LULG vs. RBLU

Last updated Jul 14, 2026

LULG (Leverage Shares 2X Long LULU Daily ETF) and RBLU (T-Rex 2X Long RBLX Daily Target ETF) are both Leveraged Equities funds. LULG is actively managed, while RBLU is passively managed. At a 0.28 correlation, their price movements are largely independent. LULG charges 0.75%/yr vs 1.05%/yr for RBLU.

Performance

LULG vs. RBLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long LULU Daily ETF (LULG) and T-Rex 2X Long RBLX Daily Target ETF (RBLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LULG having a -72.19% return and RBLU slightly higher at -69.15%.

LULG

• 1D: 2.05%
• 1M: -0.23%
• 6M: -72.43%
• YTD: -72.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RBLU

• 1D: -1.10%
• 1M: 51.60%
• 6M: -65.18%
• YTD: -69.15%
• 1Y: -85.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LULG vs. RBLU - Yearly Performance Comparison

	2026 (YTD)	2025
LULG Leverage Shares 2X Long LULU Daily ETF	-72.19%	55.59%
RBLU T-Rex 2X Long RBLX Daily Target ETF	-69.15%	-42.97%

Correlation

The correlation between LULG and RBLU is 0.28, 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	0.28

Return for Risk

LULG vs. RBLU — Risk / Return Rank

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

LULG

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

RBLU

RBLU Risk / Return Rank: 3
RBLU Sharpe Ratio Rank: 4
RBLU Sortino Ratio Rank: 3
RBLU Omega Ratio Rank: 3
RBLU Calmar Ratio Rank: 1
RBLU Martin Ratio Rank: 3

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.

LULG vs. RBLU - 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 RBLX Daily Target ETF (RBLU). 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	RBLU	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.68	—
Sortino ratio: Return per unit of downside risk	—	-1.17	—
Omega ratio: Gain probability vs. loss probability	—	0.86	—
Calmar ratio: Return relative to maximum drawdown	—	-0.91	—
Martin ratio: Return relative to average drawdown	—	-1.25	—

Drawdowns

LULG vs. RBLU - Drawdown Comparison

The maximum LULG drawdown since its inception was -79.88%, smaller than the maximum RBLU drawdown of -94.76%. Use the drawdown chart below to compare losses from any high point for LULG and RBLU.

Drawdown Indicators

	LULG	RBLU	Difference
Max Drawdown Largest peak-to-trough decline	-79.88%	-94.76%	+14.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-94.76%	—
Current Drawdown Current decline from peak	-74.24%	-91.38%	+17.14%
Average Drawdown Average peak-to-trough decline	-39.70%	-46.55%	+6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	68.50%	—

Volatility

Volatility by Period

	LULG	RBLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	44.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	87.42%	127.30%	-39.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.42%	119.97%	-32.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.42%	119.97%	-32.55%

LULG vs. RBLU - Expense Ratio Comparison

LULG has a 0.75% expense ratio, which is lower than RBLU's 1.05% expense ratio.

Dividends

LULG vs. RBLU - Dividend Comparison

LULG has not paid dividends to shareholders, while RBLU's dividend yield for the trailing twelve months is around 4.20%.

Position	TTM	2025
LULG Leverage Shares 2X Long LULU Daily ETF	0.00%	0.00%
RBLU T-Rex 2X Long RBLX Daily Target ETF	4.20%	1.29%

Frequently Asked Questions

Can I hold both LULG and RBLU in my portfolio?

LULG and RBLU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LULG or RBLU?

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.

Which ETF is cheaper, LULG or RBLU?

LULG is cheaper with a 0.75% expense ratio, compared with 1.05% for RBLU.

Which ETF pays a higher dividend yield, LULG or RBLU?

RBLU has the higher dividend yield at 4.20%, compared with 0.00% for LULG.

What is the main difference between LULG and RBLU?

They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for LULG and 1.05% for RBLU.