ADBG vs. GEVG

Last updated Jun 6, 2026

ADBG (Leverage Shares 2X Long ADBE Daily ETF) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a correlation of -0.36, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

ADBG vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADBG achieves a -54.70% return, which is significantly lower than GEVG's 77.48% return.

ADBG

• 1D: -5.32%
• 1M: -1.91%
• YTD: -54.70%
• 6M: -54.25%
• 1Y: -71.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -6.32%
• 1M: -32.60%
• YTD: 77.48%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADBG vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-54.70%	0.69%
GEVG Leverage Shares 2X Long GEV Daily ETF	77.48%	-11.09%

Correlation

The correlation between ADBG and GEVG is -0.36, 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 (All Time) Calculated using the full available price history since Dec 17, 2025	-0.36

Return for Risk

ADBG vs. GEVG — Risk / Return Rank

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

ADBG

ADBG Risk / Return Rank: 1
ADBG Sharpe Ratio Rank: 1
ADBG Sortino Ratio Rank: 1
ADBG Omega Ratio Rank: 0
ADBG Calmar Ratio Rank: 1
ADBG Martin Ratio Rank: 2

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.

ADBG vs. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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.

	ADBG	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	-1.07	—	—
Sortino ratio: Return per unit of downside risk	-1.98	—	—
Omega ratio: Gain probability vs. loss probability	0.77	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ADBG	GEVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.93	1.74	-2.67

Drawdowns

ADBG vs. GEVG - Drawdown Comparison

The maximum ADBG drawdown since its inception was -76.71%, which is greater than GEVG's maximum drawdown of -36.45%. Use the drawdown chart below to compare losses from any high point for ADBG and GEVG.

Drawdown Indicators

	ADBG	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-76.71%	-36.45%	-40.26%
Max Drawdown (1Y) Largest decline over 1 year	-76.23%	—	—
Current Drawdown Current decline from peak	-72.49%	-36.45%	-36.04%
Average Drawdown Average peak-to-trough decline	-41.84%	-9.68%	-32.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.52%	—	—

Volatility

Volatility by Period

	ADBG	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	67.29%	96.32%	-29.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.90%	96.32%	-29.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.90%	96.32%	-29.42%

ADBG vs. GEVG - Expense Ratio Comparison

Both ADBG and GEVG have an expense ratio of 0.75%.

Dividends

ADBG vs. GEVG - Dividend Comparison

Neither ADBG nor GEVG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ADBG and GEVG in my portfolio?

ADBG and GEVG have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADBG or GEVG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADBG or GEVG?

ADBG and GEVG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ADBG or GEVG?

ADBG and GEVG have nearly identical dividend yields, around 0.00%.