LULG vs. MSTU
LULG (Leverage Shares 2X Long LULU Daily ETF) and MSTU (T-Rex 2X Long MSTR Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. LULG charges 0.75%/yr vs 1.05%/yr for MSTU.
Performance
LULG vs. MSTU - Performance Comparison
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Returns By Period
In the year-to-date period, LULG achieves a -72.19% return, which is significantly higher than MSTU's -78.58% return.
LULG
- 1D
- 2.05%
- 1M
- -0.23%
- 6M
- -72.43%
- YTD
- -72.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTU
- 1D
- -5.07%
- 1M
- -49.43%
- 6M
- -80.82%
- YTD
- -78.58%
- 1Y
- -98.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LULG vs. MSTU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LULG Leverage Shares 2X Long LULU Daily ETF | -72.19% | 55.59% |
MSTU T-Rex 2X Long MSTR Daily Target ETF | -78.58% | -67.02% |
Correlation
The correlation between LULG and MSTU is 0.11, 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 Nov 5, 2025 | 0.11 |
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Return for Risk
LULG vs. MSTU — Risk / Return Rank
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTU
LULG vs. MSTU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) and T-Rex 2X Long MSTR Daily Target ETF (MSTU). 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 | MSTU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.00 | — |
| Martin ratioReturn relative to average drawdown | — | -1.20 | — |
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Drawdowns
LULG vs. MSTU - Drawdown Comparison
The maximum LULG drawdown since its inception was -79.88%, smaller than the maximum MSTU drawdown of -99.43%. Use the drawdown chart below to compare losses from any high point for LULG and MSTU.
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Drawdown Indicators
| LULG | MSTU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.88% | -99.43% | +19.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -98.62% | — |
Current DrawdownCurrent decline from peak | -74.24% | -99.31% | +25.07% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -73.33% | +33.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 81.41% | — |
Volatility
LULG vs. MSTU - Volatility Comparison
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Volatility by Period
| LULG | MSTU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 53.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 120.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 87.42% | 146.68% | -59.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.42% | 169.63% | -82.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.42% | 169.63% | -82.21% |
LULG vs. MSTU - Expense Ratio Comparison
LULG has a 0.75% expense ratio, which is lower than MSTU's 1.05% expense ratio.
Dividends
LULG vs. MSTU - Dividend Comparison
Neither LULG nor MSTU has paid dividends to shareholders.
Frequently Asked Questions
LULG and MSTU have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 1.05% for MSTU.
LULG and MSTU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for LULG and 1.05% for MSTU.
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