LMBO vs. ARMG

Last updated Jun 4, 2026

LMBO (Direxion Daily Crypto Industry Bull 2X Shares ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. LMBO is passively managed, while ARMG is actively managed. At a 0.47 correlation, their price movements are largely independent. LMBO charges 0.98%/yr vs 0.75%/yr for ARMG.

Performance

LMBO vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LMBO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -9.19%
• 1M: 211.14%
• YTD: 841.05%
• 6M: 460.44%
• 1Y: 443.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMBO vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	-13.58%	-6.36%
ARMG Leverage Shares 2X Long ARM Daily ETF	841.05%	-61.80%

Correlation

The correlation between LMBO and ARMG is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.47

Return for Risk

LMBO vs. ARMG — Risk / Return Rank

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

ARMG

ARMG Risk / Return Rank: 81
ARMG Sharpe Ratio Rank: 93
ARMG Sortino Ratio Rank: 78
ARMG Omega Ratio Rank: 74
ARMG Calmar Ratio Rank: 93
ARMG Martin Ratio Rank: 65

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.

LMBO vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

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

Sharpe Ratios by Period

	LMBO	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.10	—

Drawdowns

Drawdown Indicators

	LMBO	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.28%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-68.13%	—
Current Drawdown Current decline from peak	—	-9.19%	—
Average Drawdown Average peak-to-trough decline	—	-52.91%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.55%	—

Volatility

Volatility by Period

	LMBO	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	66.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	104.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	130.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	138.36%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	138.36%	—

LMBO vs. ARMG - Expense Ratio Comparison

LMBO has a 0.98% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

LMBO vs. ARMG - Dividend Comparison

LMBO's dividend yield for the trailing twelve months is around 5.30%, more than ARMG's 0.52% yield.

Position	TTM	2025	2024
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%	0.00%
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	5.30%	4.71%	0.24%

Frequently Asked Questions

Can I hold both LMBO and ARMG in my portfolio?

LMBO and ARMG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMBO or ARMG?

On fees, ARMG 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, LMBO or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 0.98% for LMBO.

Which ETF pays a higher dividend yield, LMBO or ARMG?

LMBO has the higher dividend yield at 5.30%, compared with 0.52% for ARMG.

What is the main difference between LMBO and ARMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for LMBO and 0.75% for ARMG.