LMTL vs. UUUG

Last updated Jun 5, 2026

LMTL (Direxion Daily LMT Bull 2X ETF) and UUUG (Leverage Shares 2X Long UUUU Daily ETF) are both Leveraged Equities funds. LMTL is actively managed, while UUUG is passively managed. At a 0.17 correlation, their price movements are largely independent. LMTL charges 1.07%/yr vs 0.75%/yr for UUUG.

Performance

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

Returns By Period

LMTL

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

UUUG

• 1D: -7.74%
• 1M: -37.53%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMTL vs. UUUG - Yearly Performance Comparison

	2026 (YTD)
LMTL Direxion Daily LMT Bull 2X ETF	-17.32%
UUUG Leverage Shares 2X Long UUUU Daily ETF	-47.31%

Correlation

The correlation between LMTL and UUUG is 0.17, 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 Jan 14, 2026	0.17

Return for Risk

LMTL vs. UUUG - 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 UUUU Daily ETF (UUUG). 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	UUUG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	-0.43	+1.22

Drawdowns

LMTL vs. UUUG - Drawdown Comparison

The maximum LMTL drawdown since its inception was -45.74%, smaller than the maximum UUUG drawdown of -75.51%. Use the drawdown chart below to compare losses from any high point for LMTL and UUUG.

Drawdown Indicators

	LMTL	UUUG	Difference
Max Drawdown Largest peak-to-trough decline	-45.74%	-75.51%	+29.77%
Current Drawdown Current decline from peak	-43.02%	-72.83%	+29.81%
Average Drawdown Average peak-to-trough decline	-13.72%	-51.55%	+37.83%

Volatility

Volatility by Period

	LMTL	UUUG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	48.78%	190.45%	-141.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.78%	190.45%	-141.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.78%	190.45%	-141.67%

LMTL vs. UUUG - Expense Ratio Comparison

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

Dividends

LMTL vs. UUUG - Dividend Comparison

LMTL's dividend yield for the trailing twelve months is around 3.47%, while UUUG has not paid dividends to shareholders.

Position	TTM	2025
LMTL Direxion Daily LMT Bull 2X ETF	3.47%	3.18%
UUUG Leverage Shares 2X Long UUUU Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both LMTL and UUUG in my portfolio?

LMTL and UUUG have a correlation of 0.17, 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 UUUG?

On fees, UUUG 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 UUUG?

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

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

LMTL has the higher dividend yield at 3.47%, compared with 0.00% for UUUG.

What is the main difference between LMTL and UUUG?

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