PLUL vs. GEVX

Last updated Jun 5, 2026

PLUL (Leverage Shares 2X Long PLUG Daily ETF) and GEVX (Tradr 2X Long GEV Daily ETF) are both Leveraged Equities funds. PLUL is passively managed, while GEVX is actively managed. At a 0.31 correlation, their price movements are largely independent. PLUL charges 0.75%/yr vs 1.30%/yr for GEVX.

Performance

PLUL vs. GEVX - Performance Comparison

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

Returns By Period

PLUL

• 1D: -4.80%
• 1M: 7.96%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVX

• 1D: 0.30%
• 1M: -24.33%
• YTD: 93.22%
• 6M: 99.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLUL vs. GEVX - Yearly Performance Comparison

	2026 (YTD)
PLUL Leverage Shares 2X Long PLUG Daily ETF	68.04%
GEVX Tradr 2X Long GEV Daily ETF	94.67%

Correlation

The correlation between PLUL and GEVX is 0.31, 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 Jan 14, 2026	0.31

Return for Risk

PLUL vs. GEVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLUG Daily ETF (PLUL) and Tradr 2X Long GEV Daily ETF (GEVX). 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.

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

Sharpe Ratios by Period

	PLUL	GEVX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	1.65	-0.17

Drawdowns

PLUL vs. GEVX - Drawdown Comparison

The maximum PLUL drawdown since its inception was -55.44%, which is greater than GEVX's maximum drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for PLUL and GEVX.

Drawdown Indicators

	PLUL	GEVX	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-36.42%	-19.02%
Current Drawdown Current decline from peak	-25.44%	-31.93%	+6.49%
Average Drawdown Average peak-to-trough decline	-23.91%	-14.37%	-9.54%

Volatility

Volatility by Period

	PLUL	GEVX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	190.32%	100.44%	+89.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.32%	100.44%	+89.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.32%	100.44%	+89.88%

PLUL vs. GEVX - Expense Ratio Comparison

PLUL has a 0.75% expense ratio, which is lower than GEVX's 1.30% expense ratio.

Dividends

PLUL vs. GEVX - Dividend Comparison

Neither PLUL nor GEVX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLUL and GEVX in my portfolio?

PLUL and GEVX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLUL or GEVX?

On fees, PLUL 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, PLUL or GEVX?

PLUL is cheaper with a 0.75% expense ratio, compared with 1.30% for GEVX.

Which ETF pays a higher dividend yield, PLUL or GEVX?

PLUL and GEVX have nearly identical dividend yields, around 0.00%.

What is the main difference between PLUL and GEVX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for PLUL and 1.30% for GEVX.