Data as of .
GEVC vs GEVX: which held to its multiple?
Over the days both have traded, GEVC finished 1.3 points from its stated multiple and GEVX 0.9.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| GEVC | GEVX | GEVC | GEVX | GEVC | GEVX | |
| 1 month | −17.2% | −16.8% | −15.9% | −15.9% | −1.3 pts | −0.9 pts |
| 3 months | not published | −5.9% | not published | +3.6% | not published | −9.6 pts |
| 6 months | not published | +19.2% | not published | +38.1% | not published | −18.9 pts |
| 1 year | not published | +63.4% | not published | +102.6% | not published | −39.1 pts |
| Since launch | −28.1% | +113.2% | −24.6% | +156.1% | −3.5 pts | −42.9 pts |
| GEVC Corgi GEV 2x Daily ETF Aims to return twice the daily move of GEV | GEVX Tradr 2X Long GEV Daily ETF Aims to return twice the daily move of GEV | |
|---|---|---|
| Issuer | Corgi | Tradr |
| Sets out to return | +2x | +2x |
| On | GEV | GEV |
| Segment | company | company |
| Fund returned, 3 months | −17.2% | −5.9% |
| Underlying returned, 3 months | −8.0% | +1.8% |
| What the stated multiple implies, 3 months | −15.9% | +3.6% |
| Difference from stated, 3 months | −1.3 pts | −9.6 pts |
| Fund returned, 1 year or since launch | −28.1% | +63.4% |
| Difference from stated, over that window | −3.5 pts | −39.1 pts |
| Underlying volatility | 41% | 56% |
| Difference over the days both have traded | −1.3 pts | −0.9 pts |
| Expense ratio | not published | 1.30% |
| Launched | Jul 10, 2026 | Jul 11, 2025 |
GEVC in plain words
One month to Sep 11, 2026: GEVC returned −17.2% where its own daily promise gave −16.5%, 0.7 points short. Read the multiple against the whole window instead and +2 times GEV's −8.0% implies −15.9%, which makes GEVC look 1.3 points short. 0.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GEVC aims to return +2 times GEV's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. GEV moved at 41% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
GEVX in plain words
Three months to Sep 11, 2026: GEVX returned −5.9% where its own daily promise gave −4.2%, 1.7 points short. Read the multiple against the whole window instead and +2 times GEV's 1.8% implies +3.6%, which makes GEVX look 9.6 points short. 7.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GEVX aims to return +2 times GEV's move each day, then resets. GEV moved at 56% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, GEVC or GEVX?
- Over the window to Sep 11, 2026, GEVC finished 1.3 points from what its multiple implies and GEVX finished 9.6 points from its own, so GEVC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are GEVC and GEVX levered on the same thing?
- Yes. Both are levered on GEV, GEVC at +2 times and GEVX at +2 times the daily move.
- Which one decays faster, GEVC or GEVX?
- Decay follows how much the underlying moves about. Over this window GEVC’s moved at 41% annualized and GEVX’s at 56%, so GEVX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold GEVC or GEVX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GEVC against GEVX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/GEVC-GEVX Free to use with attribution; the underlying files are at Open data.