Leverage Shares 2X Long BULL Daily ETF (BULG) Performance
BULG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −70.8% since Dec 31, 2025
- 1 year
- −87.0% total return
- Since first price
- −93.6% since 2025
BULG trailing returns vs SPY, QQQ, AGG
| Period | BULG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −50.6% | −50.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −58.6% | −58.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −54.2% | −54.2% | +7.8% | +8.4% | −1.5% |
| YTD | −70.8% | −70.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −87.0% | −87.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 11, 2025 | −93.6% | −93.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BULG vs SPY
From Aug 11, 2025: BULG grew to $638, SPY to $12,113.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BULG returns by calendar year
2026 is year to date.
BULG annual returns table
| Year | BULG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −70.8% | −76.3% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BULG largest drawdowns
Now 94.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 15, 2025 | −94.4% | Oct 23, 2026 | not yet | 1.2 years | 1.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BULG risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −84.4% |
| Volatility (annualized) | 152.3% |
| Sharpe ratio | -0.54 |
| Sortino ratio | -0.84 |
| Best month | +90.8% |
| Worst month | −49.4% |
| Best 12 months | −73.6% |
| Worst 12 months | −88.3% |
| Positive months | 31% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BULG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 3 | −88.3% | −86.2% | −73.6% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
BULG performance overview
Leverage Shares 2X Long BULL Daily ETF (BULG) returned −87.0% over the past year, with distributions reinvested. Since its first recorded price on Aug 11, 2025 it has returned −93.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −94.4%, from Aug 15, 2025 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 152.3% a year.
Related: BULG chart. See the BULG overview for the latest quote and fund facts.
BULG performance FAQ
What is the BULG return over the past year?
BULG returned −87.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 87.0%.
How much would $10,000 invested in BULG be worth?
$10,000 invested in BULG at its first recorded close on August 11, 2025 would be worth about $638 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of BULG?
The largest peak-to-trough decline was −94.4% between August 15, 2025 and October 23, 2026. It has not yet recovered to that high; it is 94.4% below its peak.
How volatile is BULG?
Over the past history BULG had an annualized volatility of 152.3% and a Sharpe ratio of -0.54 (excess return over 1–3 month T-bills per unit of risk).