GMEU vs. BEX

Last updated Jun 5, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.68, they often move in opposite directions. GMEU charges 1.50%/yr vs 1.30%/yr for BEX.

Performance

GMEU vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GMEU

• 1D: 0.12%
• 1M: -18.73%
• YTD: -0.34%
• 6M: -26.25%
• 1Y: -68.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: 2.94%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEU vs. BEX - Yearly Performance Comparison

	2026 (YTD)
GMEU T-Rex 2X Long GME Daily Target ETF	1.88%
BEX Tradr 2X Long BE Daily ETF	-8.87%

Correlation

The correlation between GMEU and BEX is -0.68, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.68

Return for Risk

GMEU vs. BEX — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 2
GMEU Sharpe Ratio Rank: 3
GMEU Sortino Ratio Rank: 3
GMEU Omega Ratio Rank: 2
GMEU Calmar Ratio Rank: 1
GMEU Martin Ratio Rank: 3

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.

GMEU vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) and Tradr 2X Long BE Daily ETF (BEX). 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.

	GMEU	BEX	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	—	—
Sortino ratio: Return per unit of downside risk	-1.12	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.95	—	—
Martin ratio: Return relative to average drawdown	-1.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GMEU	BEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	-0.61	-0.08

Drawdowns

GMEU vs. BEX - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.43%, which is greater than BEX's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for GMEU and BEX.

Drawdown Indicators

	GMEU	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-80.43%	-18.65%	-61.78%
Max Drawdown (1Y) Largest decline over 1 year	-72.75%	—	—
Current Drawdown Current decline from peak	-77.91%	-8.87%	-69.04%
Average Drawdown Average peak-to-trough decline	-63.24%	-9.34%	-53.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.19%	—	—

Volatility

Volatility by Period

	GMEU	BEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	85.15%	170.67%	-85.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.79%	170.67%	-80.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.79%	170.67%	-80.88%

GMEU vs. BEX - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than BEX's 1.30% expense ratio.

Dividends

GMEU vs. BEX - Dividend Comparison

Neither GMEU nor BEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GMEU and BEX in my portfolio?

GMEU and BEX have a correlation of -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEU or BEX?

On fees, BEX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMEU or BEX?

BEX is cheaper with a 1.30% expense ratio, compared with 1.50% for GMEU.

Which ETF pays a higher dividend yield, GMEU or BEX?

GMEU and BEX have nearly identical dividend yields, around 0.00%.

What is the main difference between GMEU and BEX?

They also come from different issuers: T-Rex and Tradr. Their fees differ too: 1.50% for GMEU and 1.30% for BEX.