UPSG vs. GEVX

Last updated Jun 4, 2026

UPSG (Leverage Shares 2X Long UPS Daily ETF) and GEVX (Tradr 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. UPSG charges 0.75%/yr vs 1.30%/yr for GEVX.

Performance

UPSG vs. GEVX - Performance Comparison

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

Returns By Period

In the year-to-date period, UPSG achieves a 16.33% return, which is significantly lower than GEVX's 92.64% return.

UPSG

• 1D: -0.13%
• 1M: 30.08%
• YTD: 16.33%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVX

• 1D: -2.13%
• 1M: -22.21%
• YTD: 92.64%
• 6M: 116.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPSG vs. GEVX - Yearly Performance Comparison

	2026 (YTD)	2025
UPSG Leverage Shares 2X Long UPS Daily ETF	16.33%	-2.59%
GEVX Tradr 2X Long GEV Daily ETF	92.64%	-16.20%

Correlation

The correlation between UPSG and GEVX is 0.07, 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 12, 2025	0.07

Return for Risk

UPSG vs. GEVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long UPS Daily ETF (UPSG) 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

	UPSG	GEVX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	1.64	-1.12

Drawdowns

UPSG vs. GEVX - Drawdown Comparison

The maximum UPSG drawdown since its inception was -37.29%, roughly equal to the maximum GEVX drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for UPSG and GEVX.

Drawdown Indicators

	UPSG	GEVX	Difference
Max Drawdown Largest peak-to-trough decline	-37.29%	-36.42%	-0.87%
Current Drawdown Current decline from peak	-18.43%	-32.14%	+13.71%
Average Drawdown Average peak-to-trough decline	-16.93%	-14.29%	-2.64%

Volatility

Volatility by Period

	UPSG	GEVX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.91%	100.66%	-41.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	100.66%	-41.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.91%	100.66%	-41.75%

UPSG vs. GEVX - Expense Ratio Comparison

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

Dividends

UPSG vs. GEVX - Dividend Comparison

Neither UPSG nor GEVX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPSG and GEVX in my portfolio?

UPSG and GEVX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPSG or GEVX?

On fees, UPSG 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, UPSG or GEVX?

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

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

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

What is the main difference between UPSG and GEVX?

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