GEVG vs. TSMG

Last updated Jun 4, 2026

GEVG (Leverage Shares 2X Long GEV Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

GEVG vs. TSMG - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GEVG having a 88.18% return and TSMG slightly lower at 86.06%.

GEVG

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

TSMG

• 1D: -4.26%
• 1M: 15.77%
• YTD: 86.06%
• 6M: 95.35%
• 1Y: 297.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEVG vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
GEVG Leverage Shares 2X Long GEV Daily ETF	88.18%	-11.09%
TSMG Leverage Shares 2X Long TSM Daily ETF	86.06%	11.30%

Correlation

The correlation between GEVG and TSMG is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.50

Return for Risk

GEVG vs. TSMG — Risk / Return Rank

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

TSMG

TSMG Risk / Return Rank: 89
TSMG Sharpe Ratio Rank: 96
TSMG Sortino Ratio Rank: 83
TSMG Omega Ratio Rank: 76
TSMG Calmar Ratio Rank: 95
TSMG Martin Ratio Rank: 94

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. TSMG - 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 TSM Daily ETF (TSMG). 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	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	1.69	+0.48

Drawdowns

GEVG vs. TSMG - Drawdown Comparison

The maximum GEVG drawdown since its inception was -33.81%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for GEVG and TSMG.

Drawdown Indicators

	GEVG	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-33.81%	-63.67%	+29.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-32.62%	-4.26%	-28.36%
Average Drawdown Average peak-to-trough decline	-9.25%	-16.98%	+7.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.79%	—

Volatility

Volatility by Period

	GEVG	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	96.61%	71.74%	+24.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.61%	81.06%	+15.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.61%	81.06%	+15.55%

GEVG vs. TSMG - Expense Ratio Comparison

Both GEVG and TSMG have an expense ratio of 0.75%.

Dividends

GEVG vs. TSMG - Dividend Comparison

GEVG has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 6.17%.

Position	TTM	2025
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.17%	11.48%

Frequently Asked Questions

Can I hold both GEVG and TSMG in my portfolio?

GEVG and TSMG have a correlation of 0.50, 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 TSMG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GEVG or TSMG?

GEVG and TSMG have the same expense ratio: 0.75% per year.

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

TSMG has the higher dividend yield at 6.17%, compared with 0.00% for GEVG.