UPSX vs. GEVX

Last updated Jun 24, 2026

UPSX (Tradr 2X Long UPST Daily ETF) and GEVX (Tradr 2X Long GEV Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

UPSX vs. GEVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long UPST Daily ETF (UPSX) 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, UPSX achieves a -63.13% return, which is significantly lower than GEVX's 116.94% return.

UPSX

• 1D: 0.61%
• 1M: 14.06%
• YTD: -63.13%
• 6M: -70.79%
• 1Y: -85.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVX

• 1D: -16.60%
• 1M: -4.54%
• YTD: 116.94%
• 6M: 110.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPSX vs. GEVX - Yearly Performance Comparison

	2026 (YTD)	2025
UPSX Tradr 2X Long UPST Daily ETF	-63.13%	-77.95%
GEVX Tradr 2X Long GEV Daily ETF	116.94%	23.96%

Correlation

The correlation between UPSX and GEVX is 0.22, 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 Jul 11, 2025	0.22

Return for Risk

UPSX vs. GEVX — Risk / Return Rank

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

UPSX

UPSX Risk / Return Rank: 3
UPSX Sharpe Ratio Rank: 4
UPSX Sortino Ratio Rank: 4
UPSX Omega Ratio Rank: 4
UPSX Calmar Ratio Rank: 1
UPSX Martin Ratio Rank: 4

GEVX

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.

UPSX vs. GEVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long UPST Daily ETF (UPSX) 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.

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.

	UPSX	GEVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	—	—
Sortino ratio: Return per unit of downside risk	-0.88	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.90	—	—
Martin ratio: Return relative to average drawdown	-1.14	—	—

Drawdowns

UPSX vs. GEVX - Drawdown Comparison

The maximum UPSX drawdown since its inception was -95.01%, which is greater than GEVX's maximum drawdown of -45.03%. Use the drawdown chart below to compare losses from any high point for UPSX and GEVX.

Drawdown Indicators

	UPSX	GEVX	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-45.03%	-49.98%
Max Drawdown (1Y) Largest decline over 1 year	-95.01%	—	—
Current Drawdown Current decline from peak	-92.74%	-23.58%	-69.16%
Average Drawdown Average peak-to-trough decline	-67.11%	-15.07%	-52.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.96%	—	—

Volatility

Volatility by Period

	UPSX	GEVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	102.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	140.34%	102.73%	+37.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.11%	102.73%	+38.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.11%	102.73%	+38.38%

UPSX vs. GEVX - Expense Ratio Comparison

Both UPSX and GEVX have an expense ratio of 1.30%.

Dividends

UPSX vs. GEVX - Dividend Comparison

Neither UPSX nor GEVX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPSX and GEVX in my portfolio?

UPSX and GEVX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPSX or GEVX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPSX or GEVX?

UPSX and GEVX have the same expense ratio: 1.30% per year.

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

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