PALU vs. GEVG

Last updated Jul 17, 2026

PALU (Direxion Daily PANW Bull 2X Shares) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.00 correlation, their price movements are largely independent. PALU charges 1.08%/yr vs 0.75%/yr for GEVG.

Performance

PALU vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PANW Bull 2X Shares (PALU) and Leverage Shares 2X Long GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PALU achieves a 206.97% return, which is significantly higher than GEVG's 106.82% return.

PALU

• 1D: -0.26%
• 1M: 54.64%
• 6M: 197.50%
• YTD: 206.97%
• 1Y: 155.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -4.06%
• 1M: 5.90%
• 6M: 117.21%
• YTD: 106.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PALU vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
PALU Direxion Daily PANW Bull 2X Shares	206.97%	-2.50%
GEVG Leverage Shares 2X Long GEV Daily ETF	106.82%	-11.27%

Correlation

The correlation between PALU and GEVG is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.00

Return for Risk

PALU vs. GEVG — Risk / Return Rank

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

PALU

PALU Risk / Return Rank: 60
PALU Sharpe Ratio Rank: 73
PALU Sortino Ratio Rank: 62
PALU Omega Ratio Rank: 63
PALU Calmar Ratio Rank: 63
PALU Martin Ratio Rank: 40

GEVG

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.

PALU vs. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PANW Bull 2X Shares (PALU) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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.

	PALU	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	5.06	—	—

Drawdowns

PALU vs. GEVG - Drawdown Comparison

The maximum PALU drawdown since its inception was -62.18%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for PALU and GEVG.

Drawdown Indicators

	PALU	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-62.18%	-45.50%	-16.68%
Max Drawdown (1Y) Largest decline over 1 year	-62.18%	—	—
Current Drawdown Current decline from peak	-3.81%	-25.95%	+22.14%
Average Drawdown Average peak-to-trough decline	-21.35%	-12.01%	-9.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.87%	—	—

Volatility

Volatility by Period

	PALU	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	71.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	83.11%	102.65%	-19.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.10%	102.65%	-18.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.10%	102.65%	-18.55%

PALU vs. GEVG - Expense Ratio Comparison

PALU has a 1.08% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

PALU vs. GEVG - Dividend Comparison

PALU's dividend yield for the trailing twelve months is around 3.55%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%
PALU Direxion Daily PANW Bull 2X Shares	3.55%	10.50%

Frequently Asked Questions

Can I hold both PALU and GEVG in my portfolio?

PALU and GEVG have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PALU or GEVG?

On fees, GEVG 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, PALU or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 1.08% for PALU.

Which ETF pays a higher dividend yield, PALU or GEVG?

PALU has the higher dividend yield at 3.55%, compared with 0.00% for GEVG.

What is the main difference between PALU and GEVG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.08% for PALU and 0.75% for GEVG.