RETL vs. BLSG

Last updated Jun 24, 2026

RETL (Direxion Daily Retail Bull 3X Shares) and BLSG (Leverage Shares 2X Long BLSH Daily ETF) are both Leveraged Equities funds. RETL is passively managed, while BLSG is actively managed. At a 0.39 correlation, their price movements are largely independent. RETL charges 0.99%/yr vs 0.75%/yr for BLSG.

Performance

RETL vs. BLSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Retail Bull 3X Shares (RETL) 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, RETL achieves a -7.34% return, which is significantly higher than BLSG's -69.25% return.

RETL

• 1D: 0.59%
• 1M: 10.51%
• YTD: -7.34%
• 6M: -11.19%
• 1Y: 11.63%
• 3Y*: 10.84%
• 5Y*: -28.61%
• 10Y*: -4.29%

BLSG

• 1D: -0.37%
• 1M: -53.27%
• YTD: -69.25%
• 6M: -75.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RETL vs. BLSG - Yearly Performance Comparison

	2026 (YTD)	2025
RETL Direxion Daily Retail Bull 3X Shares	-7.34%	-2.23%
BLSG Leverage Shares 2X Long BLSH Daily ETF	-69.25%	-58.81%

Correlation

The correlation between RETL and BLSG is 0.39, 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 27, 2025	0.39

Return for Risk

RETL vs. BLSG — Risk / Return Rank

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

RETL

RETL Risk / Return Rank: 13
RETL Sharpe Ratio Rank: 11
RETL Sortino Ratio Rank: 15
RETL Omega Ratio Rank: 14
RETL Calmar Ratio Rank: 12
RETL Martin Ratio Rank: 12

BLSG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RETL vs. BLSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) 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.

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.

	RETL	BLSG	Difference
Sharpe ratio: Return per unit of total volatility	0.19	—	—
Sortino ratio: Return per unit of downside risk	0.73	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.31	—	—
Martin ratio: Return relative to average drawdown	0.62	—	—

Drawdowns

RETL vs. BLSG - Drawdown Comparison

The maximum RETL drawdown since its inception was -92.00%, roughly equal to the maximum BLSG drawdown of -88.78%. Use the drawdown chart below to compare losses from any high point for RETL and BLSG.

Drawdown Indicators

	RETL	BLSG	Difference
Max Drawdown Largest peak-to-trough decline	-92.00%	-88.78%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-38.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-62.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.00%	—	—
Current Drawdown Current decline from peak	-84.09%	-87.70%	+3.61%
Average Drawdown Average peak-to-trough decline	-37.69%	-61.80%	+24.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.86%	—	—

Volatility

Volatility by Period

	RETL	BLSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.75%	146.04%	-85.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.55%	146.04%	-66.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.91%	146.04%	-66.13%

RETL vs. BLSG - Expense Ratio Comparison

RETL has a 0.99% expense ratio, which is higher than BLSG's 0.75% expense ratio.

Dividends

RETL vs. BLSG - Dividend Comparison

RETL's dividend yield for the trailing twelve months is around 0.55%, while BLSG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BLSG Leverage Shares 2X Long BLSH Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RETL Direxion Daily Retail Bull 3X Shares	0.55%	0.58%	1.13%	1.35%	0.71%	0.22%	0.19%	0.92%	1.19%	0.01%	2.60%

Frequently Asked Questions

Can I hold both RETL and BLSG in my portfolio?

RETL and BLSG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RETL 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, RETL or BLSG?

BLSG is cheaper with a 0.75% expense ratio, compared with 0.99% for RETL.

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

RETL has the higher dividend yield at 0.55%, compared with 0.00% for BLSG.

What is the main difference between RETL and BLSG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.99% for RETL and 0.75% for BLSG.