GEVG vs. SSO

Last updated Jun 4, 2026

GEVG (Leverage Shares 2X Long GEV Daily ETF) and SSO (ProShares Ultra S&P500) are both Leveraged Equities funds. GEVG is actively managed, while SSO is passively managed. At a 0.46 correlation, their price movements are largely independent. GEVG charges 0.75%/yr vs 0.87%/yr for SSO.

Performance

GEVG vs. SSO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GEV Daily ETF (GEVG) and ProShares Ultra S&P500 (SSO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEVG achieves a 88.18% return, which is significantly higher than SSO's 19.37% return.

GEVG

• 1D: -2.09%
• 1M: -22.22%
• YTD: 88.18%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SSO

• 1D: -1.40%
• 1M: 9.75%
• YTD: 19.37%
• 6M: 18.81%
• 1Y: 52.69%
• 3Y*: 37.56%
• 5Y*: 19.62%
• 10Y*: 24.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GEVG vs. SSO - Yearly Performance Comparison

	2026 (YTD)	2025
GEVG Leverage Shares 2X Long GEV Daily ETF	88.18%	-11.09%
SSO ProShares Ultra S&P500	19.37%	1.21%

Correlation

The correlation between GEVG and SSO is 0.46, 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	0.46

Return for Risk

GEVG vs. SSO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSO

SSO Risk / Return Rank: 62
SSO Sharpe Ratio Rank: 66
SSO Sortino Ratio Rank: 59
SSO Omega Ratio Rank: 60
SSO Calmar Ratio Rank: 58
SSO Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GEVG vs. SSO - 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 Ultra S&P500 (SSO). 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.

Sharpe Ratios by Period

	GEVG	SSO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	0.42	+1.76

Drawdowns

GEVG vs. SSO - Drawdown Comparison

The maximum GEVG drawdown since its inception was -33.81%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for GEVG and SSO.

Drawdown Indicators

	GEVG	SSO	Difference
Max Drawdown Largest peak-to-trough decline	-33.81%	-84.67%	+50.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.34%	—
Current Drawdown Current decline from peak	-32.62%	-1.40%	-31.22%
Average Drawdown Average peak-to-trough decline	-9.25%	-19.57%	+10.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.13%	—

Volatility

Volatility by Period

	GEVG	SSO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	96.61%	23.60%	+73.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.61%	33.65%	+62.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.61%	35.89%	+60.72%

GEVG vs. SSO - Expense Ratio Comparison

GEVG has a 0.75% expense ratio, which is lower than SSO's 0.87% expense ratio.

Dividends

GEVG vs. SSO - Dividend Comparison

GEVG has not paid dividends to shareholders, while SSO's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
SSO ProShares Ultra S&P500	0.62%	0.68%	0.85%	0.18%	0.50%	0.18%	0.20%	0.50%	0.75%	0.39%	0.51%	0.63%

Frequently Asked Questions

Can I hold both GEVG and SSO in my portfolio?

GEVG and SSO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEVG or SSO?

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.

Which ETF is cheaper, GEVG or SSO?

GEVG is cheaper with a 0.75% expense ratio, compared with 0.87% for SSO.

Which ETF pays a higher dividend yield, GEVG or SSO?

SSO has the higher dividend yield at 0.62%, compared with 0.00% for GEVG.

What is the main difference between GEVG and SSO?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for GEVG and 0.87% for SSO.