GEMG vs. RXL

Last updated Jun 5, 2026

GEMG (Leverage Shares 2X Long GEMI Daily ETF) and RXL (ProShares Ultra Health Care) are both Leveraged Equities funds. GEMG is actively managed, while RXL is passively managed. At a 0.14 correlation, their price movements are largely independent. GEMG charges 0.75%/yr vs 0.95%/yr for RXL.

Performance

GEMG vs. RXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GEMI Daily ETF (GEMG) and ProShares Ultra Health Care (RXL). 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 RXL's -5.87% return.

GEMG

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

RXL

• 1D: 6.28%
• 1M: 8.64%
• YTD: -5.87%
• 6M: -4.29%
• 1Y: 24.14%
• 3Y*: 5.25%
• 5Y*: 3.09%
• 10Y*: 11.97%

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

GEMG vs. RXL - Yearly Performance Comparison

	2026 (YTD)	2025
GEMG Leverage Shares 2X Long GEMI Daily ETF	-87.09%	-73.54%
RXL ProShares Ultra Health Care	-5.87%	12.43%

Correlation

The correlation between GEMG and RXL 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 6, 2025	0.14

Return for Risk

GEMG vs. RXL — Risk / Return Rank

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

RXL

RXL Risk / Return Rank: 24
RXL Sharpe Ratio Rank: 24
RXL Sortino Ratio Rank: 26
RXL Omega Ratio Rank: 24
RXL Calmar Ratio Rank: 24
RXL Martin Ratio Rank: 22

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. RXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEMI Daily ETF (GEMG) and ProShares Ultra Health Care (RXL). 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	RXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	0.41	-0.86

Drawdowns

GEMG vs. RXL - Drawdown Comparison

The maximum GEMG drawdown since its inception was -97.08%, which is greater than RXL's maximum drawdown of -67.70%. Use the drawdown chart below to compare losses from any high point for GEMG and RXL.

Drawdown Indicators

	GEMG	RXL	Difference
Max Drawdown Largest peak-to-trough decline	-97.08%	-67.70%	-29.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.00%	—
Current Drawdown Current decline from peak	-96.59%	-14.45%	-82.14%
Average Drawdown Average peak-to-trough decline	-80.43%	-15.86%	-64.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.05%	—

Volatility

Volatility by Period

	GEMG	RXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	219.20%	30.16%	+189.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.20%	29.73%	+189.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.20%	33.28%	+185.92%

GEMG vs. RXL - Expense Ratio Comparison

GEMG has a 0.75% expense ratio, which is lower than RXL's 0.95% expense ratio.

Dividends

GEMG vs. RXL - Dividend Comparison

GEMG has not paid dividends to shareholders, while RXL's dividend yield for the trailing twelve months is around 1.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
RXL ProShares Ultra Health Care	1.54%	1.43%	1.22%	0.18%	0.32%	0.10%	0.15%	0.27%	0.32%	0.11%	0.12%	0.93%

Frequently Asked Questions

Can I hold both GEMG and RXL in my portfolio?

GEMG and RXL 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, GEMG or RXL?

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 RXL?

GEMG is cheaper with a 0.75% expense ratio, compared with 0.95% for RXL.

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

RXL has the higher dividend yield at 1.54%, compared with 0.00% for GEMG.

What is the main difference between GEMG and RXL?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for GEMG and 0.95% for RXL.