ZETX vs. GEVG
ZETX (Defiance Daily Target 2X Long ZETA ETF) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. ZETX charges 1.31%/yr vs 0.75%/yr for GEVG.
Performance
ZETX vs. GEVG - Performance Comparison
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Returns By Period
ZETX
- 1D
- -1.47%
- 1M
- 20.66%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GEVG
- 1D
- 0.33%
- 1M
- -9.04%
- 6M
- 108.29%
- YTD
- 124.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ZETX vs. GEVG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZETX Defiance Daily Target 2X Long ZETA ETF | 14.36% |
GEVG Leverage Shares 2X Long GEV Daily ETF | 62.66% |
Correlation
The correlation between ZETX and GEVG is -0.04, 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 Feb 4, 2026 | -0.04 |
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Return for Risk
ZETX vs. GEVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ZETA ETF (ZETX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
ZETX vs. GEVG - Drawdown Comparison
The maximum ZETX drawdown since its inception was -52.42%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for ZETX and GEVG.
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Drawdown Indicators
| ZETX | GEVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -45.50% | -6.92% |
Current DrawdownCurrent decline from peak | -35.13% | -19.56% | -15.57% |
Average DrawdownAverage peak-to-trough decline | -23.67% | -12.19% | -11.48% |
Volatility
ZETX vs. GEVG - Volatility Comparison
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Volatility by Period
| ZETX | GEVG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 136.94% | 101.79% | +35.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.94% | 101.79% | +35.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.94% | 101.79% | +35.15% |
ZETX vs. GEVG - Expense Ratio Comparison
ZETX has a 1.31% expense ratio, which is higher than GEVG's 0.75% expense ratio.
Dividends
ZETX vs. GEVG - Dividend Comparison
Neither ZETX nor GEVG has paid dividends to shareholders.
Frequently Asked Questions
ZETX and GEVG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GEVG is cheaper with a 0.75% expense ratio, compared with 1.31% for ZETX.
ZETX and GEVG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for ZETX and 0.75% for GEVG.
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