GEVG vs. PYPG
GEVG (Leverage Shares 2X Long GEV Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. Both charge a 0.75% expense ratio.
Performance
GEVG vs. PYPG - Performance Comparison
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Returns By Period
In the year-to-date period, GEVG achieves a 106.82% return, which is significantly higher than PYPG's -23.41% return.
GEVG
- 1D
- -4.06%
- 1M
- 5.90%
- 6M
- 117.21%
- YTD
- 106.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVG vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily ETF | 106.82% | -11.27% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -23.41% | -8.08% |
Correlation
The correlation between GEVG and PYPG is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | -0.09 |
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Return for Risk
GEVG vs. PYPG — Risk / Return Rank
GEVG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
GEVG vs. PYPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEV Daily ETF (GEVG) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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 | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.71 | — |
| Martin ratioReturn relative to average drawdown | — | -1.00 | — |
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Drawdowns
GEVG vs. PYPG - Drawdown Comparison
The maximum GEVG drawdown since its inception was -45.50%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for GEVG and PYPG.
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Drawdown Indicators
| GEVG | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.50% | -79.52% | +34.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -25.95% | -61.72% | +35.77% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -41.31% | +29.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.30% | — |
Volatility
GEVG vs. PYPG - Volatility Comparison
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Volatility by Period
| GEVG | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 77.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 102.65% | 85.35% | +17.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.65% | 83.28% | +19.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.65% | 83.28% | +19.37% |
GEVG vs. PYPG - Expense Ratio Comparison
Both GEVG and PYPG have an expense ratio of 0.75%.
Dividends
GEVG vs. PYPG - Dividend Comparison
Neither GEVG nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
GEVG and PYPG have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GEVG and PYPG have the same expense ratio: 0.75% per year.
GEVG and PYPG have nearly identical dividend yields, around 0.00%.
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