SPOG vs. METU
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and METU (Direxion Daily META Bull 2X ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. SPOG charges 0.75%/yr vs 1.07%/yr for METU.
Performance
SPOG vs. METU - Performance Comparison
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Returns By Period
In the year-to-date period, SPOG achieves a -38.29% return, which is significantly lower than METU's -26.35% return.
SPOG
- 1D
- -3.30%
- 1M
- 23.93%
- YTD
- -38.29%
- 6M
- -37.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METU
- 1D
- -0.97%
- 1M
- -4.98%
- YTD
- -26.35%
- 6M
- -24.26%
- 1Y
- -36.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG vs. METU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -38.29% | -19.53% |
METU Direxion Daily META Bull 2X ETF | -26.35% | 18.00% |
Correlation
The correlation between SPOG and METU 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 18, 2025 | 0.12 |
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Return for Risk
SPOG vs. METU — Risk / Return Rank
SPOG
METU
SPOG vs. METU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Direxion Daily META Bull 2X ETF (METU). 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.
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Sharpe Ratios by Period
| SPOG | METU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | -0.06 | -0.65 |
Drawdowns
SPOG vs. METU - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, roughly equal to the maximum METU drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for SPOG and METU.
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Drawdown Indicators
| SPOG | METU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -61.85% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.52% | — |
Current DrawdownCurrent decline from peak | -50.34% | -52.92% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -40.33% | -23.49% | -16.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.09% | — |
Volatility
SPOG vs. METU - Volatility Comparison
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Volatility by Period
| SPOG | METU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 52.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 104.01% | 70.29% | +33.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.01% | 72.19% | +31.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.01% | 72.19% | +31.82% |
SPOG vs. METU - Expense Ratio Comparison
SPOG has a 0.75% expense ratio, which is lower than METU's 1.07% expense ratio.
Dividends
SPOG vs. METU - Dividend Comparison
SPOG has not paid dividends to shareholders, while METU's dividend yield for the trailing twelve months is around 4.19%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
METU Direxion Daily META Bull 2X ETF | 4.19% | 3.00% | 1.40% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOG and METU 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 1.07% for METU.
METU has the higher dividend yield at 4.19%, compared with 0.00% for SPOG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for SPOG and 1.07% for METU.
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