SPOG vs. BULG
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and BULG (Leverage Shares 2X Long BULL Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. SPOG charges 0.75%/yr vs 0.87%/yr for BULG.
Performance
SPOG vs. BULG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPOG having a -49.59% return and BULG slightly higher at -47.42%.
SPOG
- 1D
- -1.65%
- 1M
- -24.63%
- YTD
- -49.59%
- 6M
- -49.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BULG
- 1D
- -6.68%
- 1M
- 7.70%
- YTD
- -47.42%
- 6M
- -55.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG vs. BULG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -49.59% | -18.73% |
BULG Leverage Shares 2X Long BULL Daily ETF | -47.42% | -24.00% |
Correlation
The correlation between SPOG and BULG is 0.12, 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 17, 2025 | 0.12 |
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Return for Risk
SPOG vs. BULG - 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 BULL Daily ETF (BULG). 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.
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Drawdowns
SPOG vs. BULG - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, smaller than the maximum BULG drawdown of -94.19%. Use the drawdown chart below to compare losses from any high point for SPOG and BULG.
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Drawdown Indicators
| SPOG | BULG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -94.19% | +29.78% |
Current DrawdownCurrent decline from peak | -59.44% | -90.03% | +30.59% |
Average DrawdownAverage peak-to-trough decline | -41.38% | -70.72% | +29.34% |
Volatility
SPOG vs. BULG - Volatility Comparison
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Volatility by Period
| SPOG | BULG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 100.37% | 119.20% | -18.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.37% | 119.20% | -18.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.37% | 119.20% | -18.83% |
SPOG vs. BULG - Expense Ratio Comparison
SPOG has a 0.75% expense ratio, which is lower than BULG's 0.87% expense ratio.
Dividends
SPOG vs. BULG - Dividend Comparison
Neither SPOG nor BULG has paid dividends to shareholders.
Frequently Asked Questions
SPOG and BULG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.87% for BULG.
SPOG and BULG have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.75% for SPOG and 0.87% for BULG.
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