ELIL vs. GEVG

Last updated Jul 17, 2026

ELIL (Direxion Daily LLY Bull 2X Shares) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. ELIL charges 0.97%/yr vs 0.75%/yr for GEVG.

Performance

ELIL vs. GEVG - 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 GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELIL achieves a 5.18% return, which is significantly lower than GEVG's 106.82% return.

ELIL

• 1D: 2.89%
• 1M: 7.51%
• 6M: 14.58%
• YTD: 5.18%
• 1Y: 74.36%
• 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)

ELIL vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
ELIL Direxion Daily LLY Bull 2X Shares	5.18%	1.87%
GEVG Leverage Shares 2X Long GEV Daily ETF	106.82%	-11.27%

Correlation

The correlation between ELIL and GEVG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.07

Return for Risk

ELIL vs. GEVG — Risk / Return Rank

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

ELIL

ELIL Risk / Return Rank: 37
ELIL Sharpe Ratio Rank: 33
ELIL Sortino Ratio Rank: 39
ELIL Omega Ratio Rank: 42
ELIL Calmar Ratio Rank: 38
ELIL Martin Ratio Rank: 31

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.

ELIL vs. GEVG - 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 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.

	ELIL	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	3.61	—	—

Drawdowns

ELIL vs. GEVG - Drawdown Comparison

The maximum ELIL drawdown since its inception was -56.03%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for ELIL and GEVG.

Drawdown Indicators

	ELIL	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-45.50%	-10.53%
Max Drawdown (1Y) Largest decline over 1 year	-46.28%	—	—
Current Drawdown Current decline from peak	-10.11%	-25.95%	+15.84%
Average Drawdown Average peak-to-trough decline	-22.74%	-12.01%	-10.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.67%	—	—

Volatility

Volatility by Period

	ELIL	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.59%	102.65%	-26.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.53%	102.65%	-21.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.53%	102.65%	-21.12%

ELIL vs. GEVG - Expense Ratio Comparison

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

Dividends

ELIL vs. GEVG - Dividend Comparison

ELIL's dividend yield for the trailing twelve months is around 10.72%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025
ELIL Direxion Daily LLY Bull 2X Shares	10.72%	10.92%
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ELIL and GEVG in my portfolio?

ELIL and GEVG have a correlation of 0.07, 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 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, ELIL or GEVG?

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

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

ELIL has the higher dividend yield at 10.72%, compared with 0.00% for GEVG.

What is the main difference between ELIL and GEVG?

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