XYZG vs. SPUU

Last updated Jun 24, 2026

XYZG (Leverage Shares 2X Long XYZ Daily ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds. XYZG is actively managed, while SPUU is passively managed. Over the past year, XYZG returned -10.69% vs 39.63% for SPUU. A 0.58 correlation means they provide meaningful diversification when combined. XYZG charges 0.75%/yr vs 0.60%/yr for SPUU.

Performance

XYZG vs. SPUU - Performance Comparison

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

Returns By Period

In the year-to-date period, XYZG achieves a 1.41% return, which is significantly lower than SPUU's 13.21% return.

XYZG

• 1D: -1.50%
• 1M: 9.59%
• YTD: 1.41%
• 6M: 1.44%
• 1Y: -10.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUU

• 1D: -0.25%
• 1M: -3.30%
• YTD: 13.21%
• 6M: 10.18%
• 1Y: 39.63%
• 3Y*: 34.28%
• 5Y*: 18.24%
• 10Y*: 24.79%

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

XYZG vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025
XYZG Leverage Shares 2X Long XYZ Daily ETF	1.41%	21.76%
SPUU Direxion Daily S&P 500 Bull 2X ETF	13.21%	53.37%

Correlation

The correlation between XYZG and SPUU is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.58

The correlation between XYZG and SPUU has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.

Return for Risk

XYZG vs. SPUU — Risk / Return Rank

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

XYZG

XYZG Risk / Return Rank: 9
XYZG Sharpe Ratio Rank: 8
XYZG Sortino Ratio Rank: 12
XYZG Omega Ratio Rank: 12
XYZG Calmar Ratio Rank: 8
XYZG Martin Ratio Rank: 8

SPUU

SPUU Risk / Return Rank: 50
SPUU Sharpe Ratio Rank: 51
SPUU Sortino Ratio Rank: 46
SPUU Omega Ratio Rank: 48
SPUU Calmar Ratio Rank: 49
SPUU Martin Ratio Rank: 58

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.

XYZG vs. SPUU - Risk-Adjusted Trends Comparison

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

	XYZG	SPUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	1.59	-1.70
Sortino ratio: Return per unit of downside risk	0.50	2.11	-1.61
Omega ratio: Gain probability vs. loss probability	1.06	1.28	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.15	2.19	-2.34
Martin ratio: Return relative to average drawdown	-0.28	9.27	-9.55

XYZG vs. SPUU - Sharpe Ratio Comparison

The current XYZG Sharpe Ratio is -0.11, which is lower than the SPUU Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of XYZG and SPUU, 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

XYZG vs. SPUU - Drawdown Comparison

The maximum XYZG drawdown since its inception was -69.40%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for XYZG and SPUU.

Drawdown Indicators

	XYZG	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-69.40%	-59.35%	-10.05%
Max Drawdown (1Y) Largest decline over 1 year	-69.40%	-18.19%	-51.21%
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	-42.38%	-6.72%	-35.66%
Average Drawdown Average peak-to-trough decline	-29.59%	-9.48%	-20.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.88%	4.29%	+34.59%

Volatility

XYZG vs. SPUU - Volatility Comparison

Leverage Shares 2X Long XYZ Daily ETF (XYZG) has a higher volatility of 27.55% compared to Direxion Daily S&P 500 Bull 2X ETF (SPUU) at 9.63%. This indicates that XYZG's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYZG	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.55%	9.63%	+17.92%
Volatility (6M) Calculated over the trailing 6-month period	71.58%	19.85%	+51.73%
Volatility (1Y) Calculated over the trailing 1-year period	93.70%	25.15%	+68.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.09%	33.67%	+69.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.09%	35.80%	+67.29%

XYZG vs. SPUU - Expense Ratio Comparison

XYZG has a 0.75% expense ratio, which is higher than SPUU's 0.60% expense ratio.

Dividends

XYZG vs. SPUU - Dividend Comparison

XYZG's dividend yield for the trailing twelve months is around 6.60%, more than SPUU's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPUU Direxion Daily S&P 500 Bull 2X ETF	1.39%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%
XYZG Leverage Shares 2X Long XYZ Daily ETF	6.60%	6.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XYZG and SPUU in my portfolio?

XYZG and SPUU have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XYZG or SPUU?

XYZG has higher volatility (27.55%) compared to SPUU (9.63%). In terms of maximum drawdown, XYZG dropped -69.40% vs SPUU's -59.35%.

Which ETF is better, XYZG or SPUU?

On 1-year performance, SPUU leads with 39.63% vs -10.69% for XYZG. On fees, SPUU is cheaper at 0.60% per year. On volatility, SPUU has been the lower-risk option at 9.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XYZG or SPUU?

Over the 1-year period, SPUU has performed better with a 39.63% return vs -10.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XYZG or SPUU?

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

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

XYZG has the higher dividend yield at 6.60%, compared with 1.39% for SPUU.

What is the main difference between XYZG and SPUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for XYZG and 0.60% for SPUU.

Which has better risk-adjusted returns?

SPUU currently has the higher Sharpe Ratio (1.59 vs -0.11), 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.