Leverage Shares 2X Long NU Daily ETF (NUG) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NUG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NUG
NUG charges 0.75% annually. There are 3 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | NUG vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | NUG vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | NUG vs SPUU | |
| Leverage Shares 2X Long TSLA Daily ETF | 0.75% | — | Dec 2024 | NUG vs TSLG | |
| Leverage Shares 2X Long NIO Daily ETF | 0.75% | — | Dec 2025 | NUG vs NIOG |
Best Risk-Adjusted Alternatives to NUG
Among 261 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | NUG vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | NUG vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | NUG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | NUG vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 97 | 509.42M | Feb 2025 | NUG vs INTW |
Top Performing NUG Alternatives (YTD)
NUG is at -42.23% YTD. There are 283 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 770.75%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 770.75% | 162.40M | Feb 2025 | NUG vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 642.75% | 6.16B | Oct 2024 | NUG vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 619.42% | 923.53M | Nov 2024 | NUG vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 464.60% | 101.49M | Nov 2025 | NUG vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 463.06% | 509.42M | Feb 2025 | NUG vs INTW |
Lowest Volatility Alternatives to NUG
NUG has 79.71% 1-year volatility. There are 221 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.76% | 22.82M | Apr 2021 | NUG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.17% | 20.50M | Apr 2021 | NUG vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.36% | 13.45M | Jul 2021 | NUG vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.35% | 20.95M | Jul 2021 | NUG vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.53% | 69.49M | Apr 2021 | NUG vs XDSQ |
Lowest Drawdown Alternatives to NUG
Among 267 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | NUG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | NUG vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | NUG vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | NUG vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | NUG vs XDSQ |
Other ETFs from Leverage Shares
The 10 most viewed Leverage Shares ETFs shown here include AMDG, TSMG, NVDG and span 1 categories. AUM among these funds goes as high as $118M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | Leveraged Equities | 96 | 376.84% | 41.64M | Jan 2025 | NUG vs AMDG | |
| Leverage Shares 2X Long TSM Daily ETF | Leveraged Equities | 82 | 75.16% | 32.98M | Jan 2025 | NUG vs TSMG | |
| Leverage Shares 2X Long NVDA Daily ETF | Leveraged Equities | 20 | 11.81% | — | Dec 2024 | NUG vs NVDG | |
| Leverage Shares 2X Long ARM Daily ETF | Leveraged Equities | 48 | 460.53% | 101.28M | Jan 2025 | NUG vs ARMG | |
| Leverage Shares 2X Long HOOD Daily ETF | Leveraged Equities | 10 | -32.04% | 82.29M | Mar 2025 | NUG vs HOOG | |
| Leverage Shares 2X Long NBIS Daily ETF | Leveraged Equities | — | 262.28% | 117.50M | Oct 2025 | NUG vs NBIG | |
| Leverage Shares 2X Long BMNR Daily ETF | Leveraged Equities | — | -82.31% | 25.41M | Oct 2025 | NUG vs BMNG | |
| Leverage Shares 2X Long TER Daily ETF | Leveraged Equities | — | 120.79% | 7.81M | Nov 2025 | NUG vs TERG | |
| Leverage Shares 2X Long ASML Daily ETF | Leveraged Equities | 89 | 131.65% | 45.00M | Jan 2025 | NUG vs ASMG | |
| Leverage Shares 2X Long ADBE Daily ETF | Leveraged Equities | 1 | -65.46% | 47.88M | Mar 2025 | NUG vs ADBG |
Often Compared With NUG
Investors most often compare NUG with FUTG, ELIL, GLXU. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare NUG with Any Fund or Stock
Compare NUG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NUG with funds that move differently
Leverage Shares 2X Long NU Daily ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NUG.
Explore NUG Diversifiers