XOMX vs. ARMG

Last updated Jul 21, 2026

XOMX (Direxion Daily XOM Bull 2X Shares) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, XOMX returned 72.36% vs 57.10% for ARMG. At a correlation of -0.14, they often move in opposite directions. XOMX charges 1.07%/yr vs 0.75%/yr for ARMG.

Performance

XOMX vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily XOM Bull 2X Shares (XOMX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOMX achieves a 41.72% return, which is significantly lower than ARMG's 282.63% return.

XOMX

• 1D: 1.24%
• 1M: 14.89%
• 6M: 22.78%
• YTD: 41.72%
• 1Y: 72.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 50.49%

ARMG

• 1D: 1.92%
• 1M: -65.10%
• 6M: 313.85%
• YTD: 282.63%
• 1Y: 57.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.66%

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

XOMX vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
XOMX Direxion Daily XOM Bull 2X Shares	41.72%	17.15%
ARMG Leverage Shares 2X Long ARM Daily ETF	282.63%	-7.71%

Correlation

The correlation between XOMX and ARMG is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.14

Return for Risk

XOMX vs. ARMG — Risk / Return Rank

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

XOMX

XOMX Risk / Return Rank: 51
XOMX Sharpe Ratio Rank: 59
XOMX Sortino Ratio Rank: 53
XOMX Omega Ratio Rank: 54
XOMX Calmar Ratio Rank: 48
XOMX Martin Ratio Rank: 39

ARMG

ARMG Risk / Return Rank: 28
ARMG Sharpe Ratio Rank: 18
ARMG Sortino Ratio Rank: 42
ARMG Omega Ratio Rank: 40
ARMG Calmar Ratio Rank: 24
ARMG Martin Ratio Rank: 19

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.

XOMX vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily XOM Bull 2X Shares (XOMX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	XOMX	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	1.46	0.39	+1.07
Sortino ratio: Return per unit of downside risk	1.94	1.67	+0.28
Omega ratio: Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio: Return relative to maximum drawdown	1.83	0.84	+0.99
Martin ratio: Return relative to average drawdown	4.53	1.40	+3.13

XOMX vs. ARMG - Sharpe Ratio Comparison

The current XOMX Sharpe Ratio is 1.46, which is higher than the ARMG Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of XOMX and ARMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XOMX vs. ARMG - Drawdown Comparison

The maximum XOMX drawdown since its inception was -39.64%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for XOMX and ARMG.

Drawdown Indicators

	XOMX	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-80.28%	+40.64%
Max Drawdown (1Y) Largest decline over 1 year	-39.64%	-68.13%	+28.49%
Current Drawdown Current decline from peak	-28.59%	-65.10%	+36.51%
Average Drawdown Average peak-to-trough decline	-10.46%	-51.75%	+41.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.02%	40.83%	-24.81%

Volatility

XOMX vs. ARMG - Volatility Comparison

The current volatility for Direxion Daily XOM Bull 2X Shares (XOMX) is 14.81%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 46.52%. This indicates that XOMX experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOMX	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	46.52%	-31.71%
Volatility (6M) Calculated over the trailing 6-month period	41.93%	123.87%	-81.94%
Volatility (1Y) Calculated over the trailing 1-year period	49.78%	145.66%	-95.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.59%	144.13%	-95.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.59%	144.13%	-95.54%

XOMX vs. ARMG - Expense Ratio Comparison

XOMX has a 1.07% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

XOMX vs. ARMG - Dividend Comparison

XOMX's dividend yield for the trailing twelve months is around 1.86%, more than ARMG's 1.27% yield.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	1.27%	4.86%
XOMX Direxion Daily XOM Bull 2X Shares	1.86%	1.73%

Frequently Asked Questions

Can I hold both XOMX and ARMG in my portfolio?

XOMX and ARMG have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOMX or ARMG?

ARMG has higher volatility (46.52%) compared to XOMX (14.81%). In terms of maximum drawdown, XOMX dropped -39.64% vs ARMG's -80.28%.

Which ETF is better, XOMX or ARMG?

On 1-year performance, XOMX leads with 72.36% vs 57.10% for ARMG. On fees, ARMG is cheaper at 0.75% per year. On volatility, XOMX has been the lower-risk option at 14.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOMX or ARMG?

Over the 1-year period, XOMX has performed better with a 72.36% return vs 57.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOMX or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.07% for XOMX.

Which ETF pays a higher dividend yield, XOMX or ARMG?

XOMX has the higher dividend yield at 1.86%, compared with 1.27% for ARMG.

What is the main difference between XOMX and ARMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for XOMX and 0.75% for ARMG.

Which has better risk-adjusted returns?

XOMX currently has the higher Sharpe Ratio (1.46 vs 0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.