FUTG vs. SAA
FUTG (Leverage Shares 2X Long FUTU Daily ETF) and SAA (ProShares Ultra SmallCap600) are both Leveraged Equities funds. FUTG is actively managed, while SAA is passively managed. At a 0.42 correlation, their price movements are largely independent. FUTG charges 0.75%/yr vs 0.95%/yr for SAA.
Performance
FUTG vs. SAA - Performance Comparison
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Returns By Period
In the year-to-date period, FUTG achieves a -75.13% return, which is significantly lower than SAA's 37.82% return.
FUTG
- 1D
- 3.79%
- 1M
- -61.72%
- YTD
- -75.13%
- 6M
- -77.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAA
- 1D
- 2.03%
- 1M
- 10.79%
- YTD
- 37.82%
- 6M
- 30.48%
- 1Y
- 72.96%
- 3Y*
- 18.49%
- 5Y*
- 2.36%
- 10Y*
- 12.47%
FUTG vs. SAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.13% | -0.20% |
SAA ProShares Ultra SmallCap600 | 37.82% | 6.03% |
Correlation
The correlation between FUTG and SAA is 0.42, 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 Oct 14, 2025 | 0.42 |
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Return for Risk
FUTG vs. SAA — Risk / Return Rank
FUTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAA
FUTG vs. SAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FUTU Daily ETF (FUTG) and ProShares Ultra SmallCap600 (SAA). 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.
| FUTG | SAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.61 | — |
| Martin ratioReturn relative to average drawdown | — | 11.75 | — |
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Drawdowns
FUTG vs. SAA - Drawdown Comparison
The maximum FUTG drawdown since its inception was -86.19%, roughly equal to the maximum SAA drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for FUTG and SAA.
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Drawdown Indicators
| FUTG | SAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.19% | -87.39% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.54% | — |
Current DrawdownCurrent decline from peak | -84.04% | 0.00% | -84.04% |
Average DrawdownAverage peak-to-trough decline | -41.98% | -27.38% | -14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.60% | — |
Volatility
FUTG vs. SAA - Volatility Comparison
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Volatility by Period
| FUTG | SAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 133.43% | 36.26% | +97.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.43% | 43.58% | +89.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.43% | 46.15% | +87.28% |
FUTG vs. SAA - Expense Ratio Comparison
FUTG has a 0.75% expense ratio, which is lower than SAA's 0.95% expense ratio.
Dividends
FUTG vs. SAA - Dividend Comparison
FUTG has not paid dividends to shareholders, while SAA's dividend yield for the trailing twelve months is around 0.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FUTG Leverage Shares 2X Long FUTU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAA ProShares Ultra SmallCap600 | 0.73% | 1.05% | 1.36% | 0.88% | 0.46% | 0.00% | 0.03% | 0.35% | 0.27% | 0.00% | 0.14% |
Frequently Asked Questions
FUTG and SAA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 0.95% for SAA.
SAA has the higher dividend yield at 0.73%, compared with 0.00% for FUTG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for FUTG and 0.95% for SAA.
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