SNAG vs. SOFA

Last updated Jun 23, 2026

SNAG (Leverage Shares 2X Long SNAP Daily ETF) and SOFA (Direxion Daily SOFI Bull 2X ETF) are both Leveraged Equities funds - SNAG tracks the Snap Inc. (SNAP) while SOFA tracks the SoFi Technologies, Inc. (SOFI). Both are passively managed. At a 0.38 correlation, their price movements are largely independent. SNAG charges 0.75%/yr vs 0.97%/yr for SOFA.

Performance

SNAG vs. SOFA - Performance Comparison

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

Returns By Period

SNAG

• 1D: -1.76%
• 1M: -37.19%
• YTD: -74.25%
• 6M: -73.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOFA

• 1D: -9.02%
• 1M: 15.09%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAG vs. SOFA - Yearly Performance Comparison

	2026 (YTD)
SNAG Leverage Shares 2X Long SNAP Daily ETF	-34.62%
SOFA Direxion Daily SOFI Bull 2X ETF	-42.06%

Correlation

The correlation between SNAG and SOFA is 0.38, 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 11, 2026	0.38

Return for Risk

SNAG vs. SOFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SNAP Daily ETF (SNAG) 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.

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.

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

Drawdowns

SNAG vs. SOFA - Drawdown Comparison

The maximum SNAG drawdown since its inception was -81.94%, which is greater than SOFA's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for SNAG and SOFA.

Drawdown Indicators

	SNAG	SOFA	Difference
Max Drawdown Largest peak-to-trough decline	-81.94%	-51.90%	-30.04%
Current Drawdown Current decline from peak	-78.17%	-42.06%	-36.11%
Average Drawdown Average peak-to-trough decline	-55.54%	-34.30%	-21.24%

Volatility

Volatility by Period

	SNAG	SOFA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	123.04%	107.94%	+15.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.04%	107.94%	+15.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.04%	107.94%	+15.10%

SNAG vs. SOFA - Expense Ratio Comparison

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

Dividends

SNAG vs. SOFA - Dividend Comparison

SNAG has not paid dividends to shareholders, while SOFA's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM
SNAG Leverage Shares 2X Long SNAP Daily ETF	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.38%

Frequently Asked Questions

Can I hold both SNAG and SOFA in my portfolio?

SNAG and SOFA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNAG or SOFA?

On fees, SNAG 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, SNAG or SOFA?

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

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

SOFA has the higher dividend yield at 0.38%, compared with 0.00% for SNAG.

What is the main difference between SNAG and SOFA?

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