GEVC vs GEVG: which held to its multiple?

Over the days both have traded, GEVC finished 2.2 points from its stated multiple and GEVG 3.0. Corgi GEV 2x Daily ETF and Leverage Shares 2X Long GEV Daily ETF.

−30.3%
GEVC returned, since launch
−36.1%
GEVG returned, 3 months
−4.5 pts
GEVC from its stated multiple
−3.6 pts
GEVG from its stated multiple
GEVC · 1 month to Sep 30, 20262.2 pts short of its stated multiple
2.2 pts short of its stated multipleGEVC returned +9.3% while 2 times GEV's move would have been +11.6%GEV +5.8% ×2 implies+11.6%GEVC returned+9.3%2.2 pts short of its stated multipleGEVC returned +9.3% while 2 times GEV's move would have been +11.6%GEV +5.8% ×2 implies+11.6%GEVC returned+9.3%

GEVC returned +9.3% while 2 times GEV's move would have been +11.6%

GEVG · 3 months to Sep 30, 20263.6 pts short of its stated multiple
3.6 pts short of its stated multipleGEVG returned −36.1% while 2 times GEV's move would have been −32.4%GEV −16.2% ×2 implies−32.4%GEVG returned−36.1%3.6 pts short of its stated multipleGEVG returned −36.1% while 2 times GEV's move would have been −32.4%GEV −16.2% ×2 implies−32.4%GEVG returned−36.1%

GEVG returned −36.1% while 2 times GEV's move would have been −32.4%

Performance, window by window

Total returnMultiple would giveDifference
WindowGEVCGEVGGEVCGEVGGEVCGEVG
1 month+9.3%+8.6%+11.6%+11.6%−2.2 pts−3.0 pts
3 monthsnot published−36.1%not published−32.4%not published−3.6 pts
6 monthsnot published−7.3%not published+12.6%not published−19.9 pts
Since launch
GEVC Jul 2026 · GEVG Dec 2025
−30.3%+43.0%−25.8%+77.5%−4.5 pts−34.5 pts

GEVC and GEVG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

GEVC
Corgi GEV 2x Daily ETF · Aims to return twice the daily move of GE Vernova (GEV)
GEVG
Leverage Shares 2X Long GEV Daily ETF · Aims to return twice the daily move of GE Vernova (GEV)
Issuer Corgi Leverage Shares
Sets out to return +2x +2x
Underlying asset GEV GEV
Segment company company
Fund returned, 3 months or since launch +9.3% −36.1%
Underlying returned, over that window +5.8% −16.2%
What the stated multiple implies, over that window +11.6% −32.4%
Difference from stated, over that window −2.2 pts −3.6 pts
Fund returned, 1 year or since launch −30.3% +43.0%
Difference from stated, over that window −4.5 pts −34.5 pts
Underlying volatility 42% 49%
Difference over the days both have traded −2.2 pts −3.0 pts
Expense ratio 0.45% 0.75%
Launched Jul 10, 2026 Dec 16, 2025
Net assets $270,248 $12m

GEVC and GEVG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

GEVC in plain words

One month to Sep 30, 2026: GEVC returned +9.3% where its own daily promise gave +10.1%, 0.8 points short. Read the multiple against the whole window instead and 2 times GEV's 5.8% implies +11.6%, which makes GEVC look 2.2 points short. 1.5 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 42% 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.

GEVG in plain words

Three months to Sep 30, 2026: GEVG returned −36.1% where its own daily promise gave −34.1%, 1.9 points short. Read the multiple against the whole window instead and 2 times GEV's −16.2% implies −32.4%, which makes GEVG look 3.6 points short. 1.7 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. GEVG aims to return +2 times GEV's move each day, then resets. GEV moved at 49% annualized over that window.

Questions people ask

Which came closer to its stated multiple, GEVC or GEVG?
Over the window to Sep 30, 2026, GEVC finished 2.2 points from what its multiple implies and GEVG finished 3.6 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 GEVG levered on the same thing?
Yes. Both are levered on GE Vernova, GEVC at +2 times and GEVG at +2 times the daily move.
Which one decays faster, GEVC or GEVG?
Decay follows how much the underlying moves about. Over this window GEVC’s moved at 42% annualized and GEVG’s at 49%, so GEVG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold GEVC or GEVG 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.
Which is cheaper, GEVC or GEVG?
GEVC charges 0.45% a year and GEVG charges 0.75%, so GEVC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, GEVC against GEVG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/gevc-vs-gevg

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.