GEVG vs. SSO
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 0.49 correlation, their price movements are largely independent. GEVG charges 0.75%/yr vs 0.87%/yr for SSO.
Performance
GEVG vs. SSO - 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 SSO's 12.95% return.
GEVG
- 1D
- -16.17%
- 1M
- -5.00%
- YTD
- 112.16%
- 6M
- 107.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSO
- 1D
- -2.86%
- 1M
- -3.30%
- YTD
- 12.95%
- 6M
- 10.86%
- 1Y
- 42.28%
- 3Y*
- 33.83%
- 5Y*
- 17.91%
- 10Y*
- 24.26%
GEVG vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily ETF | 112.16% | -11.27% |
SSO ProShares Ultra S&P500 | 12.95% | 0.63% |
Correlation
The correlation between GEVG and SSO is 0.49, 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 16, 2025 | 0.49 |
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Return for Risk
GEVG vs. SSO — Risk / Return Rank
GEVG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SSO
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.
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 | SSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.34 | — |
| Martin ratioReturn relative to average drawdown | — | 9.90 | — |
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Drawdowns
GEVG vs. SSO - Drawdown Comparison
The maximum GEVG drawdown since its inception was -45.50%, 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.
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Drawdown Indicators
| GEVG | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.50% | -84.67% | +39.17% |
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 DrawdownCurrent decline from peak | -24.03% | -6.70% | -17.33% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -19.53% | +8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.28% | — |
Volatility
GEVG vs. SSO - Volatility Comparison
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Volatility by Period
| GEVG | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.04% | 24.92% | +76.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.04% | 33.85% | +67.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.04% | 35.93% | +65.11% |
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 0.65%.
| 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 | 0.65% | 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
GEVG and SSO have a correlation of 0.49, 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 0.87% for SSO.
SSO has the higher dividend yield at 0.65%, 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 0.87% for SSO.
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