GMEU vs. LULG

Last updated Jun 26, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. GMEU charges 1.50%/yr vs 0.75%/yr for LULG.

Performance

GMEU vs. LULG - 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 Leverage Shares 2X Long LULU Daily ETF (LULG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEU achieves a -13.20% return, which is significantly higher than LULG's -75.54% return.

GMEU

• 1D: -4.67%
• 1M: -11.27%
• YTD: -13.20%
• 6M: -24.66%
• 1Y: -49.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LULG

• 1D: -1.81%
• 1M: -25.41%
• YTD: -75.54%
• 6M: -76.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEU vs. LULG - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-13.20%	-21.88%
LULG Leverage Shares 2X Long LULU Daily ETF	-75.54%	55.59%

Correlation

The correlation between GMEU and LULG is 0.25, 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 Nov 5, 2025	0.25

Return for Risk

GMEU vs. LULG — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 3
GMEU Sharpe Ratio Rank: 4
GMEU Sortino Ratio Rank: 4
GMEU Omega Ratio Rank: 4
GMEU Calmar Ratio Rank: 2
GMEU Martin Ratio Rank: 3

LULG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. LULG - 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 Leverage Shares 2X Long LULU Daily ETF (LULG). 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.

	GMEU	LULG	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	—	—
Sortino ratio: Return per unit of downside risk	-0.88	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.85	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

GMEU vs. LULG - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.76%, roughly equal to the maximum LULG drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for GMEU and LULG.

Drawdown Indicators

	GMEU	LULG	Difference
Max Drawdown Largest peak-to-trough decline	-80.76%	-79.88%	-0.88%
Max Drawdown (1Y) Largest decline over 1 year	-58.94%	—	—
Current Drawdown Current decline from peak	-80.76%	-77.35%	-3.41%
Average Drawdown Average peak-to-trough decline	-63.80%	-37.21%	-26.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.17%	—	—

Volatility

Volatility by Period

	GMEU	LULG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	55.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.14%	88.29%	-17.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.98%	88.29%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.98%	88.29%	-0.31%

GMEU vs. LULG - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than LULG's 0.75% expense ratio.

Dividends

GMEU vs. LULG - Dividend Comparison

Neither GMEU nor LULG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GMEU and LULG in my portfolio?

GMEU and LULG have a correlation of 0.25, 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 LULG?

On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMEU or LULG?

LULG is cheaper with a 0.75% expense ratio, compared with 1.50% for GMEU.

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

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

What is the main difference between GMEU and LULG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for GMEU and 0.75% for LULG.