SOFA vs. ABNG

Last updated Jun 13, 2026

SOFA (Direxion Daily SOFI Bull 2X ETF) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. SOFA is passively managed, while ABNG is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. SOFA charges 0.97%/yr vs 0.75%/yr for ABNG.

Performance

SOFA vs. ABNG - Performance Comparison

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

Returns By Period

SOFA

• 1D: -1.38%
• 1M: 12.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ABNG

• 1D: 1.93%
• 1M: -2.71%
• YTD: -14.56%
• 6M: -5.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOFA vs. ABNG - Yearly Performance Comparison

	2026 (YTD)
SOFA Direxion Daily SOFI Bull 2X ETF	-45.16%
ABNG Leverage Shares 2x Long ABNB Daily ETF	11.54%

Correlation

The correlation between SOFA and ABNG is 0.53, 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 Feb 11, 2026	0.53

Return for Risk

SOFA vs. ABNG - Risk-Adjusted Trends Comparison

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

SOFA vs. ABNG - Drawdown Comparison

The maximum SOFA drawdown since its inception was -51.90%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for SOFA and ABNG.

Drawdown Indicators

	SOFA	ABNG	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-33.03%	-18.87%
Current Drawdown Current decline from peak	-45.16%	-19.46%	-25.70%
Average Drawdown Average peak-to-trough decline	-34.00%	-12.41%	-21.59%

Volatility

Volatility by Period

	SOFA	ABNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	108.03%	62.40%	+45.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.03%	62.40%	+45.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.03%	62.40%	+45.63%

SOFA vs. ABNG - Expense Ratio Comparison

SOFA has a 0.97% expense ratio, which is higher than ABNG's 0.75% expense ratio.

Dividends

SOFA vs. ABNG - Dividend Comparison

SOFA's dividend yield for the trailing twelve months is around 0.40%, while ABNG has not paid dividends to shareholders.

Position	TTM
ABNG Leverage Shares 2x Long ABNB Daily ETF	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.40%

Frequently Asked Questions

Can I hold both SOFA and ABNG in my portfolio?

SOFA and ABNG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOFA or ABNG?

On fees, ABNG 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, SOFA or ABNG?

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

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

SOFA has the higher dividend yield at 0.40%, compared with 0.00% for ABNG.

What is the main difference between SOFA and ABNG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for SOFA and 0.75% for ABNG.