PLUL vs. SOFA

Last updated Jun 5, 2026

PLUL (Leverage Shares 2X Long PLUG Daily ETF) and SOFA (Direxion Daily SOFI Bull 2X ETF) are both Leveraged Equities funds - PLUL tracks the Plug Power Inc. (PLUG) while SOFA tracks the SoFi Technologies, Inc. (SOFI). Both are passively managed. At a 0.19 correlation, their price movements are largely independent. PLUL charges 0.75%/yr vs 0.97%/yr for SOFA.

Performance

PLUL vs. SOFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PLUG Daily ETF (PLUL) and Direxion Daily SOFI Bull 2X ETF (SOFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLUL

• 1D: -4.80%
• 1M: 7.96%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOFA

• 1D: 5.24%
• 1M: 10.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLUL vs. SOFA - Yearly Performance Comparison

	2026 (YTD)
PLUL Leverage Shares 2X Long PLUG Daily ETF	149.50%
SOFA Direxion Daily SOFI Bull 2X ETF	-39.84%

Correlation

The correlation between PLUL and SOFA is 0.19, 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 Feb 12, 2026	0.19

Return for Risk

PLUL vs. SOFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLUG Daily ETF (PLUL) and Direxion Daily SOFI Bull 2X ETF (SOFA). 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

	PLUL	SOFA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	-0.75	+2.23

Drawdowns

PLUL vs. SOFA - Drawdown Comparison

The maximum PLUL drawdown since its inception was -55.44%, which is greater than SOFA's maximum drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for PLUL and SOFA.

Drawdown Indicators

	PLUL	SOFA	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-51.39%	-4.05%
Current Drawdown Current decline from peak	-25.44%	-39.84%	+14.40%
Average Drawdown Average peak-to-trough decline	-23.91%	-32.77%	+8.86%

Volatility

Volatility by Period

	PLUL	SOFA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	190.32%	107.88%	+82.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.32%	107.88%	+82.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.32%	107.88%	+82.44%

PLUL vs. SOFA - Expense Ratio Comparison

PLUL has a 0.75% expense ratio, which is lower than SOFA's 0.97% expense ratio.

Dividends

PLUL vs. SOFA - Dividend Comparison

PLUL has not paid dividends to shareholders, while SOFA's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM
PLUL Leverage Shares 2X Long PLUG Daily ETF	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.37%

Frequently Asked Questions

Can I hold both PLUL and SOFA in my portfolio?

PLUL and SOFA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLUL or SOFA?

On fees, PLUL 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, PLUL or SOFA?

PLUL is cheaper with a 0.75% expense ratio, compared with 0.97% for SOFA.

Which ETF pays a higher dividend yield, PLUL or SOFA?

SOFA has the higher dividend yield at 0.37%, compared with 0.00% for PLUL.

What is the main difference between PLUL and SOFA?

PLUL tracks Plug Power Inc. (PLUG), while SOFA tracks SoFi Technologies, Inc. (SOFI). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for PLUL and 0.97% for SOFA.