GEVG vs. EEV
GEVG (Leverage Shares 2X Long GEV Daily ETF) and EEV (ProShares UltraShort MSCI Emerging Markets) are both Leveraged Equities funds. GEVG is actively managed, while EEV is passively managed. At a correlation of -0.51, they often move in opposite directions. GEVG charges 0.75%/yr vs 0.95%/yr for EEV.
Performance
GEVG vs. EEV - Performance Comparison
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Returns By Period
In the year-to-date period, GEVG achieves a 112.16% return, which is significantly higher than EEV's -39.72% return.
GEVG
- 1D
- -16.17%
- 1M
- -5.00%
- YTD
- 112.16%
- 6M
- 107.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEV
- 1D
- 11.50%
- 1M
- -8.06%
- YTD
- -39.72%
- 6M
- -40.50%
- 1Y
- -56.22%
- 3Y*
- -33.55%
- 5Y*
- -15.31%
- 10Y*
- -24.12%
GEVG vs. EEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily ETF | 112.16% | -11.27% |
EEV ProShares UltraShort MSCI Emerging Markets | -39.72% | -4.86% |
Correlation
The correlation between GEVG and EEV is -0.51, 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 Dec 16, 2025 | -0.51 |
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Return for Risk
GEVG vs. EEV — Risk / Return Rank
GEVG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EEV
GEVG vs. EEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEV Daily ETF (GEVG) and ProShares UltraShort MSCI Emerging Markets (EEV). 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.
| GEVG | EEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.75 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.96 | — |
| Martin ratioReturn relative to average drawdown | — | -1.82 | — |
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Drawdowns
GEVG vs. EEV - Drawdown Comparison
The maximum GEVG drawdown since its inception was -45.50%, smaller than the maximum EEV drawdown of -99.88%. Use the drawdown chart below to compare losses from any high point for GEVG and EEV.
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Drawdown Indicators
| GEVG | EEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.50% | -99.88% | +54.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -58.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -77.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.47% | — |
Current DrawdownCurrent decline from peak | -24.03% | -99.87% | +75.84% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -93.00% | +81.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.75% | — |
Volatility
GEVG vs. EEV - Volatility Comparison
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Volatility by Period
| GEVG | EEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.04% | 45.86% | +55.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.04% | 39.50% | +61.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.04% | 41.47% | +59.57% |
GEVG vs. EEV - Expense Ratio Comparison
GEVG has a 0.75% expense ratio, which is lower than EEV's 0.95% expense ratio.
Dividends
GEVG vs. EEV - Dividend Comparison
GEVG has not paid dividends to shareholders, while EEV's dividend yield for the trailing twelve months is around 7.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 7.17% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% |
GEVG Leverage Shares 2X Long GEV Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GEVG and EEV have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEVG is cheaper with a 0.75% expense ratio, compared with 0.95% for EEV.
EEV has the higher dividend yield at 7.17%, compared with 0.00% for GEVG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for GEVG and 0.95% for EEV.
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