GEMG vs. SOXL

Last updated Jul 12, 2026

GEMG (Leverage Shares 2X Long GEMI Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. GEMG is actively managed, while SOXL is passively managed. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

GEMG vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEMG achieves a -89.98% return, which is significantly lower than SOXL's 357.44% return.

GEMG

• 1D: 2.57%
• 1M: -20.84%
• 6M: -90.98%
• YTD: -89.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -0.10%
• 1M: -18.08%
• 6M: 256.37%
• YTD: 357.44%
• 1Y: 604.71%
• 3Y*: 100.40%
• 5Y*: 36.53%
• 10Y*: 58.80%

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

GEMG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
GEMG Leverage Shares 2X Long GEMI Daily ETF	-89.98%	-71.91%
SOXL Direxion Daily Semiconductor Bull 3X ETF	357.44%	-1.80%

Correlation

The correlation between GEMG and SOXL is 0.31, 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 5, 2025	0.31

Return for Risk

GEMG vs. SOXL — Risk / Return Rank

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

GEMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXL

SOXL Risk / Return Rank: 95
SOXL Sharpe Ratio Rank: 98
SOXL Sortino Ratio Rank: 89
SOXL Omega Ratio Rank: 90
SOXL Calmar Ratio Rank: 98
SOXL Martin Ratio Rank: 98

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. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GEMG	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	4.95	—
Sortino ratio: Return per unit of downside risk	—	3.29	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	13.50	—
Martin ratio: Return relative to average drawdown	—	39.95	—

Drawdowns

GEMG vs. SOXL - Drawdown Comparison

The maximum GEMG drawdown since its inception was -97.76%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for GEMG and SOXL.

Drawdown Indicators

	GEMG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-97.76%	-90.46%	-7.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-45.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-97.35%	-36.08%	-61.27%
Average Drawdown Average peak-to-trough decline	-82.32%	-34.94%	-47.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.19%	—

Volatility

Volatility by Period

	GEMG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	64.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	107.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	215.17%	122.83%	+92.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.17%	111.62%	+103.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.17%	101.19%	+113.98%

GEMG vs. SOXL - Expense Ratio Comparison

Both GEMG and SOXL have an expense ratio of 0.75%.

Dividends

GEMG vs. SOXL - Dividend Comparison

GEMG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both GEMG and SOXL in my portfolio?

GEMG and SOXL have a correlation of 0.31, 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 SOXL?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GEMG or SOXL?

GEMG and SOXL have the same expense ratio: 0.75% per year.

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

SOXL has the higher dividend yield at 0.01%, compared with 0.00% for GEMG.

What is the main difference between GEMG and SOXL?

They also come from different issuers: Leverage Shares and Direxion.