PLU vs. LULG

Last updated Jun 6, 2026

PLU (Defiance Daily Target 2X Long PL ETF) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. PLU is passively managed, while LULG is actively managed. At a 0.01 correlation, their price movements are largely independent. PLU charges 1.31%/yr vs 0.75%/yr for LULG.

Performance

PLU vs. LULG - Performance Comparison

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

Returns By Period

PLU

• 1D: -52.17%
• 1M: -46.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LULG

• 1D: -17.50%
• 1M: -27.80%
• YTD: -74.08%
• 6M: -69.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLU vs. LULG - Yearly Performance Comparison

	2026 (YTD)
PLU Defiance Daily Target 2X Long PL ETF	9.39%
LULG Leverage Shares 2X Long LULU Daily ETF	-75.06%

Correlation

The correlation between PLU and LULG is 0.01, 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 Jan 8, 2026	0.01

Return for Risk

PLU vs. LULG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long PL ETF (PLU) and Leverage Shares 2X Long LULU Daily ETF (LULG). 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

	PLU	LULG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	-0.93	+1.04

Drawdowns

PLU vs. LULG - Drawdown Comparison

The maximum PLU drawdown since its inception was -66.28%, smaller than the maximum LULG drawdown of -75.99%. Use the drawdown chart below to compare losses from any high point for PLU and LULG.

Drawdown Indicators

	PLU	LULG	Difference
Max Drawdown Largest peak-to-trough decline	-66.28%	-75.99%	+9.71%
Current Drawdown Current decline from peak	-66.28%	-75.99%	+9.71%
Average Drawdown Average peak-to-trough decline	-19.15%	-34.00%	+14.85%

Volatility

Volatility by Period

	PLU	LULG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	215.26%	88.07%	+127.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.26%	88.07%	+127.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.26%	88.07%	+127.19%

PLU vs. LULG - Expense Ratio Comparison

PLU has a 1.31% expense ratio, which is higher than LULG's 0.75% expense ratio.

Dividends

PLU vs. LULG - Dividend Comparison

Neither PLU nor LULG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLU and LULG in my portfolio?

PLU and LULG have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLU or LULG?

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, PLU or LULG?

LULG is cheaper with a 0.75% expense ratio, compared with 1.31% for PLU.

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

PLU and LULG have nearly identical dividend yields, around 0.00%.

What is the main difference between PLU and LULG?

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