AMUU vs. GEVG

Last updated Jul 17, 2026

AMUU (Direxion Daily AMD Bull 2X Shares) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. AMUU charges 0.97%/yr vs 0.75%/yr for GEVG.

Performance

AMUU vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bull 2X Shares (AMUU) 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, AMUU achieves a 285.26% return, which is significantly higher than GEVG's 106.82% return.

AMUU

• 1D: -11.31%
• 1M: -7.52%
• 6M: 245.12%
• YTD: 285.26%
• 1Y: 458.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -4.06%
• 1M: 5.90%
• 6M: 117.21%
• YTD: 106.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMUU vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
AMUU Direxion Daily AMD Bull 2X Shares	285.26%	5.17%
GEVG Leverage Shares 2X Long GEV Daily ETF	106.82%	-11.27%

Correlation

The correlation between AMUU and GEVG is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.60

Return for Risk

AMUU vs. GEVG — Risk / Return Rank

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

AMUU

AMUU Risk / Return Rank: 92
AMUU Sharpe Ratio Rank: 96
AMUU Sortino Ratio Rank: 89
AMUU Omega Ratio Rank: 86
AMUU Calmar Ratio Rank: 97
AMUU Martin Ratio Rank: 90

GEVG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AMUU vs. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bull 2X Shares (AMUU) 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.

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.

	AMUU	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	3.37	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	8.21	—	—
Martin ratio: Return relative to average drawdown	15.82	—	—

Drawdowns

AMUU vs. GEVG - Drawdown Comparison

The maximum AMUU drawdown since its inception was -56.47%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for AMUU and GEVG.

Drawdown Indicators

	AMUU	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-45.50%	-10.97%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	—	—
Current Drawdown Current decline from peak	-27.76%	-25.95%	-1.81%
Average Drawdown Average peak-to-trough decline	-22.09%	-12.01%	-10.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.16%	—	—

Volatility

Volatility by Period

	AMUU	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	106.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	137.43%	102.65%	+34.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.98%	102.65%	+31.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.98%	102.65%	+31.33%

AMUU vs. GEVG - Expense Ratio Comparison

AMUU has a 0.97% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

AMUU vs. GEVG - Dividend Comparison

AMUU's dividend yield for the trailing twelve months is around 3.90%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025
AMUU Direxion Daily AMD Bull 2X Shares	3.90%	13.58%
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMUU and GEVG in my portfolio?

AMUU and GEVG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMUU or GEVG?

On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMUU or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 0.97% for AMUU.

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

AMUU has the higher dividend yield at 3.90%, compared with 0.00% for GEVG.

What is the main difference between AMUU and GEVG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for AMUU and 0.75% for GEVG.