shares (EURL). 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.

BULZEURLDifference
Sharpe ratioReturn per unit of total volatility
2.23
0.70

+1.52

Sortino ratioReturn per unit of downside risk
2.43
1.23

+1.20

Omega ratioGain probability vs. loss probability

1.33

1.15

+0.18

Calmar ratioReturn relative to maximum drawdown

3.16

1.00

+2.16

Martin ratioReturn relative to average drawdown

8.39

3.14

+5.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BULZ vs. EURL - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 2.23, which is higher than the EURL Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of BULZ and EURL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BULZEURLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

0.70

+1.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.08

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.17

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

0.04

+0.08

Drawdowns

BULZ vs. EURL - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than EURL's maximum drawdown of -84.65%. Use the drawdown chart below to compare losses from any high point for BULZ and EURL.

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Drawdown Indicators

BULZEURLDifference

Max Drawdown

Largest peak-to-trough decline

-94.44%

-84.65%

-9.79%

Max Drawdown (1Y)

Largest decline over 1 year

-54.22%

-33.05%

-21.17%

Max Drawdown (3Y)

Largest decline over 3 years

-67.96%

-38.81%

-29.15%

Max Drawdown (5Y)

Largest decline over 5 years

—

-75.24%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-84.65%

—

Current Drawdown

Current decline from peak

-26.36%

-13.74%

-12.62%

Average Drawdown

Average peak-to-trough decline

-58.25%

-36.94%

-21.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.37%

10.47%

+9.90%

Volatility

BULZ vs. EURL - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 28.83% compared to Direxion Daily FTSE Europe Bull 3x Shares (EURL) at 14.77%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than EURL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BULZEURLDifference

Volatility (1M)

Calculated over the trailing 1-month period

28.83%

14.77%

+14.06%

Volatility (6M)

Calculated over the trailing 6-month period

61.05%

39.25%

+21.80%

Volatility (1Y)

Calculated over the trailing 1-year period

77.01%

46.84%

+30.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

91.54%

53.35%

+38.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

91.54%

55.76%

+35.78%

BULZ vs. EURL - Expense Ratio Comparison

BULZ has a 0.95% expense ratio, which is lower than EURL's 1.07% expense ratio.

Dividends

BULZ vs. EURL - Dividend Comparison

BULZ has not paid dividends to shareholders, while EURL's dividend yield for the trailing twelve months is around 1.45%.

PositionTTM202520242023202220212020201920182017
BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EURL
Direxion Daily FTSE Europe Bull 3x Shares		1.45%1.50%3.51%2.50%1.80%0.33%0.41%1.17%3.07%0.38%

Frequently Asked Questions

BULZ and EURL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BULZ has higher volatility (28.83%) compared to EURL (14.77%). In terms of maximum drawdown, BULZ dropped -94.44% vs EURL's -84.65%.

On 3-year performance, BULZ leads with 83.10% vs 30.39% for EURL. On fees, BULZ is cheaper at 0.95% per year. On volatility, EURL has been the lower-risk option at 14.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, BULZ has performed better with a 83.10% return vs 30.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BULZ is cheaper with a 0.95% expense ratio, compared with 1.07% for EURL.

EURL has the higher dividend yield at 1.45%, compared with 0.00% for BULZ.

BULZ tracks Solactive FANG Innovation, while EURL tracks FTSE Developed Europe Index (300%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for BULZ and 1.07% for EURL.

BULZ currently has the higher Sharpe Ratio (2.23 vs 0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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