SOFA vs. USGG

Last updated Jun 5, 2026

SOFA (Direxion Daily SOFI Bull 2X ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds - SOFA tracks the SoFi Technologies, Inc. (SOFI) while USGG tracks the USA Rare Earth, Inc. (USAR). Both are passively managed. At a 0.46 correlation, their price movements are largely independent. SOFA charges 0.97%/yr vs 0.75%/yr for USGG.

Performance

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

Returns By Period

SOFA

• 1D: 5.24%
• 1M: 10.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USGG

• 1D: -6.46%
• 1M: -12.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOFA vs. USGG - Yearly Performance Comparison

	2026 (YTD)
SOFA Direxion Daily SOFI Bull 2X ETF	-39.84%
USGG Leverage Shares 2X Long USAR Daily ETF	6.03%

Correlation

The correlation between SOFA and USGG is 0.46, 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 12, 2026	0.46

Return for Risk

SOFA vs. USGG - 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 USAR Daily ETF (USGG). 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

	SOFA	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	0.90	-1.65

Drawdowns

SOFA vs. USGG - Drawdown Comparison

The maximum SOFA drawdown since its inception was -51.39%, smaller than the maximum USGG drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for SOFA and USGG.

Drawdown Indicators

	SOFA	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-51.39%	-77.74%	+26.35%
Current Drawdown Current decline from peak	-39.84%	-36.76%	-3.08%
Average Drawdown Average peak-to-trough decline	-32.77%	-45.97%	+13.20%

Volatility

Volatility by Period

	SOFA	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	107.88%	224.53%	-116.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.88%	224.53%	-116.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.88%	224.53%	-116.65%

SOFA vs. USGG - Expense Ratio Comparison

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

Dividends

SOFA vs. USGG - Dividend Comparison

SOFA's dividend yield for the trailing twelve months is around 0.37%, while USGG has not paid dividends to shareholders.

Position	TTM
SOFA Direxion Daily SOFI Bull 2X ETF	0.37%
USGG Leverage Shares 2X Long USAR Daily ETF	0.00%

Frequently Asked Questions

Can I hold both SOFA and USGG in my portfolio?

SOFA and USGG have a correlation of 0.46, 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 USGG?

On fees, USGG 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 USGG?

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

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

SOFA has the higher dividend yield at 0.37%, compared with 0.00% for USGG.

What is the main difference between SOFA and USGG?

SOFA tracks SoFi Technologies, Inc. (SOFI), while USGG tracks USA Rare Earth, Inc. (USAR). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for SOFA and 0.75% for USGG.