GMEU vs. FLSP

Last updated Jun 6, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - GMEU is a Leveraged Equities fund actively managed by T-Rex, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, GMEU returned -69.08% vs 15.85% for FLSP. At a correlation of -0.08, they often move in opposite directions. GMEU charges 1.50%/yr vs 0.65%/yr for FLSP.

Performance

GMEU vs. FLSP - 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 Franklin Liberty Systematic Style Premia ETF (FLSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEU achieves a -4.94% return, which is significantly lower than FLSP's 2.30% return.

GMEU

• 1D: -4.61%
• 1M: -28.19%
• YTD: -4.94%
• 6M: -29.47%
• 1Y: -69.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLSP

• 1D: 0.68%
• 1M: 2.53%
• YTD: 2.30%
• 6M: 3.92%
• 1Y: 15.85%
• 3Y*: 10.62%
• 5Y*: 7.92%
• 10Y*: —

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

GMEU vs. FLSP - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-4.94%	-65.56%
FLSP Franklin Liberty Systematic Style Premia ETF	2.30%	15.37%

Correlation

The correlation between GMEU and FLSP is -0.11, 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 (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	-0.08

Return for Risk

GMEU vs. FLSP — 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: 0
GMEU Martin Ratio Rank: 3

FLSP

FLSP Risk / Return Rank: 59
FLSP Sharpe Ratio Rank: 52
FLSP Sortino Ratio Rank: 52
FLSP Omega Ratio Rank: 49
FLSP Calmar Ratio Rank: 79
FLSP Martin Ratio Rank: 65

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. FLSP - 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 Franklin Liberty Systematic Style Premia ETF (FLSP). 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	FLSP	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	1.71	-2.53
Sortino ratio: Return per unit of downside risk	-1.13	2.43	-3.56
Omega ratio: Gain probability vs. loss probability	0.85	1.29	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.95	3.95	-4.90
Martin ratio: Return relative to average drawdown	-1.20	11.40	-12.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMEU vs. FLSP - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.81, which is lower than the FLSP Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of GMEU and FLSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GMEU	FLSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	1.71	-2.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	0.31	-1.03

Drawdowns

GMEU vs. FLSP - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.43%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for GMEU and FLSP.

Drawdown Indicators

	GMEU	FLSP	Difference
Max Drawdown Largest peak-to-trough decline	-80.43%	-22.75%	-57.68%
Max Drawdown (1Y) Largest decline over 1 year	-72.75%	-4.03%	-68.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.52%	—
Current Drawdown Current decline from peak	-78.93%	-0.94%	-77.99%
Average Drawdown Average peak-to-trough decline	-63.30%	-6.30%	-57.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.36%	1.39%	+55.97%

Volatility

GMEU vs. FLSP - Volatility Comparison

T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 23.03% compared to Franklin Liberty Systematic Style Premia ETF (FLSP) at 1.97%. This indicates that GMEU's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMEU	FLSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.03%	1.97%	+21.06%
Volatility (6M) Calculated over the trailing 6-month period	57.67%	6.87%	+50.80%
Volatility (1Y) Calculated over the trailing 1-year period	85.25%	9.29%	+75.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.72%	13.37%	+76.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.72%	13.52%	+76.20%

GMEU vs. FLSP - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than FLSP's 0.65% expense ratio.

Dividends

GMEU vs. FLSP - Dividend Comparison

GMEU has not paid dividends to shareholders, while FLSP's dividend yield for the trailing twelve months is around 2.59%.

Position	TTM	2025	2024	2023	2022	2021	2020
FLSP Franklin Liberty Systematic Style Premia ETF	2.59%	2.65%	1.18%	1.19%	2.18%	1.19%	8.08%
GMEU T-Rex 2X Long GME Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMEU and FLSP in my portfolio?

GMEU and FLSP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMEU or FLSP?

GMEU has higher volatility (23.03%) compared to FLSP (1.97%). In terms of maximum drawdown, GMEU dropped -80.43% vs FLSP's -22.75%.

Which ETF is better, GMEU or FLSP?

On 1-year performance, FLSP leads with 15.85% vs -69.08% for GMEU. On fees, FLSP is cheaper at 0.65% per year. On volatility, FLSP has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or FLSP?

Over the 1-year period, FLSP has performed better with a 15.85% return vs -69.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or FLSP?

FLSP is cheaper with a 0.65% expense ratio, compared with 1.50% for GMEU.

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

FLSP has the higher dividend yield at 2.59%, compared with 0.00% for GMEU.

What is the main difference between GMEU and FLSP?

GMEU is categorized as Leveraged Equities, while FLSP is Long-Short. They also come from different issuers: T-Rex and Franklin Templeton. Their fees differ too: 1.50% for GMEU and 0.65% for FLSP.

Which has better risk-adjusted returns?

FLSP currently has the higher Sharpe Ratio (1.71 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.