SOUX vs. LULG

Last updated Jun 25, 2026

SOUX (Defiance Daily Target 2X Long SOUN ETF) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. At a 0.28 correlation, their price movements are largely independent. SOUX charges 1.29%/yr vs 0.75%/yr for LULG.

Performance

SOUX vs. LULG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long SOUN ETF (SOUX) and Leverage Shares 2X Long LULU Daily ETF (LULG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SOUX having a -74.34% return and LULG slightly lower at -75.09%.

SOUX

• 1D: -4.42%
• 1M: -44.51%
• YTD: -74.34%
• 6M: -79.06%
• 1Y: -84.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LULG

• 1D: 7.44%
• 1M: -24.05%
• YTD: -75.09%
• 6M: -75.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOUX vs. LULG - Yearly Performance Comparison

	2026 (YTD)	2025
SOUX Defiance Daily Target 2X Long SOUN ETF	-74.34%	-62.49%
LULG Leverage Shares 2X Long LULU Daily ETF	-75.09%	55.59%

Correlation

The correlation between SOUX and LULG is 0.28, 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 Nov 5, 2025	0.28

Return for Risk

SOUX vs. LULG — Risk / Return Rank

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

SOUX

SOUX Risk / Return Rank: 4
SOUX Sharpe Ratio Rank: 5
SOUX Sortino Ratio Rank: 5
SOUX Omega Ratio Rank: 5
SOUX Calmar Ratio Rank: 1
SOUX Martin Ratio Rank: 4

LULG

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

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.

SOUX vs. LULG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) and Leverage Shares 2X Long LULU Daily ETF (LULG). 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.

	SOUX	LULG	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	—	—
Sortino ratio: Return per unit of downside risk	-0.61	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.89	—	—
Martin ratio: Return relative to average drawdown	-1.21	—	—

Drawdowns

SOUX vs. LULG - Drawdown Comparison

The maximum SOUX drawdown since its inception was -95.47%, which is greater than LULG's maximum drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for SOUX and LULG.

Drawdown Indicators

	SOUX	LULG	Difference
Max Drawdown Largest peak-to-trough decline	-95.47%	-79.88%	-15.59%
Max Drawdown (1Y) Largest decline over 1 year	-95.47%	—	—
Current Drawdown Current decline from peak	-95.47%	-76.93%	-18.54%
Average Drawdown Average peak-to-trough decline	-61.24%	-36.96%	-24.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.89%	—	—

Volatility

Volatility by Period

	SOUX	LULG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	104.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	161.61%	88.55%	+73.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	161.61%	88.55%	+73.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	161.61%	88.55%	+73.06%

SOUX vs. LULG - Expense Ratio Comparison

SOUX has a 1.29% expense ratio, which is higher than LULG's 0.75% expense ratio.

Dividends

SOUX vs. LULG - Dividend Comparison

SOUX's dividend yield for the trailing twelve months is around 79.09%, while LULG has not paid dividends to shareholders.

Position	TTM	2025
LULG Leverage Shares 2X Long LULU Daily ETF	0.00%	0.00%
SOUX Defiance Daily Target 2X Long SOUN ETF	79.09%	20.29%

Frequently Asked Questions

Can I hold both SOUX and LULG in my portfolio?

SOUX and LULG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOUX or LULG?

On fees, LULG 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, SOUX or LULG?

LULG is cheaper with a 0.75% expense ratio, compared with 1.29% for SOUX.

Which ETF pays a higher dividend yield, SOUX or LULG?

SOUX has the higher dividend yield at 79.09%, compared with 0.00% for LULG.

What is the main difference between SOUX and LULG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for SOUX and 0.75% for LULG.