ISUL vs. GEMG

Last updated Jun 24, 2026

ISUL (GraniteShares 2X Long ISRG Daily ETF) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. ISUL charges 1.50%/yr vs 0.75%/yr for GEMG.

Performance

ISUL vs. GEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2X Long ISRG Daily ETF (ISUL) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISUL achieves a -53.48% return, which is significantly higher than GEMG's -89.02% return.

ISUL

• 1D: 0.40%
• 1M: -16.80%
• YTD: -53.48%
• 6M: -55.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEMG

• 1D: -6.14%
• 1M: -33.52%
• YTD: -89.02%
• 6M: -91.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISUL vs. GEMG - Yearly Performance Comparison

	2026 (YTD)	2025
ISUL GraniteShares 2X Long ISRG Daily ETF	-53.48%	8.38%
GEMG Leverage Shares 2X Long GEMI Daily ETF	-89.02%	-71.91%

Correlation

The correlation between ISUL and GEMG is 0.10, 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	0.10

Return for Risk

ISUL vs. GEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long ISRG Daily ETF (ISUL) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). 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.

Drawdowns

ISUL vs. GEMG - Drawdown Comparison

The maximum ISUL drawdown since its inception was -57.53%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for ISUL and GEMG.

Drawdown Indicators

	ISUL	GEMG	Difference
Max Drawdown Largest peak-to-trough decline	-57.53%	-97.26%	+39.73%
Current Drawdown Current decline from peak	-57.36%	-97.10%	+39.74%
Average Drawdown Average peak-to-trough decline	-26.23%	-81.17%	+54.94%

Volatility

Volatility by Period

	ISUL	GEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	65.78%	219.33%	-153.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.78%	219.33%	-153.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.78%	219.33%	-153.55%

ISUL vs. GEMG - Expense Ratio Comparison

ISUL has a 1.50% expense ratio, which is higher than GEMG's 0.75% expense ratio.

Dividends

ISUL vs. GEMG - Dividend Comparison

Neither ISUL nor GEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ISUL and GEMG in my portfolio?

ISUL and GEMG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISUL or GEMG?

On fees, GEMG 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, ISUL or GEMG?

GEMG is cheaper with a 0.75% expense ratio, compared with 1.50% for ISUL.

Which ETF pays a higher dividend yield, ISUL or GEMG?

ISUL and GEMG have nearly identical dividend yields, around 0.00%.

What is the main difference between ISUL and GEMG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for ISUL and 0.75% for GEMG.