GEMG vs. SOFX

Last updated Jun 5, 2026

GEMG (Leverage Shares 2X Long GEMI Daily ETF) and SOFX (Defiance Daily Target 2X Long SOFI ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. GEMG charges 0.75%/yr vs 1.29%/yr for SOFX.

Performance

GEMG vs. SOFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GEMI Daily ETF (GEMG) and Defiance Daily Target 2X Long SOFI ETF (SOFX). 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 SOFX's -65.82% return.

GEMG

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

SOFX

• 1D: 5.43%
• 1M: 9.47%
• YTD: -65.82%
• 6M: -74.15%
• 1Y: -5.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEMG vs. SOFX - Yearly Performance Comparison

	2026 (YTD)	2025
GEMG Leverage Shares 2X Long GEMI Daily ETF	-87.09%	-73.54%
SOFX Defiance Daily Target 2X Long SOFI ETF	-65.82%	-31.76%

Correlation

The correlation between GEMG and SOFX is 0.47, 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	0.47

Return for Risk

GEMG vs. SOFX — Risk / Return Rank

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

SOFX

SOFX Risk / Return Rank: 11
SOFX Sharpe Ratio Rank: 8
SOFX Sortino Ratio Rank: 16
SOFX Omega Ratio Rank: 16
SOFX Calmar Ratio Rank: 8
SOFX Martin Ratio Rank: 9

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. SOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEMI Daily ETF (GEMG) and Defiance Daily Target 2X Long SOFI ETF (SOFX). 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	SOFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	-0.33	-0.13

Drawdowns

GEMG vs. SOFX - Drawdown Comparison

The maximum GEMG drawdown since its inception was -97.08%, which is greater than SOFX's maximum drawdown of -83.23%. Use the drawdown chart below to compare losses from any high point for GEMG and SOFX.

Drawdown Indicators

	GEMG	SOFX	Difference
Max Drawdown Largest peak-to-trough decline	-97.08%	-83.23%	-13.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-83.23%	—
Current Drawdown Current decline from peak	-96.59%	-79.29%	-17.30%
Average Drawdown Average peak-to-trough decline	-80.43%	-42.44%	-37.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	47.57%	—

Volatility

Volatility by Period

	GEMG	SOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	77.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	219.20%	111.93%	+107.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.20%	122.28%	+96.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.20%	122.28%	+96.92%

GEMG vs. SOFX - Expense Ratio Comparison

GEMG has a 0.75% expense ratio, which is lower than SOFX's 1.29% expense ratio.

Dividends

GEMG vs. SOFX - Dividend Comparison

GEMG has not paid dividends to shareholders, while SOFX's dividend yield for the trailing twelve months is around 37.06%.

Position	TTM	2025
GEMG Leverage Shares 2X Long GEMI Daily ETF	0.00%	0.00%
SOFX Defiance Daily Target 2X Long SOFI ETF	37.06%	12.67%

Frequently Asked Questions

Can I hold both GEMG and SOFX in my portfolio?

GEMG and SOFX have a correlation of 0.47, 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 SOFX?

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 SOFX?

GEMG is cheaper with a 0.75% expense ratio, compared with 1.29% for SOFX.

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

SOFX has the higher dividend yield at 37.06%, compared with 0.00% for GEMG.

What is the main difference between GEMG and SOFX?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for GEMG and 1.29% for SOFX.