GEMG vs. AMZZ
GEMG (Leverage Shares 2X Long GEMI Daily ETF) and AMZZ (GraniteShares 2x Long AMZN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. GEMG charges 0.75%/yr vs 1.15%/yr for AMZZ.
Performance
GEMG vs. AMZZ - Performance Comparison
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Returns By Period
In the year-to-date period, GEMG achieves a -87.09% return, which is significantly lower than AMZZ's 12.72% return.
GEMG
- 1D
- 5.34%
- 1M
- -12.85%
- YTD
- -87.09%
- 6M
- -92.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZZ
- 1D
- 3.00%
- 1M
- -15.12%
- YTD
- 12.72%
- 6M
- 13.84%
- 1Y
- 27.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEMG vs. AMZZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEMG Leverage Shares 2X Long GEMI Daily ETF | -87.09% | -73.54% |
AMZZ GraniteShares 2x Long AMZN Daily ETF | 12.72% | -16.53% |
Correlation
The correlation between GEMG and AMZZ is 0.23, 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 6, 2025 | 0.23 |
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Return for Risk
GEMG vs. AMZZ — Risk / Return Rank
GEMG
AMZZ
GEMG vs. AMZZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEMI Daily ETF (GEMG) and GraniteShares 2x Long AMZN Daily ETF (AMZZ). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GEMG | AMZZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.28 | -0.73 |
Drawdowns
GEMG vs. AMZZ - Drawdown Comparison
The maximum GEMG drawdown since its inception was -97.08%, which is greater than AMZZ's maximum drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for GEMG and AMZZ.
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Drawdown Indicators
| GEMG | AMZZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.08% | -55.28% | -41.80% |
Max Drawdown (1Y)Largest decline over 1 year | — | -41.97% | — |
Current DrawdownCurrent decline from peak | -96.59% | -15.56% | -81.03% |
Average DrawdownAverage peak-to-trough decline | -80.43% | -20.20% | -60.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.52% | — |
Volatility
GEMG vs. AMZZ - Volatility Comparison
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Volatility by Period
| GEMG | AMZZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 40.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.20% | 59.71% | +159.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.20% | 62.79% | +156.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.20% | 62.79% | +156.41% |
GEMG vs. AMZZ - Expense Ratio Comparison
GEMG has a 0.75% expense ratio, which is lower than AMZZ's 1.15% expense ratio.
Dividends
GEMG vs. AMZZ - Dividend Comparison
Neither GEMG nor AMZZ has paid dividends to shareholders.
Frequently Asked Questions
GEMG and AMZZ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GEMG is cheaper with a 0.75% expense ratio, compared with 1.15% for AMZZ.
GEMG and AMZZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for GEMG and 1.15% for AMZZ.
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