QCML vs. BLSG

Last updated Jun 4, 2026

QCML (GraniteShares 2x Long QCOM Daily ETF) and BLSG (Leverage Shares 2X Long BLSH Daily ETF) are both Leveraged Equities funds. QCML is passively managed, while BLSG is actively managed. At a 0.30 correlation, their price movements are largely independent. QCML charges 1.50%/yr vs 0.75%/yr for BLSG.

Performance

QCML vs. BLSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long QCOM Daily ETF (QCML) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCML achieves a 79.80% return, which is significantly higher than BLSG's -58.79% return.

QCML

• 1D: 7.29%
• 1M: 100.00%
• YTD: 79.80%
• 6M: 72.23%
• 1Y: 120.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLSG

• 1D: -15.77%
• 1M: -55.27%
• YTD: -58.79%
• 6M: -73.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCML vs. BLSG - Yearly Performance Comparison

	2026 (YTD)	2025
QCML GraniteShares 2x Long QCOM Daily ETF	79.80%	-18.62%
BLSG Leverage Shares 2X Long BLSH Daily ETF	-58.79%	-60.00%

Correlation

The correlation between QCML and BLSG is 0.30, 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 Oct 28, 2025	0.30

Return for Risk

QCML vs. BLSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QCML

QCML Risk / Return Rank: 41
QCML Sharpe Ratio Rank: 37
QCML Sortino Ratio Rank: 44
QCML Omega Ratio Rank: 50
QCML Calmar Ratio Rank: 42
QCML Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QCML vs. BLSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long QCOM Daily ETF (QCML) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). 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.

	QCML	BLSG	Difference
Sharpe ratio: Return per unit of total volatility	1.30	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.06	—	—
Martin ratio: Return relative to average drawdown	4.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QCML	BLSG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	-0.66	+1.04

Drawdowns

QCML vs. BLSG - Drawdown Comparison

The maximum QCML drawdown since its inception was -59.13%, smaller than the maximum BLSG drawdown of -83.67%. Use the drawdown chart below to compare losses from any high point for QCML and BLSG.

Drawdown Indicators

	QCML	BLSG	Difference
Max Drawdown Largest peak-to-trough decline	-59.13%	-83.67%	+24.54%
Max Drawdown (1Y) Largest decline over 1 year	-58.72%	—	—
Current Drawdown Current decline from peak	-2.47%	-83.52%	+81.05%
Average Drawdown Average peak-to-trough decline	-29.03%	-60.12%	+31.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.93%	—	—

Volatility

Volatility by Period

	QCML	BLSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	57.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	78.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	93.04%	145.44%	-52.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.49%	145.44%	-49.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.49%	145.44%	-49.95%

QCML vs. BLSG - Expense Ratio Comparison

QCML has a 1.50% expense ratio, which is higher than BLSG's 0.75% expense ratio.

Dividends

QCML vs. BLSG - Dividend Comparison

Neither QCML nor BLSG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QCML and BLSG in my portfolio?

QCML and BLSG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QCML or BLSG?

On fees, BLSG 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, QCML or BLSG?

BLSG is cheaper with a 0.75% expense ratio, compared with 1.50% for QCML.

Which ETF pays a higher dividend yield, QCML or BLSG?

QCML and BLSG have nearly identical dividend yields, around 0.00%.

What is the main difference between QCML and BLSG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for QCML and 0.75% for BLSG.