DPST vs. GEMG

Last updated Jun 24, 2026

DPST (Direxion Daily Regional Banks Bull 3X Shares) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. DPST is passively managed, while GEMG is actively managed. At a 0.21 correlation, their price movements are largely independent. DPST charges 0.99%/yr vs 0.75%/yr for GEMG.

Performance

DPST vs. GEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Regional Banks Bull 3X Shares (DPST) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DPST achieves a 31.18% return, which is significantly higher than GEMG's -89.02% return.

DPST

• 1D: 4.14%
• 1M: 16.60%
• YTD: 31.18%
• 6M: 20.48%
• 1Y: 66.43%
• 3Y*: 41.35%
• 5Y*: -20.53%
• 10Y*: -11.17%

GEMG

• 1D: -6.14%
• 1M: -33.52%
• YTD: -89.02%
• 6M: -91.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DPST vs. GEMG - Yearly Performance Comparison

	2026 (YTD)	2025
DPST Direxion Daily Regional Banks Bull 3X Shares	31.18%	25.53%
GEMG Leverage Shares 2X Long GEMI Daily ETF	-89.02%	-71.91%

Correlation

The correlation between DPST and GEMG is 0.21, 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 Nov 5, 2025	0.21

Return for Risk

DPST vs. GEMG — Risk / Return Rank

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

DPST

DPST Risk / Return Rank: 31
DPST Sharpe Ratio Rank: 28
DPST Sortino Ratio Rank: 31
DPST Omega Ratio Rank: 32
DPST Calmar Ratio Rank: 35
DPST Martin Ratio Rank: 28

GEMG

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.

DPST vs. GEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). 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.

	DPST	GEMG	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.59	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.65	—	—
Martin ratio: Return relative to average drawdown	3.66	—	—

Drawdowns

DPST vs. GEMG - Drawdown Comparison

The maximum DPST drawdown since its inception was -97.73%, roughly equal to the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for DPST and GEMG.

Drawdown Indicators

	DPST	GEMG	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-97.26%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-40.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-93.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-97.73%	—	—
Current Drawdown Current decline from peak	-91.97%	-97.10%	+5.13%
Average Drawdown Average peak-to-trough decline	-64.25%	-81.17%	+16.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.22%	—	—

Volatility

Volatility by Period

	DPST	GEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.32%	219.33%	-150.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.98%	219.33%	-130.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.46%	219.33%	-124.87%

DPST vs. GEMG - Expense Ratio Comparison

DPST has a 0.99% expense ratio, which is higher than GEMG's 0.75% expense ratio.

Dividends

DPST vs. GEMG - Dividend Comparison

DPST's dividend yield for the trailing twelve months is around 1.61%, while GEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPST Direxion Daily Regional Banks Bull 3X Shares	1.61%	2.18%	1.55%	1.78%	1.51%	0.58%	0.90%	1.29%	2.18%	0.30%
GEMG Leverage Shares 2X Long GEMI Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DPST and GEMG in my portfolio?

DPST and GEMG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DPST or GEMG?

On fees, GEMG 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, DPST or GEMG?

GEMG is cheaper with a 0.75% expense ratio, compared with 0.99% for DPST.

Which ETF pays a higher dividend yield, DPST or GEMG?

DPST has the higher dividend yield at 1.61%, compared with 0.00% for GEMG.

What is the main difference between DPST and GEMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.99% for DPST and 0.75% for GEMG.