GEVG vs. METU
GEVG (Leverage Shares 2X Long GEV Daily ETF) and METU (Direxion Daily META Bull 2X ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. GEVG charges 0.75%/yr vs 1.07%/yr for METU.
Performance
GEVG vs. METU - Performance Comparison
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Returns By Period
In the year-to-date period, GEVG achieves a 88.18% return, which is significantly higher than METU's -20.23% return.
GEVG
- 1D
- -2.09%
- 1M
- -22.22%
- YTD
- 88.18%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METU
- 1D
- 8.31%
- 1M
- 2.33%
- YTD
- -20.23%
- 6M
- -15.96%
- 1Y
- -30.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVG vs. METU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily ETF | 88.18% | -11.09% |
METU Direxion Daily META Bull 2X ETF | -20.23% | 0.24% |
Correlation
The correlation between GEVG and METU is 0.15, 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 Dec 17, 2025 | 0.15 |
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Return for Risk
GEVG vs. METU — Risk / Return Rank
GEVG
METU
GEVG vs. METU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEV Daily ETF (GEVG) and Direxion Daily META Bull 2X ETF (METU). 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.
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Sharpe Ratios by Period
| GEVG | METU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.17 | -0.01 | +2.18 |
Drawdowns
GEVG vs. METU - Drawdown Comparison
The maximum GEVG drawdown since its inception was -33.81%, smaller than the maximum METU drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for GEVG and METU.
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Drawdown Indicators
| GEVG | METU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.81% | -61.85% | +28.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.52% | — |
Current DrawdownCurrent decline from peak | -32.62% | -49.01% | +16.39% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -23.55% | +14.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.23% | — |
Volatility
GEVG vs. METU - Volatility Comparison
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Volatility by Period
| GEVG | METU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.61% | 70.38% | +26.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.61% | 72.35% | +24.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.61% | 72.35% | +24.26% |
GEVG vs. METU - Expense Ratio Comparison
GEVG has a 0.75% expense ratio, which is lower than METU's 1.07% expense ratio.
Dividends
GEVG vs. METU - Dividend Comparison
GEVG has not paid dividends to shareholders, while METU's dividend yield for the trailing twelve months is around 3.87%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily ETF | 0.00% | 0.00% | 0.00% |
METU Direxion Daily META Bull 2X ETF | 3.87% | 3.00% | 1.40% |
Frequently Asked Questions
GEVG and METU have a correlation of 0.15, 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 1.07% for METU.
METU has the higher dividend yield at 3.87%, compared with 0.00% for GEVG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for GEVG and 1.07% for METU.
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