LMBO vs. HOOG

Last updated Jun 5, 2026

LMBO (Direxion Daily Crypto Industry Bull 2X Shares ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. LMBO is passively managed, while HOOG is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. LMBO charges 0.98%/yr vs 0.75%/yr for HOOG.

Performance

LMBO vs. HOOG - 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 HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LMBO

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

HOOG

• 1D: 12.78%
• 1M: 23.20%
• YTD: -55.34%
• 6M: -70.69%
• 1Y: -21.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMBO vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	-13.58%	31.74%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-55.34%	291.44%

Correlation

The correlation between LMBO and HOOG is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.70

The correlation between LMBO and HOOG has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

LMBO vs. HOOG — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 11
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 16
HOOG Omega Ratio Rank: 16
HOOG Calmar Ratio Rank: 7
HOOG Martin Ratio Rank: 7

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. HOOG - 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 HOOD Daily ETF (HOOG). 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	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	LMBO	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	—	-86.94%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	—	-79.17%	—
Average Drawdown Average peak-to-trough decline	—	-37.70%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.46%	—

Volatility

Volatility by Period

	LMBO	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	43.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	137.25%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	145.07%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	145.07%	—

LMBO vs. HOOG - Expense Ratio Comparison

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

Dividends

LMBO vs. HOOG - Dividend Comparison

LMBO's dividend yield for the trailing twelve months is around 5.30%, less than HOOG's 27.55% yield.

Position	TTM	2025	2024
HOOG Leverage Shares 2X Long HOOD Daily ETF	27.55%	12.30%	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 HOOG in my portfolio?

LMBO and HOOG have a correlation of 0.66, 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 HOOG?

On fees, HOOG 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 HOOG?

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

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

HOOG has the higher dividend yield at 27.55%, compared with 5.30% for LMBO.

What is the main difference between LMBO and HOOG?

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