CMGG vs. ELIL

Last updated Jun 4, 2026

CMGG (Leverage Shares 2X Long CMG Daily ETF) and ELIL (Direxion Daily LLY Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. CMGG charges 0.75%/yr vs 0.97%/yr for ELIL.

Performance

CMGG vs. ELIL - Performance Comparison

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

Returns By Period

In the year-to-date period, CMGG achieves a -45.23% return, which is significantly lower than ELIL's -8.59% return.

CMGG

• 1D: -3.36%
• 1M: -20.45%
• YTD: -45.23%
• 6M: -35.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELIL

• 1D: 3.14%
• 1M: 23.31%
• YTD: -8.59%
• 6M: -1.88%
• 1Y: 63.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CMGG vs. ELIL - Yearly Performance Comparison

	2026 (YTD)	2025
CMGG Leverage Shares 2X Long CMG Daily ETF	-45.23%	43.86%
ELIL Direxion Daily LLY Bull 2X Shares	-8.59%	8.66%

Correlation

The correlation between CMGG and ELIL is 0.11, 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	0.11

Return for Risk

CMGG vs. ELIL — Risk / Return Rank

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

ELIL

ELIL Risk / Return Rank: 28
ELIL Sharpe Ratio Rank: 25
ELIL Sortino Ratio Rank: 29
ELIL Omega Ratio Rank: 32
ELIL Calmar Ratio Rank: 29
ELIL Martin Ratio Rank: 24

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.

CMGG vs. ELIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CMG Daily ETF (CMGG) and Direxion Daily LLY Bull 2X Shares (ELIL). 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

	CMGG	ELIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	0.25	-0.79

Drawdowns

CMGG vs. ELIL - Drawdown Comparison

The maximum CMGG drawdown since its inception was -54.58%, roughly equal to the maximum ELIL drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for CMGG and ELIL.

Drawdown Indicators

	CMGG	ELIL	Difference
Max Drawdown Largest peak-to-trough decline	-54.58%	-56.03%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-46.28%	—
Current Drawdown Current decline from peak	-54.58%	-15.45%	-39.13%
Average Drawdown Average peak-to-trough decline	-21.08%	-24.34%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.41%	—

Volatility

Volatility by Period

	CMGG	ELIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.76%	75.36%	-8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.76%	83.27%	-16.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.76%	83.27%	-16.51%

CMGG vs. ELIL - Expense Ratio Comparison

CMGG has a 0.75% expense ratio, which is lower than ELIL's 0.97% expense ratio.

Dividends

CMGG vs. ELIL - Dividend Comparison

CMGG has not paid dividends to shareholders, while ELIL's dividend yield for the trailing twelve months is around 12.18%.

Position	TTM	2025
CMGG Leverage Shares 2X Long CMG Daily ETF	0.00%	0.00%
ELIL Direxion Daily LLY Bull 2X Shares	12.18%	10.92%

Frequently Asked Questions

Can I hold both CMGG and ELIL in my portfolio?

CMGG and ELIL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CMGG or ELIL?

On fees, CMGG 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, CMGG or ELIL?

CMGG is cheaper with a 0.75% expense ratio, compared with 0.97% for ELIL.

Which ETF pays a higher dividend yield, CMGG or ELIL?

ELIL has the higher dividend yield at 12.18%, compared with 0.00% for CMGG.

What is the main difference between CMGG and ELIL?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for CMGG and 0.97% for ELIL.