Skip to content
etf.net

GEVG

GradeBNASDAQ Global Market

Leverage Shares 2x Long GEV Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-12-16 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$21.60−0.29 (−1.33%)

As of Sep 23, 2026, 2:16 PM EDT

History starts Dec 16, 2025.History starts Dec 16, 2025.
Intraday session: down, 37 prints from 21.89 to 21.60. Range 21.18 to 22.00. Use the arrow keys to read each point.$21.20$21.40$21.80$22.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$12M
1Y return
—
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0.1M sh
NAV per share
$21.68
52W range
low $12.07high $39.74

The ETF.net GEVG Grade

B

65/ 100

Rank 16 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for GEVG. Scores out of 100: Cost 67, Risk 73, Mission 79, Tradability 60, Holdings not scored, Durability 51. Strongest: Mission (79). Weakest: Durability (51). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank124/380 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 79
    Category rank127/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 73
    Category rank45/285 · top 16%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 60
    Category rank131/380 · top 34%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 51
    Category rank188/380 · top 49%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on GEVG

ETF.net Research

BOne stock, double the daily speed. GEVG aims to deliver 200% of GE Vernova's daily move before fees, resets the clock every night, and does it at 0.75% a year, undercutting most leveraged single-stock funds.

Stated mandate

The fund seeks 200% of GE Vernova Inc.'s daily stock performance, before fees and expenses, for short-term leveraged bullish exposure.

Why people hold it

  1. 010.75% a year, against the 0.96% Direxion charges on comparable 2x single-stock funds like GGLL and AAPU. On a product built for short holds, fee drag is one of the few knobs the issuer controls.leverageshares.com
  2. 022x, not 3x. The lower multiple means daily swings and the compounding drift that comes with nightly resets land with less force than on triple-leveraged single-stock products.
  3. 03The mandate is one line: 200% of GE Vernova's daily return. No index, no basket, no manager discretion, and one of the tighter implementations in a crowded leveraged single-stock field.leverageshares.com

Worth knowing

  1. 01The 200% target applies to a single trading day. Hold longer and each day's gain or loss compounds off a new base, so multi-day results can diverge from twice GEV's move, especially in choppy markets.
  2. 02Launched in December 2025, so the record is short and there is little history to judge the fund's behavior across different market conditions.
  3. 03Zero diversification by design: one company's earnings, orders and headlines drive the whole position, magnified twofold in both directions.

GEVG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
4
Top-10 weight
211%
Largest holding
GE VERNOVA SWAP CS160.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—GE VERNOVA SWAP CS160.29%19,112$18M1
002—GE VERNOVA SWAP CF36.25%4,322$4M1
003—First American Treasury Obligations Fund 01/01/204010.69%1,219,447$1M147
004—GE VERNOVA SWAP MAR3.44%410$392K1

Showing 1–4 of 4 holdings

GEVG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GEVG$16,192
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. GEVG $16,192. SPY $11,430. Use the arrow keys to read each point.$7,702$18,569$29,435Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GEVG. Periods over one year show the average yearly return.
PeriodGEVG
Year to date+61.9%
1 month−4.1%
3 months−36.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GEVG
YearReturn barGEVG
2026 YTD+61.9%
2025−11.1%

Since listing, Dec 16, 2025

GEVG in the news

ETF.net Research hasn’t filed on GEVG yet — coverage lands here as it’s written.

GEVG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Dec 2025. No distributions yet.

GEVG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.60
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GEVG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

85 of the 329 Single-Stock Long Leveraged funds charge less.

GEVG costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.