LULG vs SPAQ
Comparison between Leverage Shares 2X Long LULU Daily ETF (LULG, ETF) and HORIZON KINETICS SPAC ACTIVE ETF (SPAQ, ETF).
LULG vs SPAQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
LULG vs SPAQ - Holdings Comparison
LULG and SPAQ have 0 common holdings. Overlap is 0.00%
LULG's top 25 holdings weight is 11.48%. SPAQ's top 25 holdings weight is 95.34%.
| Rank | LULG | SPAQ |
|---|---|---|
| #1 | FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 11.48% | n/a (OACC) - 5.27% |
| #2 | N/A | n/a (MTAL) - 4.78% |
| #3 | N/A | n/a (NHIVU) - 4.53% |
| #4 | N/A | US BANK MMDA USBGFS 7 (n/a) - 4.22% |
| #5 | N/A | n/a (IPFX) - 4.21% |
| #6 | N/A | n/a (SAAQ) - 4.19% |
| #7 | N/A | n/a (WENN) - 4.17% |
| #8 | N/A | n/a (EVOX) - 4.14% |
| #9 | N/A | n/a (CEPV) - 4.07% |
| #10 | N/A | OTG ACQUISITION CORP I CLASS A (OTGA) - 4.03% |
| #11 | N/A | M EVO GLOBAL ACQUISITION CORP II (n/a) - 4.01% |
| #12 | N/A | n/a (WLII) - 4.01% |
| #13 | N/A | n/a (KCA-U) - 3.98% |
| #14 | N/A | n/a (ALOV) - 3.97% |
| #15 | N/A | n/a (RREVU) - 3.96% |
| #16 | N/A | n/a (DSAC) - 3.95% |
| #17 | N/A | SPARTACUS ACQUISITION CORP II CLASS A (TMTS) - 3.95% |
| #18 | N/A | n/a (HCIC) - 3.92% |
| #19 | N/A | n/a (CRAN) - 3.61% |
| #20 | N/A | n/a (ALDF) - 3.16% |
| #21 | N/A | n/a (OYSE) - 3.05% |
| #22 | N/A | n/a (AIIA) - 3.01% |
| #23 | N/A | BTC DEVELOPMENT CORP CLASS A (BDCI) - 2.50% |
| #24 | N/A | JACKSON ACQUISITION CO II CLASS A (JACS) - 2.45% |
| #25 | N/A | n/a (TACH) - 2.20% |
| Total Holdings | 1 | 60 |
LULG vs SPAQ - Historical Returns
Returns include dividend reinvestment.
LULG vs SPAQ - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | LULG | SPAQ |
|---|---|---|
| 2026 | -72.92% | +3.56% |
| 2025 | +47.31% | +7.39% |
| 2024 | N/A | +4.68% |
| 2023 | N/A | +5.52% |
LULG vs SPAQ Drawdown Comparison
The maximum drawdown for LULG was -75.99%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPAQ was -5.30%, occurring on Sep 17, 2025. Recovery took 76 trading sessions.
The current LULG drawdown is -74.18%. The current SPAQ drawdown is -0.14%.
| Rank | LULG | SPAQ |
|---|---|---|
| #1 | -75.99% Jan 6, 2026 - Jun 5, 2026 | -5.30% Jun 20, 2025 - Oct 8, 2025 |
| #2 | -8.60% Dec 5, 2025 - Dec 12, 2025 | -4.05% Dec 13, 2023 - Mar 18, 2024 |
| #3 | -8.20% Nov 12, 2025 - Nov 25, 2025 | -3.95% Oct 15, 2025 - May 26, 2026 |
| #4 | -7.21% Dec 18, 2025 - Jan 6, 2026 | -3.55% Aug 22, 2024 - Oct 18, 2024 |
| #5 | -4.84% Nov 5, 2025 - Nov 10, 2025 | -0.96% Feb 12, 2025 - Feb 19, 2025 |
| #6 | -2.76% Nov 28, 2025 - Dec 5, 2025 | -0.84% Nov 5, 2024 - Dec 6, 2024 |
| #7 | -0.95% Nov 10, 2025 - Nov 12, 2025 | -0.79% Jul 27, 2023 - Aug 10, 2023 |
| #8 | -0.04% Dec 15, 2025 - Dec 17, 2025 | -0.75% May 27, 2025 - May 29, 2025 |
| #9 | N/A | -0.71% Mar 7, 2025 - Mar 18, 2025 |
| #10 | N/A | -0.71% Jun 9, 2025 - Jun 16, 2025 |
| #11 | N/A | -0.68% Mar 21, 2025 - Apr 25, 2025 |
| #12 | N/A | -0.60% Oct 28, 2024 - Nov 5, 2024 |
| #13 | N/A | -0.52% Mar 21, 2023 - Apr 12, 2023 |
| #14 | N/A | -0.50% Nov 29, 2023 - Dec 6, 2023 |
| #15 | N/A | -0.50% May 29, 2025 - Jun 6, 2025 |
Correlation
Correlation between LULG and SPAQ is -0.77 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
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