GEMG vs. SOXS
GEMG (Leverage Shares 2X Long GEMI Daily ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - GEMG is a Leveraged Equities fund actively managed by Leverage Shares, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). GEMG is actively managed, while SOXS is passively managed. At a correlation of -0.32, they often move in opposite directions. GEMG charges 0.75%/yr vs 1.08%/yr for SOXS.
Performance
GEMG vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GEMG achieves a -88.30% return, which is significantly higher than SOXS's -94.69% return.
GEMG
- 1D
- -6.06%
- 1M
- -29.17%
- YTD
- -88.30%
- 6M
- -91.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -8.08%
- 1M
- -57.31%
- YTD
- -94.69%
- 6M
- -94.57%
- 1Y
- -98.20%
- 3Y*
- -88.23%
- 5Y*
- -81.24%
- 10Y*
- -79.95%
GEMG vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEMG Leverage Shares 2X Long GEMI Daily ETF | -88.30% | -71.91% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.69% | -13.10% |
Correlation
The correlation between GEMG and SOXS is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GEMG vs. SOXS — Risk / Return Rank
GEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
GEMG vs. SOXS - 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 Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.61 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.00 | — |
| Martin ratioReturn relative to average drawdown | — | -1.46 | — |
Loading charts...
Drawdowns
GEMG vs. SOXS - Drawdown Comparison
The maximum GEMG drawdown since its inception was -97.26%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GEMG and SOXS.
Loading charts...
Drawdown Indicators
| GEMG | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.26% | -100.00% | +2.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -98.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -96.91% | -100.00% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -81.07% | -92.60% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 67.64% | — |
Volatility
GEMG vs. SOXS - Volatility Comparison
Loading charts...
Volatility by Period
| GEMG | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 61.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 97.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.95% | 115.12% | +104.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.95% | 110.92% | +109.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.95% | 101.99% | +117.96% |
GEMG vs. SOXS - Expense Ratio Comparison
GEMG has a 0.75% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
GEMG vs. SOXS - Dividend Comparison
GEMG has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 101.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 101.68% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
GEMG and SOXS have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GEMG is cheaper with a 0.75% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 101.68%, compared with 0.00% for GEMG.
GEMG is categorized as Leveraged Equities, while SOXS is Inverse Equities. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for GEMG and 1.08% for SOXS.
Find the right allocation for GEMG and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer