DUOG vs. TNA
DUOG (Leverage Shares 2X Long DUOL Daily ETF) and TNA (Direxion Daily Small Cap Bull 3X Shares) are both Leveraged Equities funds. DUOG is actively managed, while TNA is passively managed. At a 0.14 correlation, their price movements are largely independent. DUOG charges 0.75%/yr vs 1.05%/yr for TNA.
Performance
DUOG vs. TNA - Performance Comparison
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Returns By Period
In the year-to-date period, DUOG achieves a -59.80% return, which is significantly lower than TNA's 57.67% return.
DUOG
- 1D
- 3.24%
- 1M
- 36.67%
- YTD
- -59.80%
- 6M
- -64.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TNA
- 1D
- 5.81%
- 1M
- 13.02%
- YTD
- 57.67%
- 6M
- 48.66%
- 1Y
- 134.58%
- 3Y*
- 28.48%
- 5Y*
- -3.46%
- 10Y*
- 8.86%
DUOG vs. TNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DUOG Leverage Shares 2X Long DUOL Daily ETF | -59.80% | -25.09% |
TNA Direxion Daily Small Cap Bull 3X Shares | 57.67% | -9.66% |
Correlation
The correlation between DUOG and TNA is 0.14, 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 Dec 11, 2025 | 0.14 |
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Return for Risk
DUOG vs. TNA — Risk / Return Rank
DUOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TNA
DUOG vs. TNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long DUOL Daily ETF (DUOG) and Direxion Daily Small Cap Bull 3X Shares (TNA). 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.
| DUOG | TNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.11 | — |
| Martin ratioReturn relative to average drawdown | — | 13.50 | — |
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Drawdowns
DUOG vs. TNA - Drawdown Comparison
The maximum DUOG drawdown since its inception was -83.13%, smaller than the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for DUOG and TNA.
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Drawdown Indicators
| DUOG | TNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -88.09% | +4.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -65.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.09% | — |
Current DrawdownCurrent decline from peak | -69.89% | -33.32% | -36.57% |
Average DrawdownAverage peak-to-trough decline | -63.95% | -33.92% | -30.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.89% | — |
Volatility
DUOG vs. TNA - Volatility Comparison
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Volatility by Period
| DUOG | TNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 114.34% | 58.63% | +55.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.34% | 67.58% | +46.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.34% | 68.58% | +45.76% |
DUOG vs. TNA - Expense Ratio Comparison
DUOG has a 0.75% expense ratio, which is lower than TNA's 1.05% expense ratio.
Dividends
DUOG vs. TNA - Dividend Comparison
DUOG has not paid dividends to shareholders, while TNA's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DUOG Leverage Shares 2X Long DUOL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TNA Direxion Daily Small Cap Bull 3X Shares | 0.38% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% |
Frequently Asked Questions
DUOG and TNA have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
DUOG is cheaper with a 0.75% expense ratio, compared with 1.05% for TNA.
TNA has the higher dividend yield at 0.38%, compared with 0.00% for DUOG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for DUOG and 1.05% for TNA.
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