GEMG vs. SOFA

Last updated Jun 5, 2026

GEMG (Leverage Shares 2X Long GEMI Daily ETF) and SOFA (Direxion Daily SOFI Bull 2X ETF) are both Leveraged Equities funds. GEMG is actively managed, while SOFA is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. GEMG charges 0.75%/yr vs 0.97%/yr for SOFA.

Performance

GEMG vs. SOFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GEMI Daily ETF (GEMG) and Direxion Daily SOFI Bull 2X ETF (SOFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GEMG

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

SOFA

• 1D: 5.24%
• 1M: 10.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEMG vs. SOFA - Yearly Performance Comparison

	2026 (YTD)
GEMG Leverage Shares 2X Long GEMI Daily ETF	-67.95%
SOFA Direxion Daily SOFI Bull 2X ETF	-39.84%

Correlation

The correlation between GEMG and SOFA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	0.54

Return for Risk

GEMG vs. SOFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEMI Daily ETF (GEMG) and Direxion Daily SOFI Bull 2X ETF (SOFA). 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	SOFA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	-0.75	+0.30

Drawdowns

GEMG vs. SOFA - Drawdown Comparison

The maximum GEMG drawdown since its inception was -97.08%, which is greater than SOFA's maximum drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for GEMG and SOFA.

Drawdown Indicators

	GEMG	SOFA	Difference
Max Drawdown Largest peak-to-trough decline	-97.08%	-51.39%	-45.69%
Current Drawdown Current decline from peak	-96.59%	-39.84%	-56.75%
Average Drawdown Average peak-to-trough decline	-80.43%	-32.77%	-47.66%

Volatility

Volatility by Period

	GEMG	SOFA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	219.20%	107.88%	+111.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.20%	107.88%	+111.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.20%	107.88%	+111.32%

GEMG vs. SOFA - Expense Ratio Comparison

GEMG has a 0.75% expense ratio, which is lower than SOFA's 0.97% expense ratio.

Dividends

GEMG vs. SOFA - Dividend Comparison

GEMG has not paid dividends to shareholders, while SOFA's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM
GEMG Leverage Shares 2X Long GEMI Daily ETF	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.37%

Frequently Asked Questions

Can I hold both GEMG and SOFA in my portfolio?

GEMG and SOFA have a correlation of 0.54, 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 SOFA?

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 SOFA?

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

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

SOFA has the higher dividend yield at 0.37%, compared with 0.00% for GEMG.

What is the main difference between GEMG and SOFA?

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