ELIL vs. GEMG

Last updated Jun 24, 2026

ELIL (Direxion Daily LLY Bull 2X Shares) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. ELIL charges 0.97%/yr vs 0.75%/yr for GEMG.

Performance

ELIL vs. GEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bull 2X Shares (ELIL) 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, ELIL achieves a -4.97% return, which is significantly higher than GEMG's -89.02% return.

ELIL

• 1D: 0.52%
• 1M: 6.34%
• YTD: -4.97%
• 6M: -4.26%
• 1Y: 64.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

ELIL vs. GEMG - Yearly Performance Comparison

	2026 (YTD)	2025
ELIL Direxion Daily LLY Bull 2X Shares	-4.97%	37.45%
GEMG Leverage Shares 2X Long GEMI Daily ETF	-89.02%	-71.91%

Correlation

The correlation between ELIL and GEMG is 0.14, 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	0.14

Return for Risk

ELIL vs. GEMG — Risk / Return Rank

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

ELIL

ELIL Risk / Return Rank: 29
ELIL Sharpe Ratio Rank: 25
ELIL Sortino Ratio Rank: 31
ELIL Omega Ratio Rank: 33
ELIL Calmar Ratio Rank: 30
ELIL Martin Ratio Rank: 25

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.

ELIL vs. GEMG - Risk-Adjusted Trends Comparison

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

	ELIL	GEMG	Difference
Sharpe ratio: Return per unit of total volatility	0.86	—	—
Sortino ratio: Return per unit of downside risk	1.56	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.39	—	—
Martin ratio: Return relative to average drawdown	3.12	—	—

Drawdowns

ELIL vs. GEMG - Drawdown Comparison

The maximum ELIL drawdown since its inception was -56.03%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for ELIL and GEMG.

Drawdown Indicators

	ELIL	GEMG	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-97.26%	+41.23%
Max Drawdown (1Y) Largest decline over 1 year	-46.28%	—	—
Current Drawdown Current decline from peak	-12.11%	-97.10%	+84.99%
Average Drawdown Average peak-to-trough decline	-23.60%	-81.17%	+57.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.63%	—	—

Volatility

Volatility by Period

	ELIL	GEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.11%	219.33%	-144.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.98%	219.33%	-137.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.98%	219.33%	-137.35%

ELIL vs. GEMG - Expense Ratio Comparison

ELIL has a 0.97% expense ratio, which is higher than GEMG's 0.75% expense ratio.

Dividends

ELIL vs. GEMG - Dividend Comparison

ELIL's dividend yield for the trailing twelve months is around 11.72%, while GEMG has not paid dividends to shareholders.

Position	TTM	2025
ELIL Direxion Daily LLY Bull 2X Shares	11.72%	10.92%
GEMG Leverage Shares 2X Long GEMI Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ELIL and GEMG in my portfolio?

ELIL and GEMG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELIL 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, ELIL or GEMG?

GEMG is cheaper with a 0.75% expense ratio, compared with 0.97% for ELIL.

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

ELIL has the higher dividend yield at 11.72%, compared with 0.00% for GEMG.

What is the main difference between ELIL and GEMG?

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