GMEU vs. SGOV

Last updated Jun 26, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - GMEU is a Leveraged Equities fund actively managed by T-Rex, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. GMEU is actively managed, while SGOV is passively managed. Over the past year, GMEU returned -49.83% vs 3.92% for SGOV. At a correlation of -0.07, they often move in opposite directions. GMEU charges 1.50%/yr vs 0.09%/yr for SGOV.

Performance

GMEU vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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 lower than SGOV's 1.73% return.

GMEU

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

SGOV

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.73%
• 6M: 1.80%
• 1Y: 3.92%
• 3Y*: 4.69%
• 5Y*: 3.58%
• 10Y*: —

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

GMEU vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-13.20%	-65.67%
SGOV iShares 0-3 Month Treasury Bond ETF	1.73%	2.85%

Correlation

The correlation between GMEU and SGOV 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 29, 2025	-0.07

Return for Risk

GMEU vs. SGOV — 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

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

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. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	20.32	-21.03
Sortino ratio: Return per unit of downside risk	-0.88	273.56	-274.44
Omega ratio: Gain probability vs. loss probability	0.90	194.05	-193.15
Calmar ratio: Return relative to maximum drawdown	-0.85	395.07	-395.92
Martin ratio: Return relative to average drawdown	-1.34	4,426.92	-4,428.27

GMEU vs. SGOV - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.70, which is lower than the SGOV Sharpe Ratio of 20.32. The chart below compares the historical Sharpe Ratios of GMEU and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMEU vs. SGOV - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.76%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for GMEU and SGOV.

Drawdown Indicators

	GMEU	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-80.76%	-0.03%	-80.73%
Max Drawdown (1Y) Largest decline over 1 year	-58.94%	-0.01%	-58.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-80.76%	0.00%	-80.76%
Average Drawdown Average peak-to-trough decline	-63.80%	-0.00%	-63.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.17%	0.00%	+37.17%

Volatility

GMEU vs. SGOV - Volatility Comparison

T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 17.85% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that GMEU's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMEU	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.85%	0.04%	+17.81%
Volatility (6M) Calculated over the trailing 6-month period	55.54%	0.12%	+55.42%
Volatility (1Y) Calculated over the trailing 1-year period	71.14%	0.19%	+70.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.98%	0.24%	+87.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.98%	0.24%	+87.74%

GMEU vs. SGOV - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

GMEU vs. SGOV - Dividend Comparison

GMEU has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.85%.

Position	TTM	2025	2024	2023	2022	2021	2020
GMEU T-Rex 2X Long GME Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.85%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both GMEU and SGOV in my portfolio?

GMEU and SGOV 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 SGOV?

GMEU has higher volatility (17.85%) compared to SGOV (0.04%). In terms of maximum drawdown, GMEU dropped -80.76% vs SGOV's -0.03%.

Which ETF is better, GMEU or SGOV?

On 1-year performance, SGOV leads with 3.92% vs -49.83% for GMEU. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or SGOV?

Over the 1-year period, SGOV has performed better with a 3.92% return vs -49.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 1.50% for GMEU.

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

SGOV has the higher dividend yield at 3.85%, compared with 0.00% for GMEU.

What is the main difference between GMEU and SGOV?

GMEU is categorized as Leveraged Equities, while SGOV is Ultrashort Bond. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.50% for GMEU and 0.09% for SGOV.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.32 vs -0.70), 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.