LUNL vs. UUUG

Last updated Jun 4, 2026

LUNL (Defiance Daily Target 2X Long LUNR ETF) and UUUG (Leverage Shares 2X Long UUUU Daily ETF) are both Leveraged Equities funds - LUNL tracks the Intuitive Machines, Inc. (LUNR) while UUUG tracks the Energy Fuels Inc. (UUUU). Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. LUNL charges 1.31%/yr vs 0.75%/yr for UUUG.

Performance

LUNL vs. UUUG - 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 UUUU Daily ETF (UUUG). 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*: —

UUUG

• 1D: -15.32%
• 1M: -35.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LUNL vs. UUUG - Yearly Performance Comparison

	2026 (YTD)
LUNL Defiance Daily Target 2X Long LUNR ETF	70.39%
UUUG Leverage Shares 2X Long UUUU Daily ETF	-42.89%

Correlation

The correlation between LUNL and UUUG is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.56

Return for Risk

LUNL vs. UUUG - 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 UUUU Daily ETF (UUUG). 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	UUUG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	-0.40	+1.57

Drawdowns

LUNL vs. UUUG - Drawdown Comparison

The maximum LUNL drawdown since its inception was -64.22%, smaller than the maximum UUUG drawdown of -75.51%. Use the drawdown chart below to compare losses from any high point for LUNL and UUUG.

Drawdown Indicators

	LUNL	UUUG	Difference
Max Drawdown Largest peak-to-trough decline	-64.22%	-75.51%	+11.29%
Current Drawdown Current decline from peak	-48.02%	-70.56%	+22.54%
Average Drawdown Average peak-to-trough decline	-32.14%	-51.33%	+19.19%

Volatility

Volatility by Period

	LUNL	UUUG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	258.78%	191.02%	+67.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	258.78%	191.02%	+67.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	258.78%	191.02%	+67.76%

LUNL vs. UUUG - Expense Ratio Comparison

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

Dividends

LUNL vs. UUUG - Dividend Comparison

Neither LUNL nor UUUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LUNL and UUUG in my portfolio?

LUNL and UUUG have a correlation of 0.56, 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 UUUG?

On fees, UUUG 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 UUUG?

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

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

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

What is the main difference between LUNL and UUUG?

LUNL tracks Intuitive Machines, Inc. (LUNR), while UUUG tracks Energy Fuels Inc. (UUUU). They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for LUNL and 0.75% for UUUG.