DRIP vs. ABNG
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. DRIP is passively managed, while ABNG is actively managed. At a 0.09 correlation, their price movements are largely independent. DRIP charges 1.07%/yr vs 0.75%/yr for ABNG.
Performance
DRIP vs. ABNG - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -50.45% return, which is significantly lower than ABNG's -12.31% return.
DRIP
- 1D
- -3.05%
- 1M
- 9.61%
- YTD
- -50.45%
- 6M
- -43.03%
- 1Y
- -56.10%
- 3Y*
- -30.92%
- 5Y*
- -41.62%
- 10Y*
- -42.95%
ABNG
- 1D
- -0.92%
- 1M
- -8.78%
- YTD
- -12.31%
- 6M
- 10.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRIP vs. ABNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -50.45% | 6.34% |
ABNG Leverage Shares 2x Long ABNB Daily ETF | -12.31% | 30.68% |
Correlation
The correlation between DRIP and ABNG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.09 |
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Return for Risk
DRIP vs. ABNG — Risk / Return Rank
DRIP
ABNG
DRIP vs. ABNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). 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.
| DRIP | ABNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | — | — |
| Martin ratioReturn relative to average drawdown | -1.64 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIP | ABNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.46 | -0.88 |
Drawdowns
DRIP vs. ABNG - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for DRIP and ABNG.
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Drawdown Indicators
| DRIP | ABNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -33.03% | -66.92% |
Max Drawdown (1Y)Largest decline over 1 year | -63.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -17.35% | -82.59% |
Average DrawdownAverage peak-to-trough decline | -90.45% | -11.73% | -78.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.12% | — | — |
Volatility
DRIP vs. ABNG - Volatility Comparison
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Volatility by Period
| DRIP | ABNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 43.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 63.13% | -7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 63.13% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.59% | 63.13% | +33.46% |
DRIP vs. ABNG - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than ABNG's 0.75% expense ratio.
Dividends
DRIP vs. ABNG - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.99%, while ABNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ABNG Leverage Shares 2x Long ABNB Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.99% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Frequently Asked Questions
DRIP and ABNG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ABNG is cheaper with a 0.75% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.99%, compared with 0.00% for ABNG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for DRIP and 0.75% for ABNG.
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