SPUU vs. PLUL

Last updated Aug 5, 2026

SPUU (Direxion Daily S&P 500 Bull 2X ETF) and PLUL (Leverage Shares 2X Long PLUG Daily ETF) are both Leveraged Equities funds - SPUU tracks the S&P 500 Index (200% Daily) while PLUL tracks the Plug Power Inc. (PLUG). Both are passively managed. Their 0.41 correlation means their historical movements had little consistent relationship. SPUU charges 0.60%/yr vs 0.75%/yr for PLUL.

Performance

SPUU vs. PLUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bull 2X ETF (SPUU) and Leverage Shares 2X Long PLUG Daily ETF (PLUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPUU

• 1D: 3.48%
• 1M: 6.81%
• 6M: 22.20%
• YTD: 24.37%
• 1Y: 42.90%
• 3Y*: 36.19%
• 5Y*: 18.90%
• 10Y*: 24.28%
• ALL TIME*: 21.98%

PLUL

• 1D: 7.36%
• 1M: -36.40%
• 6M: -33.31%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PLUL Leverage Shares 2X Long PLUG Daily ETF	$205.26K	$288.38K	$1.33M
SPUU Direxion Daily S&P 500 Bull 2X ETF	$5.02M	$5.05M	$4.57M

SPUU vs. PLUL - Yearly Performance Comparison

	2026 (YTD)
SPUU Direxion Daily S&P 500 Bull 2X ETF	19.69%
PLUL Leverage Shares 2X Long PLUG Daily ETF	-45.49%

Correlation

The correlation between SPUU and PLUL is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.41

Return for Risk

SPUU vs. PLUL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPUU

SPUU Risk / Return Rank: 62
SPUU Sharpe Ratio Rank: 63
SPUU Sortino Ratio Rank: 58
SPUU Omega Ratio Rank: 58
SPUU Calmar Ratio Rank: 60
SPUU Martin Ratio Rank: 69

PLUL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPUU vs. PLUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 2X ETF (SPUU) and Leverage Shares 2X Long PLUG Daily ETF (PLUL). 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.

	SPUU	PLUL	Difference
Sharpe ratio: Return per unit of total volatility	1.67	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.37	—	—
Martin ratio: Return relative to average drawdown	9.56	—	—

Drawdowns

SPUU vs. PLUL - Drawdown Comparison

The maximum SPUU drawdown since its inception was -59.35%, smaller than the maximum PLUL drawdown of -81.17%. Use the drawdown chart below to compare losses from any high point for SPUU and PLUL.

Drawdown Indicators

	SPUU	PLUL	Difference
Max Drawdown Largest peak-to-trough decline	-59.35%	-81.17%	+21.82%
Max Drawdown (1Y) Largest decline over 1 year	-18.19%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-35.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.35%	—	—
Current Drawdown Current decline from peak	0.00%	-75.91%	+75.91%
Average Drawdown Average peak-to-trough decline	-9.43%	-36.22%	+26.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	—	—

Volatility

Volatility by Period

	SPUU	PLUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	174.72%	-148.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.76%	174.72%	-140.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.82%	174.72%	-138.90%

SPUU vs. PLUL - Expense Ratio Comparison

SPUU has a 0.60% expense ratio, which is lower than PLUL's 0.75% expense ratio.

Dividends

SPUU vs. PLUL - Dividend Comparison

SPUU's dividend yield for the trailing twelve months is around 1.26%, while PLUL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLUL Leverage Shares 2X Long PLUG Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPUU Direxion Daily S&P 500 Bull 2X ETF	1.26%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Frequently Asked Questions

Can I hold both SPUU and PLUL in my portfolio?

SPUU and PLUL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPUU or PLUL?

On fees, SPUU is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPUU or PLUL?

SPUU is cheaper with a 0.60% expense ratio, compared with 0.75% for PLUL.

Which ETF pays a higher dividend yield, SPUU or PLUL?

SPUU has the higher dividend yield at 1.26%, compared with 0.00% for PLUL.

What is the main difference between SPUU and PLUL?

SPUU tracks S&P 500 Index (200% Daily), while PLUL tracks Plug Power Inc. (PLUG). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.60% for SPUU and 0.75% for PLUL.