LULG vs. GSG
LULG (Leverage Shares 2X Long LULU Daily ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - LULG is a Leveraged Equities fund actively managed by Leverage Shares, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. LULG is actively managed, while GSG is passively managed. At a correlation of -0.27, they often move in opposite directions. Both charge a 0.75% expense ratio.
Performance
LULG vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, LULG achieves a -72.19% return, which is significantly lower than GSG's 32.35% return.
LULG
- 1D
- 2.05%
- 1M
- -0.23%
- 6M
- -72.43%
- YTD
- -72.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
LULG vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LULG Leverage Shares 2X Long LULU Daily ETF | -72.19% | 55.59% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | -0.47% |
Correlation
The correlation between LULG and GSG is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.27 |
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Return for Risk
LULG vs. GSG — Risk / Return Rank
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
LULG vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| LULG | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.85 | — |
| Martin ratioReturn relative to average drawdown | — | 6.29 | — |
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Drawdowns
LULG vs. GSG - Drawdown Comparison
The maximum LULG drawdown since its inception was -79.88%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for LULG and GSG.
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Drawdown Indicators
| LULG | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.88% | -89.62% | +9.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -74.24% | -60.04% | -14.20% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -63.69% | +23.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.51% | — |
Volatility
LULG vs. GSG - Volatility Comparison
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Volatility by Period
| LULG | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 87.42% | 23.48% | +63.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.42% | 22.80% | +64.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.42% | 22.00% | +65.42% |
LULG vs. GSG - Expense Ratio Comparison
Both LULG and GSG have an expense ratio of 0.75%.
Dividends
LULG vs. GSG - Dividend Comparison
Neither LULG nor GSG has paid dividends to shareholders.
Frequently Asked Questions
LULG and GSG have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LULG and GSG have the same expense ratio: 0.75% per year.
LULG and GSG have nearly identical dividend yields, around 0.00%.
LULG is categorized as Leveraged Equities, while GSG is Commodities. They also come from different issuers: Leverage Shares and iShares.
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