ADBG vs. GEVX

Last updated Jul 18, 2026

ADBG (Leverage Shares 2X Long ADBE Daily ETF) and GEVX (Tradr 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, ADBG returned -67.76% vs 146.34% for GEVX. At a correlation of -0.27, they often move in opposite directions. ADBG charges 0.75%/yr vs 1.30%/yr for GEVX.

Performance

ADBG vs. GEVX - Performance Comparison

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

Returns By Period

In the year-to-date period, ADBG achieves a -61.45% return, which is significantly lower than GEVX's 121.78% return.

ADBG

• 1D: 1.55%
• 1M: 42.50%
• 6M: -45.43%
• YTD: -61.45%
• 1Y: -67.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVX

• 1D: 4.90%
• 1M: -1.67%
• 6M: 105.84%
• YTD: 121.78%
• 1Y: 146.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADBG vs. GEVX - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-61.45%	-19.65%
GEVX Tradr 2X Long GEV Daily ETF	121.78%	23.96%

Correlation

The correlation between ADBG and GEVX is -0.28, 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	-0.28
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.27

Return for Risk

ADBG vs. GEVX — Risk / Return Rank

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

ADBG

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

GEVX

GEVX Risk / Return Rank: 64
GEVX Sharpe Ratio Rank: 54
GEVX Sortino Ratio Rank: 64
GEVX Omega Ratio Rank: 58
GEVX Calmar Ratio Rank: 82
GEVX Martin Ratio Rank: 60

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. GEVX - Risk-Adjusted Trends Comparison

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

	ADBG	GEVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	1.41	-2.36
Sortino ratio: Return per unit of downside risk	-1.58	2.26	-3.85
Omega ratio: Gain probability vs. loss probability	0.81	1.27	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.86	3.27	-4.13
Martin ratio: Return relative to average drawdown	-1.46	7.85	-9.31

ADBG vs. GEVX - Sharpe Ratio Comparison

The current ADBG Sharpe Ratio is -0.95, which is lower than the GEVX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of ADBG and GEVX, 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

ADBG vs. GEVX - Drawdown Comparison

The maximum ADBG drawdown since its inception was -84.14%, which is greater than GEVX's maximum drawdown of -45.03%. Use the drawdown chart below to compare losses from any high point for ADBG and GEVX.

Drawdown Indicators

	ADBG	GEVX	Difference
Max Drawdown Largest peak-to-trough decline	-84.14%	-45.03%	-39.11%
Max Drawdown (1Y) Largest decline over 1 year	-78.97%	-45.03%	-33.94%
Current Drawdown Current decline from peak	-76.59%	-21.87%	-54.72%
Average Drawdown Average peak-to-trough decline	-44.95%	-15.21%	-29.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.53%	18.72%	+27.81%

Volatility

ADBG vs. GEVX - Volatility Comparison

The current volatility for Leverage Shares 2X Long ADBE Daily ETF (ADBG) is 23.89%, while Tradr 2X Long GEV Daily ETF (GEVX) has a volatility of 39.67%. This indicates that ADBG experiences smaller price fluctuations and is considered to be less risky than GEVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADBG	GEVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.89%	39.67%	-15.78%
Volatility (6M) Calculated over the trailing 6-month period	61.39%	71.92%	-10.53%
Volatility (1Y) Calculated over the trailing 1-year period	71.85%	104.25%	-32.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.65%	103.56%	-33.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.65%	103.56%	-33.91%

ADBG vs. GEVX - Expense Ratio Comparison

ADBG has a 0.75% expense ratio, which is lower than GEVX's 1.30% expense ratio.

Dividends

ADBG vs. GEVX - Dividend Comparison

Neither ADBG nor GEVX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ADBG and GEVX in my portfolio?

ADBG and GEVX have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADBG or GEVX?

GEVX has higher volatility (39.67%) compared to ADBG (23.89%). In terms of maximum drawdown, ADBG dropped -84.14% vs GEVX's -45.03%.

Which ETF is better, ADBG or GEVX?

On 1-year performance, GEVX leads with 146.34% vs -67.76% for ADBG. On fees, ADBG is cheaper at 0.75% per year. On volatility, ADBG has been the lower-risk option at 23.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADBG or GEVX?

Over the 1-year period, GEVX has performed better with a 146.34% return vs -67.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADBG or GEVX?

ADBG is cheaper with a 0.75% expense ratio, compared with 1.30% for GEVX.

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

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

What is the main difference between ADBG and GEVX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for ADBG and 1.30% for GEVX.

Which has better risk-adjusted returns?

GEVX currently has the higher Sharpe Ratio (1.41 vs -0.95), 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.