LMTL vs. GRAG

Last updated Jul 11, 2026

LMTL (Direxion Daily LMT Bull 2X ETF) and GRAG (Leverage Shares 2X Long GRAB Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. LMTL charges 1.07%/yr vs 0.75%/yr for GRAG.

Performance

LMTL vs. GRAG - 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 GRAB Daily ETF (GRAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMTL achieves a 7.80% return, which is significantly higher than GRAG's -45.71% return.

LMTL

• 1D: 1.99%
• 1M: -7.59%
• 6M: -13.45%
• YTD: 7.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRAG

• 1D: 3.50%
• 1M: 35.16%
• 6M: -41.95%
• YTD: -45.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMTL vs. GRAG - Yearly Performance Comparison

	2026 (YTD)	2025
LMTL Direxion Daily LMT Bull 2X ETF	7.80%	6.00%
GRAG Leverage Shares 2X Long GRAB Daily ETF	-45.71%	-5.79%

Correlation

The correlation between LMTL and GRAG is -0.00, 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 Dec 11, 2025	-0.00

Return for Risk

LMTL vs. GRAG - 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 GRAB Daily ETF (GRAG). 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.

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

Drawdowns

LMTL vs. GRAG - Drawdown Comparison

The maximum LMTL drawdown since its inception was -49.46%, smaller than the maximum GRAG drawdown of -65.33%. Use the drawdown chart below to compare losses from any high point for LMTL and GRAG.

Drawdown Indicators

	LMTL	GRAG	Difference
Max Drawdown Largest peak-to-trough decline	-49.46%	-65.33%	+15.87%
Current Drawdown Current decline from peak	-43.43%	-51.08%	+7.65%
Average Drawdown Average peak-to-trough decline	-16.69%	-42.73%	+26.04%

Volatility

Volatility by Period

	LMTL	GRAG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	51.11%	70.55%	-19.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.11%	70.55%	-19.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.11%	70.55%	-19.44%

LMTL vs. GRAG - Expense Ratio Comparison

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

Dividends

LMTL vs. GRAG - Dividend Comparison

LMTL's dividend yield for the trailing twelve months is around 4.23%, while GRAG has not paid dividends to shareholders.

Position	TTM	2025
GRAG Leverage Shares 2X Long GRAB Daily ETF	0.00%	0.00%
LMTL Direxion Daily LMT Bull 2X ETF	4.23%	3.18%

Frequently Asked Questions

Can I hold both LMTL and GRAG in my portfolio?

LMTL and GRAG have a correlation of -0.00, 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 GRAG?

On fees, GRAG 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 GRAG?

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

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

LMTL has the higher dividend yield at 4.23%, compared with 0.00% for GRAG.

What is the main difference between LMTL and GRAG?

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