GEVX vs. OPEG
GEVX (Tradr 2X Long GEV Daily ETF) and OPEG (Leverage Shares 2X Long OPEN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. GEVX charges 1.30%/yr vs 0.75%/yr for OPEG.
Performance
GEVX vs. OPEG - Performance Comparison
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Returns By Period
In the year-to-date period, GEVX achieves a 126.72% return, which is significantly higher than OPEG's -62.14% return.
GEVX
- 1D
- 4.51%
- 1M
- -0.24%
- YTD
- 126.72%
- 6M
- 116.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEG
- 1D
- 3.80%
- 1M
- -16.41%
- YTD
- -62.14%
- 6M
- -67.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVX vs. OPEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEVX Tradr 2X Long GEV Daily ETF | 126.72% | -20.58% |
OPEG Leverage Shares 2X Long OPEN Daily ETF | -62.14% | -33.35% |
Correlation
The correlation between GEVX and OPEG 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 11, 2025 | 0.15 |
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Return for Risk
GEVX vs. OPEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long GEV Daily ETF (GEVX) and Leverage Shares 2X Long OPEN Daily ETF (OPEG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
GEVX vs. OPEG - Drawdown Comparison
The maximum GEVX drawdown since its inception was -45.03%, smaller than the maximum OPEG drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for GEVX and OPEG.
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Drawdown Indicators
| GEVX | OPEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.03% | -75.76% | +30.73% |
Current DrawdownCurrent decline from peak | -20.13% | -74.84% | +54.71% |
Average DrawdownAverage peak-to-trough decline | -15.09% | -53.09% | +38.00% |
Volatility
GEVX vs. OPEG - Volatility Comparison
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Volatility by Period
| GEVX | OPEG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 145.82% | -43.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.59% | 145.82% | -43.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.59% | 145.82% | -43.23% |
GEVX vs. OPEG - Expense Ratio Comparison
GEVX has a 1.30% expense ratio, which is higher than OPEG's 0.75% expense ratio.
Dividends
GEVX vs. OPEG - Dividend Comparison
Neither GEVX nor OPEG has paid dividends to shareholders.
Frequently Asked Questions
GEVX and OPEG 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, OPEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEG is cheaper with a 0.75% expense ratio, compared with 1.30% for GEVX.
GEVX and OPEG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for GEVX and 0.75% for OPEG.
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