GEMG vs. NVDX

Last updated Jun 5, 2026

GEMG (Leverage Shares 2X Long GEMI Daily ETF) and NVDX (T-REX 2X Long NVIDIA Daily Target 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 1.05%/yr for NVDX.

Performance

GEMG vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GEMI Daily ETF (GEMG) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEMG achieves a -87.09% return, which is significantly lower than NVDX's 21.55% return.

GEMG

• 1D: 5.34%
• 1M: -12.85%
• YTD: -87.09%
• 6M: -92.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDX

• 1D: 3.58%
• 1M: 20.64%
• YTD: 21.55%
• 6M: 23.12%
• 1Y: 80.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEMG vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025
GEMG Leverage Shares 2X Long GEMI Daily ETF	-87.09%	-73.54%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	21.55%	-12.98%

Correlation

The correlation between GEMG and NVDX 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

Return for Risk

GEMG vs. NVDX — Risk / Return Rank

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

NVDX

NVDX Risk / Return Rank: 34
NVDX Sharpe Ratio Rank: 34
NVDX Sortino Ratio Rank: 36
NVDX Omega Ratio Rank: 33
NVDX Calmar Ratio Rank: 38
NVDX Martin Ratio Rank: 30

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.

GEMG vs. NVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEMI Daily ETF (GEMG) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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.

Sharpe Ratios by Period

	GEMG	NVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	1.47	-1.93

Drawdowns

GEMG vs. NVDX - Drawdown Comparison

The maximum GEMG drawdown since its inception was -97.08%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for GEMG and NVDX.

Drawdown Indicators

	GEMG	NVDX	Difference
Max Drawdown Largest peak-to-trough decline	-97.08%	-68.19%	-28.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.76%	—
Current Drawdown Current decline from peak	-96.59%	-15.34%	-81.25%
Average Drawdown Average peak-to-trough decline	-80.43%	-20.27%	-60.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.29%	—

Volatility

Volatility by Period

	GEMG	NVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	219.20%	68.32%	+150.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.20%	95.53%	+123.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.20%	95.53%	+123.67%

GEMG vs. NVDX - Expense Ratio Comparison

GEMG has a 0.75% expense ratio, which is lower than NVDX's 1.05% expense ratio.

Dividends

GEMG vs. NVDX - Dividend Comparison

GEMG has not paid dividends to shareholders, while NVDX's dividend yield for the trailing twelve months is around 2.76%.

Position	TTM	2025	2024
GEMG Leverage Shares 2X Long GEMI Daily ETF	0.00%	0.00%	0.00%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	2.76%	3.35%	15.48%

Frequently Asked Questions

Can I hold both GEMG and NVDX in my portfolio?

GEMG and NVDX 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.

Which ETF is better, GEMG or NVDX?

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, GEMG or NVDX?

GEMG is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDX.

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

NVDX has the higher dividend yield at 2.76%, compared with 0.00% for GEMG.

What is the main difference between GEMG and NVDX?

They also come from different issuers: Leverage Shares and REX. Their fees differ too: 0.75% for GEMG and 1.05% for NVDX.