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 -0.31, they often move in opposite directions. GEMG charges 0.75%/yr vs 1.08%/yr for SOXS.
Performance
GEMG vs. SOXS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GEMG having a -89.98% return and SOXS slightly lower at -93.36%.
GEMG
- 1D
- 2.57%
- 1M
- -20.84%
- 6M
- -90.98%
- YTD
- -89.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 0.25%
- 1M
- -12.57%
- 6M
- -91.19%
- YTD
- -93.36%
- 1Y
- -97.03%
- 3Y*
- -86.75%
- 5Y*
- -80.02%
- 10Y*
- -79.04%
GEMG vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEMG Leverage Shares 2X Long GEMI Daily ETF | -89.98% | -71.91% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.36% | -13.10% |
Correlation
The correlation between GEMG and SOXS is -0.31, 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 | -0.31 |
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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 | — | 0.69 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.99 | — |
| Martin ratioReturn relative to average drawdown | — | -1.44 | — |
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Drawdowns
GEMG vs. SOXS - Drawdown Comparison
The maximum GEMG drawdown since its inception was -97.76%, 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.
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Drawdown Indicators
| GEMG | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.76% | -100.00% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.89% | — |
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 | -97.35% | -100.00% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -82.32% | -92.63% | +10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 67.26% | — |
Volatility
GEMG vs. SOXS - Volatility Comparison
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Volatility by Period
| GEMG | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 65.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 107.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 215.17% | 124.35% | +90.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 215.17% | 112.87% | +102.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 215.17% | 102.78% | +112.39% |
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 55.65%.
| 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 | 55.65% | 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 -0.31, 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 55.65%, 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.
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