LMTL vs. ASMG

Last updated Jun 5, 2026

LMTL (Direxion Daily LMT Bull 2X ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. LMTL charges 1.07%/yr vs 0.75%/yr for ASMG.

Performance

LMTL vs. ASMG - Performance Comparison

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

Returns By Period

In the year-to-date period, LMTL achieves a 8.57% return, which is significantly lower than ASMG's 135.99% return.

LMTL

• 1D: 2.29%
• 1M: 4.14%
• YTD: 8.57%
• 6M: 25.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 3.70%
• 1M: 43.96%
• YTD: 135.99%
• 6M: 116.32%
• 1Y: 327.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMTL vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
LMTL Direxion Daily LMT Bull 2X ETF	8.57%	20.61%
ASMG Leverage Shares 2X Long ASML Daily ETF	135.99%	117.24%

Correlation

The correlation between LMTL and ASMG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025	0.09

Return for Risk

LMTL vs. ASMG — Risk / Return Rank

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

ASMG

ASMG Risk / Return Rank: 88
ASMG Sharpe Ratio Rank: 96
ASMG Sortino Ratio Rank: 81
ASMG Omega Ratio Rank: 74
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 93

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.

LMTL vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LMT Bull 2X ETF (LMTL) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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

	LMTL	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.97	-1.18

Drawdowns

LMTL vs. ASMG - Drawdown Comparison

The maximum LMTL drawdown since its inception was -45.74%, roughly equal to the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for LMTL and ASMG.

Drawdown Indicators

	LMTL	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-45.74%	-43.95%	-1.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.56%	—
Current Drawdown Current decline from peak	-43.02%	0.00%	-43.02%
Average Drawdown Average peak-to-trough decline	-13.72%	-13.24%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.85%	—

Volatility

Volatility by Period

	LMTL	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	48.78%	81.20%	-32.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.78%	84.41%	-35.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.78%	84.41%	-35.63%

LMTL vs. ASMG - Expense Ratio Comparison

LMTL has a 1.07% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

LMTL vs. ASMG - Dividend Comparison

LMTL's dividend yield for the trailing twelve months is around 3.47%, less than ASMG's 4.75% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.75%	11.20%
LMTL Direxion Daily LMT Bull 2X ETF	3.47%	3.18%

Frequently Asked Questions

Can I hold both LMTL and ASMG in my portfolio?

LMTL and ASMG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMTL or ASMG?

On fees, ASMG 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, LMTL or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 1.07% for LMTL.

Which ETF pays a higher dividend yield, LMTL or ASMG?

ASMG has the higher dividend yield at 4.75%, compared with 3.47% for LMTL.

What is the main difference between LMTL and ASMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for LMTL and 0.75% for ASMG.