SNAG vs. SPUU

Last updated Jun 5, 2026

SNAG (Leverage Shares 2X Long SNAP Daily ETF) and SPUU (Direxion Daily S&P 500 Bull 2x Shares) are both Leveraged Equities funds - SNAG tracks the Snap Inc. (SNAP) while SPUU tracks the S&P 500 Index (200%). Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. SNAG charges 0.75%/yr vs 0.64%/yr for SPUU.

Performance

SNAG vs. SPUU - 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 S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAG achieves a -54.52% return, which is significantly lower than SPUU's 20.66% return.

SNAG

• 1D: 10.73%
• 1M: -4.21%
• YTD: -54.52%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUU

• 1D: 0.70%
• 1M: 9.03%
• YTD: 20.66%
• 6M: 19.95%
• 1Y: 54.50%
• 3Y*: 38.69%
• 5Y*: 20.36%
• 10Y*: 24.74%

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

SNAG vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025
SNAG Leverage Shares 2X Long SNAP Daily ETF	-54.52%	11.30%
SPUU Direxion Daily S&P 500 Bull 2x Shares	20.66%	1.79%

Correlation

The correlation between SNAG and SPUU is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.51

Return for Risk

SNAG vs. SPUU — Risk / Return Rank

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

SPUU

SPUU Risk / Return Rank: 67
SPUU Sharpe Ratio Rank: 72
SPUU Sortino Ratio Rank: 63
SPUU Omega Ratio Rank: 64
SPUU Calmar Ratio Rank: 62
SPUU Martin Ratio Rank: 72

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.

SNAG vs. SPUU - 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 S&P 500 Bull 2x Shares (SPUU). 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

	SNAG	SPUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	0.64	-1.29

Drawdowns

SNAG vs. SPUU - Drawdown Comparison

The maximum SNAG drawdown since its inception was -81.94%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for SNAG and SPUU.

Drawdown Indicators

	SNAG	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-81.94%	-59.35%	-22.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	-61.45%	-0.58%	-60.87%
Average Drawdown Average peak-to-trough decline	-54.49%	-9.50%	-44.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.12%	—

Volatility

Volatility by Period

	SNAG	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	119.01%	23.88%	+95.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.01%	33.46%	+85.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.01%	35.76%	+83.25%

SNAG vs. SPUU - Expense Ratio Comparison

SNAG has a 0.75% expense ratio, which is higher than SPUU's 0.64% expense ratio.

Dividends

SNAG vs. SPUU - Dividend Comparison

SNAG has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SNAG Leverage Shares 2X Long SNAP Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPUU Direxion Daily S&P 500 Bull 2x Shares	1.33%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Frequently Asked Questions

Can I hold both SNAG and SPUU in my portfolio?

SNAG and SPUU have a correlation of 0.51, 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 SPUU?

On fees, SPUU is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNAG or SPUU?

SPUU is cheaper with a 0.64% expense ratio, compared with 0.75% for SNAG.

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

SPUU has the higher dividend yield at 1.33%, compared with 0.00% for SNAG.

What is the main difference between SNAG and SPUU?

SNAG tracks Snap Inc. (SNAP), while SPUU tracks S&P 500 Index (200%). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for SNAG and 0.64% for SPUU.