CONX vs. BLSG

Last updated Jun 4, 2026

CONX (Direxion Daily COIN Bull 2X ETF) and BLSG (Leverage Shares 2X Long BLSH Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. CONX charges 0.97%/yr vs 0.75%/yr for BLSG.

Performance

CONX vs. BLSG - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with CONX having a -61.79% return and BLSG slightly higher at -58.79%.

CONX

• 1D: -12.34%
• 1M: -38.44%
• YTD: -61.79%
• 6M: -75.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLSG

• 1D: -15.77%
• 1M: -55.27%
• YTD: -58.79%
• 6M: -73.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CONX vs. BLSG - Yearly Performance Comparison

	2026 (YTD)	2025
CONX Direxion Daily COIN Bull 2X ETF	-61.79%	-26.29%
BLSG Leverage Shares 2X Long BLSH Daily ETF	-58.79%	2.72%

Correlation

The correlation between CONX and BLSG is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.69

Return for Risk

CONX vs. BLSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). 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

	CONX	BLSG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.66	+0.03

Drawdowns

CONX vs. BLSG - Drawdown Comparison

The maximum CONX drawdown since its inception was -76.90%, smaller than the maximum BLSG drawdown of -83.67%. Use the drawdown chart below to compare losses from any high point for CONX and BLSG.

Drawdown Indicators

	CONX	BLSG	Difference
Max Drawdown Largest peak-to-trough decline	-76.90%	-83.67%	+6.77%
Current Drawdown Current decline from peak	-75.11%	-83.52%	+8.41%
Average Drawdown Average peak-to-trough decline	-48.87%	-60.12%	+11.25%

Volatility

Volatility by Period

	CONX	BLSG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	146.14%	145.44%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.14%	145.44%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.14%	145.44%	+0.70%

CONX vs. BLSG - Expense Ratio Comparison

CONX has a 0.97% expense ratio, which is higher than BLSG's 0.75% expense ratio.

Dividends

CONX vs. BLSG - Dividend Comparison

CONX's dividend yield for the trailing twelve months is around 2.12%, while BLSG has not paid dividends to shareholders.

Position	TTM	2025
BLSG Leverage Shares 2X Long BLSH Daily ETF	0.00%	0.00%
CONX Direxion Daily COIN Bull 2X ETF	2.12%	0.42%

Frequently Asked Questions

Can I hold both CONX and BLSG in my portfolio?

CONX and BLSG have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CONX or BLSG?

On fees, BLSG 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, CONX or BLSG?

BLSG is cheaper with a 0.75% expense ratio, compared with 0.97% for CONX.

Which ETF pays a higher dividend yield, CONX or BLSG?

CONX has the higher dividend yield at 2.12%, compared with 0.00% for BLSG.

What is the main difference between CONX and BLSG?

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