ADBG vs. NBIL

Last updated Jul 14, 2026

ADBG (Leverage Shares 2X Long ADBE Daily ETF) and NBIL (GraniteShares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.12, they often move in opposite directions. ADBG charges 0.75%/yr vs 1.50%/yr for NBIL.

Performance

ADBG vs. NBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ADBE Daily ETF (ADBG) and GraniteShares 2X Long NBIS Daily ETF (NBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADBG achieves a -63.31% return, which is significantly lower than NBIL's 241.91% return.

ADBG

• 1D: 6.23%
• 1M: 25.00%
• 6M: -57.82%
• YTD: -63.31%
• 1Y: -69.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBIL

• 1D: -8.26%
• 1M: -26.64%
• 6M: 113.03%
• YTD: 241.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADBG vs. NBIL - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-63.31%	-4.72%
NBIL GraniteShares 2X Long NBIS Daily ETF	241.91%	-65.28%

Correlation

The correlation between ADBG and NBIL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	-0.12

Return for Risk

ADBG vs. NBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADBG

ADBG Risk / Return Rank: 1
ADBG Sharpe Ratio Rank: 2
ADBG Sortino Ratio Rank: 1
ADBG Omega Ratio Rank: 1
ADBG Calmar Ratio Rank: 2
ADBG Martin Ratio Rank: 1

NBIL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADBG vs. NBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ADBE Daily ETF (ADBG) and GraniteShares 2X Long NBIS Daily ETF (NBIL). 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.

	ADBG	NBIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	—	—
Sortino ratio: Return per unit of downside risk	-1.70	—	—
Omega ratio: Gain probability vs. loss probability	0.80	—	—
Calmar ratio: Return relative to maximum drawdown	-0.88	—	—
Martin ratio: Return relative to average drawdown	-1.51	—	—

Drawdowns

ADBG vs. NBIL - Drawdown Comparison

The maximum ADBG drawdown since its inception was -84.14%, which is greater than NBIL's maximum drawdown of -77.87%. Use the drawdown chart below to compare losses from any high point for ADBG and NBIL.

Drawdown Indicators

	ADBG	NBIL	Difference
Max Drawdown Largest peak-to-trough decline	-84.14%	-77.87%	-6.27%
Max Drawdown (1Y) Largest decline over 1 year	-78.97%	—	—
Current Drawdown Current decline from peak	-77.72%	-51.04%	-26.68%
Average Drawdown Average peak-to-trough decline	-44.55%	-42.36%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.66%	—	—

Volatility

Volatility by Period

	ADBG	NBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	61.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	70.76%	201.71%	-130.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.07%	201.71%	-132.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.07%	201.71%	-132.64%

ADBG vs. NBIL - Expense Ratio Comparison

ADBG has a 0.75% expense ratio, which is lower than NBIL's 1.50% expense ratio.

Dividends

ADBG vs. NBIL - Dividend Comparison

Neither ADBG nor NBIL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ADBG and NBIL in my portfolio?

ADBG and NBIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADBG or NBIL?

On fees, ADBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADBG or NBIL?

ADBG is cheaper with a 0.75% expense ratio, compared with 1.50% for NBIL.

Which ETF pays a higher dividend yield, ADBG or NBIL?

ADBG and NBIL have nearly identical dividend yields, around 0.00%.

What is the main difference between ADBG and NBIL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for ADBG and 1.50% for NBIL.