MPL vs. BOEG
MPL (Defiance Daily Target 2X Long MP ETF) and BOEG (Leverage Shares 2X Long BA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. MPL charges 1.31%/yr vs 0.75%/yr for BOEG.
Performance
MPL vs. BOEG - Performance Comparison
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Returns By Period
MPL
- 1D
- -7.21%
- 1M
- -36.07%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOEG
- 1D
- -0.61%
- 1M
- -8.34%
- YTD
- -10.31%
- 6M
- -9.82%
- 1Y
- -7.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPL vs. BOEG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MPL Defiance Daily Target 2X Long MP ETF | -36.50% |
BOEG Leverage Shares 2X Long BA Daily ETF | -3.78% |
Correlation
The correlation between MPL and BOEG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | -0.07 |
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Return for Risk
MPL vs. BOEG — Risk / Return Rank
MPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BOEG
MPL vs. BOEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MP ETF (MPL) and Leverage Shares 2X Long BA Daily ETF (BOEG). 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.
| MPL | BOEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.03 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.17 | — |
| Martin ratioReturn relative to average drawdown | — | -0.33 | — |
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Drawdowns
MPL vs. BOEG - Drawdown Comparison
The maximum MPL drawdown since its inception was -47.44%, roughly equal to the maximum BOEG drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for MPL and BOEG.
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Drawdown Indicators
| MPL | BOEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -46.47% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -47.44% | -32.66% | -14.78% |
Average DrawdownAverage peak-to-trough decline | -27.24% | -19.71% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.73% | — |
Volatility
MPL vs. BOEG - Volatility Comparison
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Volatility by Period
| MPL | BOEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 140.24% | 64.36% | +75.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.24% | 63.79% | +76.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.24% | 63.79% | +76.45% |
MPL vs. BOEG - Expense Ratio Comparison
MPL has a 1.31% expense ratio, which is higher than BOEG's 0.75% expense ratio.
Dividends
MPL vs. BOEG - Dividend Comparison
Neither MPL nor BOEG has paid dividends to shareholders.
Frequently Asked Questions
MPL and BOEG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BOEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BOEG is cheaper with a 0.75% expense ratio, compared with 1.31% for MPL.
MPL and BOEG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for MPL and 0.75% for BOEG.
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