CONX vs. HUTG

Last updated Jun 24, 2026

CONX (Direxion Daily COIN Bull 2X ETF) and HUTG (Leverage Shares 2X Long HUT Daily ETF) are both Leveraged Equities funds. CONX is actively managed, while HUTG is passively managed. At a 0.48 correlation, their price movements are largely independent. CONX charges 0.97%/yr vs 0.75%/yr for HUTG.

Performance

CONX vs. HUTG - 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 HUT Daily ETF (HUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CONX

• 1D: -8.02%
• 1M: -30.18%
• YTD: -65.15%
• 6M: -69.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HUTG

• 1D: -1.86%
• 1M: 20.04%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CONX vs. HUTG - Yearly Performance Comparison

	2026 (YTD)
CONX Direxion Daily COIN Bull 2X ETF	-69.41%
HUTG Leverage Shares 2X Long HUT Daily ETF	114.72%

Correlation

The correlation between CONX and HUTG is 0.48, 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 Jan 13, 2026	0.48

Return for Risk

CONX vs. HUTG - 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 HUT Daily ETF (HUTG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CONX vs. HUTG - Drawdown Comparison

The maximum CONX drawdown since its inception was -78.48%, which is greater than HUTG's maximum drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for CONX and HUTG.

Drawdown Indicators

	CONX	HUTG	Difference
Max Drawdown Largest peak-to-trough decline	-78.48%	-66.30%	-12.18%
Current Drawdown Current decline from peak	-77.29%	-23.12%	-54.17%
Average Drawdown Average peak-to-trough decline	-50.94%	-26.46%	-24.48%

Volatility

Volatility by Period

	CONX	HUTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	143.86%	215.34%	-71.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.86%	215.34%	-71.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.86%	215.34%	-71.48%

CONX vs. HUTG - Expense Ratio Comparison

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

Dividends

CONX vs. HUTG - Dividend Comparison

CONX's dividend yield for the trailing twelve months is around 2.86%, while HUTG has not paid dividends to shareholders.

Position	TTM	2025
CONX Direxion Daily COIN Bull 2X ETF	2.86%	0.42%
HUTG Leverage Shares 2X Long HUT Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CONX and HUTG in my portfolio?

CONX and HUTG have a correlation of 0.48, 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 HUTG?

On fees, HUTG 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 HUTG?

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

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

CONX has the higher dividend yield at 2.86%, compared with 0.00% for HUTG.

What is the main difference between CONX and HUTG?

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