DUOG vs. BEX

Last updated Aug 4, 2026

DUOG (Leverage Shares 2X Long DUOL Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.24 correlation means they have often moved in opposite directions in the past. DUOG charges 0.75%/yr vs 1.30%/yr for BEX.

Performance

DUOG vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long DUOL Daily ETF (DUOG) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DUOG

• 1D: 1.33%
• 1M: 11.47%
• 6M: -18.84%
• YTD: -55.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BEX

• 1D: 11.90%
• 1M: -45.79%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEX Tradr 2X Long BE Daily ETF	$86.65M	$77.88M	$68.53M
DUOG Leverage Shares 2X Long DUOL Daily ETF	$320.85K	$315.41K	$734.14K

DUOG vs. BEX - Yearly Performance Comparison

	2026 (YTD)
DUOG Leverage Shares 2X Long DUOL Daily ETF	47.96%
BEX Tradr 2X Long BE Daily ETF	-66.26%

Correlation

The correlation between DUOG and BEX is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.24

Return for Risk

DUOG vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long DUOL Daily ETF (DUOG) and Tradr 2X Long BE Daily ETF (BEX). 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

DUOG vs. BEX - Drawdown Comparison

The maximum DUOG drawdown since its inception was -83.13%, roughly equal to the maximum BEX drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for DUOG and BEX.

Drawdown Indicators

	DUOG	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-83.13%	-82.16%	-0.97%
Current Drawdown Current decline from peak	-66.99%	-69.59%	+2.60%
Average Drawdown Average peak-to-trough decline	-64.99%	-42.01%	-22.98%

Volatility

Volatility by Period

	DUOG	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	117.13%	263.57%	-146.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.13%	263.57%	-146.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.13%	263.57%	-146.44%

DUOG vs. BEX - Expense Ratio Comparison

DUOG has a 0.75% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

DUOG vs. BEX - Dividend Comparison

Neither DUOG nor BEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DUOG and BEX in my portfolio?

DUOG and BEX have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DUOG or BEX?

On fees, DUOG 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, DUOG or BEX?

DUOG is cheaper with a 0.75% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, DUOG or BEX?

DUOG and BEX have nearly identical dividend yields, around 0.00%.

What is the main difference between DUOG and BEX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for DUOG and 1.30% for BEX.