DUSL vs. LULG

Last updated Jun 26, 2026

DUSL (Direxion Daily Industrials Bull 3X Shares) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. DUSL is passively managed, while LULG is actively managed. At a 0.34 correlation, their price movements are largely independent. DUSL charges 1.01%/yr vs 0.75%/yr for LULG.

Performance

DUSL vs. LULG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Industrials Bull 3X Shares (DUSL) and Leverage Shares 2X Long LULU Daily ETF (LULG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSL achieves a 53.24% return, which is significantly higher than LULG's -75.54% return.

DUSL

• 1D: 6.82%
• 1M: 16.12%
• YTD: 53.24%
• 6M: 45.94%
• 1Y: 83.22%
• 3Y*: 51.98%
• 5Y*: 23.61%
• 10Y*: —

LULG

• 1D: -1.81%
• 1M: -25.41%
• YTD: -75.54%
• 6M: -76.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUSL vs. LULG - Yearly Performance Comparison

	2026 (YTD)	2025
DUSL Direxion Daily Industrials Bull 3X Shares	53.24%	4.27%
LULG Leverage Shares 2X Long LULU Daily ETF	-75.54%	55.59%

Correlation

The correlation between DUSL and LULG is 0.34, 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 Nov 5, 2025	0.34

Return for Risk

DUSL vs. LULG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUSL

DUSL Risk / Return Rank: 53
DUSL Sharpe Ratio Rank: 57
DUSL Sortino Ratio Rank: 52
DUSL Omega Ratio Rank: 48
DUSL Calmar Ratio Rank: 58
DUSL Martin Ratio Rank: 53

LULG

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUSL vs. LULG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Industrials Bull 3X Shares (DUSL) and Leverage Shares 2X Long LULU Daily ETF (LULG). 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.

	DUSL	LULG	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	8.16	—	—

Drawdowns

DUSL vs. LULG - Drawdown Comparison

The maximum DUSL drawdown since its inception was -85.74%, which is greater than LULG's maximum drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for DUSL and LULG.

Drawdown Indicators

	DUSL	LULG	Difference
Max Drawdown Largest peak-to-trough decline	-85.74%	-79.88%	-5.86%
Max Drawdown (1Y) Largest decline over 1 year	-33.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-50.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.43%	—	—
Current Drawdown Current decline from peak	0.00%	-77.35%	+77.35%
Average Drawdown Average peak-to-trough decline	-21.90%	-37.21%	+15.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.24%	—	—

Volatility

Volatility by Period

	DUSL	LULG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.00%	88.29%	-38.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.00%	88.29%	-35.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.66%	88.29%	-26.63%

DUSL vs. LULG - Expense Ratio Comparison

DUSL has a 1.01% expense ratio, which is higher than LULG's 0.75% expense ratio.

Dividends

DUSL vs. LULG - Dividend Comparison

DUSL's dividend yield for the trailing twelve months is around 7.37%, while LULG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSL Direxion Daily Industrials Bull 3X Shares	7.37%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%
LULG Leverage Shares 2X Long LULU Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUSL and LULG in my portfolio?

DUSL and LULG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DUSL or LULG?

On fees, LULG 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, DUSL or LULG?

LULG is cheaper with a 0.75% expense ratio, compared with 1.01% for DUSL.

Which ETF pays a higher dividend yield, DUSL or LULG?

DUSL has the higher dividend yield at 7.37%, compared with 0.00% for LULG.

What is the main difference between DUSL and LULG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.01% for DUSL and 0.75% for LULG.