LULG vs. XXXX
LULG (Leverage Shares 2X Long LULU Daily ETF) and XXXX (MAX S&P 500 4X Leveraged ETN) are both Leveraged Equities funds. LULG is actively managed, while XXXX is passively managed. At a 0.45 correlation, their price movements are largely independent. LULG charges 0.75%/yr vs 2.95%/yr for XXXX.
Performance
LULG vs. XXXX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LULG achieves a -78.27% return, which is significantly lower than XXXX's 20.71% return.
LULG
- 1D
- -11.57%
- 1M
- -33.75%
- YTD
- -78.27%
- 6M
- -79.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XXXX
- 1D
- -1.40%
- 1M
- -3.10%
- YTD
- 20.71%
- 6M
- 17.73%
- 1Y
- 77.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LULG vs. XXXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LULG Leverage Shares 2X Long LULU Daily ETF | -78.27% | 55.59% |
XXXX MAX S&P 500 4X Leveraged ETN | 20.71% | -0.74% |
Correlation
The correlation between LULG and XXXX is 0.45, 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 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LULG vs. XXXX — Risk / Return Rank
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XXXX
LULG vs. XXXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) and MAX S&P 500 4X Leveraged ETN (XXXX). 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 | XXXX | 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 | — | 2.10 | — |
| Martin ratioReturn relative to average drawdown | — | 7.82 | — |
Loading charts...
Drawdowns
LULG vs. XXXX - Drawdown Comparison
The maximum LULG drawdown since its inception was -79.88%, which is greater than XXXX's maximum drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for LULG and XXXX.
Loading charts...
Drawdown Indicators
| LULG | XXXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.88% | -62.27% | -17.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -37.25% | — |
Current DrawdownCurrent decline from peak | -79.88% | -9.34% | -70.54% |
Average DrawdownAverage peak-to-trough decline | -36.43% | -11.55% | -24.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.97% | — |
Volatility
LULG vs. XXXX - Volatility Comparison
Loading charts...
Volatility by Period
| LULG | XXXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.07% | 49.23% | +38.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.07% | 61.12% | +26.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.07% | 61.12% | +26.95% |
LULG vs. XXXX - Expense Ratio Comparison
LULG has a 0.75% expense ratio, which is lower than XXXX's 2.95% expense ratio.
Dividends
LULG vs. XXXX - Dividend Comparison
Neither LULG nor XXXX has paid dividends to shareholders.
Frequently Asked Questions
LULG and XXXX have a correlation of 0.45, 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 2.95% for XXXX.
LULG and XXXX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Max. Their fees differ too: 0.75% for LULG and 2.95% for XXXX.
Find the right allocation for LULG and XXXX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer