SPOG vs. BOEG

Last updated Jun 4, 2026

SPOG (Leverage Shares 2X Long SPOT Daily ETF) and BOEG (Leverage Shares 2X Long BA Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

SPOG vs. BOEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Leverage Shares 2X Long BA Daily ETF (BOEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPOG achieves a -41.52% return, which is significantly lower than BOEG's -14.18% return.

SPOG

• 1D: -5.23%
• 1M: 19.81%
• YTD: -41.52%
• 6M: -37.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOEG

• 1D: -6.30%
• 1M: -11.15%
• YTD: -14.18%
• 6M: -2.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPOG vs. BOEG - Yearly Performance Comparison

	2026 (YTD)	2025
SPOG Leverage Shares 2X Long SPOT Daily ETF	-41.52%	-19.53%
BOEG Leverage Shares 2X Long BA Daily ETF	-14.18%	24.29%

Correlation

The correlation between SPOG and BOEG is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.04

Return for Risk

SPOG vs. BOEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Leverage Shares 2X Long BA Daily ETF (BOEG). 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

	SPOG	BOEG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.73	-0.14	-0.59

Drawdowns

SPOG vs. BOEG - Drawdown Comparison

The maximum SPOG drawdown since its inception was -64.41%, which is greater than BOEG's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for SPOG and BOEG.

Drawdown Indicators

	SPOG	BOEG	Difference
Max Drawdown Largest peak-to-trough decline	-64.41%	-46.47%	-17.94%
Current Drawdown Current decline from peak	-52.94%	-35.57%	-17.37%
Average Drawdown Average peak-to-trough decline	-40.43%	-19.06%	-21.37%

Volatility

Volatility by Period

	SPOG	BOEG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	103.84%	63.38%	+40.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.84%	63.38%	+40.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.84%	63.38%	+40.46%

SPOG vs. BOEG - Expense Ratio Comparison

Both SPOG and BOEG have an expense ratio of 0.75%.

Dividends

SPOG vs. BOEG - Dividend Comparison

Neither SPOG nor BOEG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPOG and BOEG in my portfolio?

SPOG and BOEG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPOG or BOEG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPOG or BOEG?

SPOG and BOEG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, SPOG or BOEG?

SPOG and BOEG have nearly identical dividend yields, around 0.00%.