AVGG vs. GEVG

Last updated Jun 4, 2026

AVGG (Leverage Shares 2X Long AVGO 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 0.49 correlation, their price movements are largely independent. AVGG charges 0.76%/yr vs 0.75%/yr for GEVG.

Performance

AVGG vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AVGO Daily ETF (AVGG) 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, AVGG achieves a 71.17% return, which is significantly lower than GEVG's 88.18% return.

AVGG

• 1D: -0.88%
• 1M: 29.67%
• YTD: 71.17%
• 6M: 37.06%
• 1Y: 161.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -2.09%
• 1M: -22.22%
• YTD: 88.18%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGG vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
AVGG Leverage Shares 2X Long AVGO Daily ETF	71.17%	2.56%
GEVG Leverage Shares 2X Long GEV Daily ETF	88.18%	-11.09%

Correlation

The correlation between AVGG and GEVG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.49

Return for Risk

AVGG vs. GEVG — Risk / Return Rank

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

AVGG

AVGG Risk / Return Rank: 53
AVGG Sharpe Ratio Rank: 57
AVGG Sortino Ratio Rank: 52
AVGG Omega Ratio Rank: 51
AVGG Calmar Ratio Rank: 62
AVGG Martin Ratio Rank: 43

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.

AVGG vs. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AVGO Daily ETF (AVGG) 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.

	AVGG	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.49	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	6.75	—	—
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

	AVGG	GEVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.52	2.17	+0.34

Drawdowns

AVGG vs. GEVG - Drawdown Comparison

The maximum AVGG drawdown since its inception was -53.77%, which is greater than GEVG's maximum drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for AVGG and GEVG.

Drawdown Indicators

	AVGG	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-33.81%	-19.96%
Max Drawdown (1Y) Largest decline over 1 year	-53.77%	—	—
Current Drawdown Current decline from peak	-0.88%	-32.62%	+31.74%
Average Drawdown Average peak-to-trough decline	-17.71%	-9.25%	-8.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.09%	—	—

Volatility

Volatility by Period

	AVGG	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	61.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	86.10%	96.61%	-10.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.79%	96.61%	-11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.79%	96.61%	-11.82%

AVGG vs. GEVG - Expense Ratio Comparison

AVGG has a 0.76% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

AVGG vs. GEVG - Dividend Comparison

AVGG's dividend yield for the trailing twelve months is around 1.32%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025
AVGG Leverage Shares 2X Long AVGO Daily ETF	1.32%	2.26%
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGG and GEVG in my portfolio?

AVGG and GEVG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGG 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, AVGG or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 0.76% for AVGG.

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

AVGG has the higher dividend yield at 1.32%, compared with 0.00% for GEVG.

What is the main difference between AVGG and GEVG?

Their fees differ too: 0.76% for AVGG and 0.75% for GEVG.