LUNL vs. FUTG

Last updated Jun 4, 2026

LUNL (Defiance Daily Target 2X Long LUNR ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. LUNL is passively managed, while FUTG is actively managed. At a 0.29 correlation, their price movements are largely independent. LUNL charges 1.31%/yr vs 0.75%/yr for FUTG.

Performance

LUNL vs. FUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LUNR ETF (LUNL) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LUNL

• 1D: -29.16%
• 1M: 44.32%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LUNL vs. FUTG - Yearly Performance Comparison

	2026 (YTD)
LUNL Defiance Daily Target 2X Long LUNR ETF	70.39%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-80.21%

Correlation

The correlation between LUNL and FUTG is 0.29, 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	0.29

Return for Risk

LUNL vs. FUTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LUNR ETF (LUNL) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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

	LUNL	FUTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	-0.66	+1.82

Drawdowns

LUNL vs. FUTG - Drawdown Comparison

The maximum LUNL drawdown since its inception was -64.22%, smaller than the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for LUNL and FUTG.

Drawdown Indicators

	LUNL	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-64.22%	-86.19%	+21.97%
Current Drawdown Current decline from peak	-48.02%	-84.29%	+36.27%
Average Drawdown Average peak-to-trough decline	-32.14%	-40.35%	+8.21%

Volatility

Volatility by Period

	LUNL	FUTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	258.78%	136.01%	+122.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	258.78%	136.01%	+122.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	258.78%	136.01%	+122.77%

LUNL vs. FUTG - Expense Ratio Comparison

LUNL has a 1.31% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

LUNL vs. FUTG - Dividend Comparison

Neither LUNL nor FUTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LUNL and FUTG in my portfolio?

LUNL and FUTG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LUNL or FUTG?

On fees, FUTG 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, LUNL or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 1.31% for LUNL.

Which ETF pays a higher dividend yield, LUNL or FUTG?

LUNL and FUTG have nearly identical dividend yields, around 0.00%.

What is the main difference between LUNL and FUTG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for LUNL and 0.75% for FUTG.