RXL vs. GEVG

Last updated Jun 24, 2026

RXL (ProShares Ultra Health Care) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. RXL is passively managed, while GEVG is actively managed. At a 0.11 correlation, their price movements are largely independent. RXL charges 0.95%/yr vs 0.75%/yr for GEVG.

Performance

RXL vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Health Care (RXL) 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, RXL achieves a -5.37% return, which is significantly lower than GEVG's 112.16% return.

RXL

• 1D: 2.50%
• 1M: 3.01%
• YTD: -5.37%
• 6M: -5.67%
• 1Y: 26.56%
• 3Y*: 4.63%
• 5Y*: 1.95%
• 10Y*: 13.05%

GEVG

• 1D: -16.17%
• 1M: -5.00%
• YTD: 112.16%
• 6M: 107.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RXL vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
RXL ProShares Ultra Health Care	-5.37%	-1.27%
GEVG Leverage Shares 2X Long GEV Daily ETF	112.16%	-11.27%

Correlation

The correlation between RXL and GEVG is 0.11, 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 Dec 16, 2025	0.11

Return for Risk

RXL vs. GEVG — Risk / Return Rank

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

RXL

RXL Risk / Return Rank: 26
RXL Sharpe Ratio Rank: 26
RXL Sortino Ratio Rank: 28
RXL Omega Ratio Rank: 24
RXL Calmar Ratio Rank: 27
RXL Martin Ratio Rank: 24

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.

RXL vs. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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.

	RXL	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	0.88	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.25	—	—
Martin ratio: Return relative to average drawdown	2.85	—	—

Drawdowns

RXL vs. GEVG - Drawdown Comparison

The maximum RXL drawdown since its inception was -67.70%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for RXL and GEVG.

Drawdown Indicators

	RXL	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-67.70%	-45.50%	-22.20%
Max Drawdown (1Y) Largest decline over 1 year	-21.33%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.00%	—	—
Current Drawdown Current decline from peak	-14.00%	-24.03%	+10.03%
Average Drawdown Average peak-to-trough decline	-15.85%	-11.33%	-4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.33%	—	—

Volatility

Volatility by Period

	RXL	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.42%	101.04%	-70.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.76%	101.04%	-71.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.28%	101.04%	-67.76%

RXL vs. GEVG - Expense Ratio Comparison

RXL has a 0.95% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

RXL vs. GEVG - Dividend Comparison

RXL's dividend yield for the trailing twelve months is around 1.54%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RXL ProShares Ultra Health Care	1.54%	1.43%	1.22%	0.18%	0.32%	0.10%	0.15%	0.27%	0.32%	0.11%	0.12%	0.93%

Frequently Asked Questions

Can I hold both RXL and GEVG in my portfolio?

RXL and GEVG 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 ETF is better, RXL 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, RXL or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 0.95% for RXL.

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

RXL has the higher dividend yield at 1.54%, compared with 0.00% for GEVG.

What is the main difference between RXL and GEVG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for RXL and 0.75% for GEVG.