SOFA vs. ARMG

Last updated Jul 17, 2026

SOFA (Direxion Daily SOFI Bull 2X ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. SOFA is passively managed, while ARMG is actively managed. At a 0.35 correlation, their price movements are largely independent. SOFA charges 0.97%/yr vs 0.75%/yr for ARMG.

Performance

SOFA vs. ARMG - 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 ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SOFA

• 1D: -5.84%
• 1M: -6.31%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -11.02%
• 1M: -59.69%
• 6M: 294.25%
• YTD: 261.05%
• 1Y: 53.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOFA vs. ARMG - Yearly Performance Comparison

	2026 (YTD)
SOFA Direxion Daily SOFI Bull 2X ETF	-41.32%
ARMG Leverage Shares 2X Long ARM Daily ETF	184.65%

Correlation

The correlation between SOFA and ARMG is 0.35, 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	0.35

Return for Risk

SOFA vs. ARMG — Risk / Return Rank

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

SOFA

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

ARMG

ARMG Risk / Return Rank: 26
ARMG Sharpe Ratio Rank: 16
ARMG Sortino Ratio Rank: 37
ARMG Omega Ratio Rank: 36
ARMG Calmar Ratio Rank: 21
ARMG Martin Ratio Rank: 17

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.

SOFA vs. ARMG - 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 ARM Daily ETF (ARMG). 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.

	SOFA	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.37	—
Sortino ratio: Return per unit of downside risk	—	1.64	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	0.80	—
Martin ratio: Return relative to average drawdown	—	1.34	—

Drawdowns

SOFA vs. ARMG - Drawdown Comparison

The maximum SOFA drawdown since its inception was -51.90%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for SOFA and ARMG.

Drawdown Indicators

	SOFA	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-80.28%	+28.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.13%	—
Current Drawdown Current decline from peak	-41.32%	-67.07%	+25.75%
Average Drawdown Average peak-to-trough decline	-34.60%	-51.68%	+17.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	40.41%	—

Volatility

Volatility by Period

	SOFA	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	124.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	104.31%	145.63%	-41.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.31%	144.48%	-40.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.31%	144.48%	-40.17%

SOFA vs. ARMG - Expense Ratio Comparison

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

Dividends

SOFA vs. ARMG - Dividend Comparison

SOFA's dividend yield for the trailing twelve months is around 0.74%, less than ARMG's 1.35% yield.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	1.35%	4.86%
SOFA Direxion Daily SOFI Bull 2X ETF	0.74%	0.00%

Frequently Asked Questions

Can I hold both SOFA and ARMG in my portfolio?

SOFA and ARMG have a correlation of 0.35, 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 ARMG?

On fees, ARMG 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 ARMG?

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

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

ARMG has the higher dividend yield at 1.35%, compared with 0.74% for SOFA.

What is the main difference between SOFA and ARMG?

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