AFRU vs. NEMG

Last updated Jun 4, 2026

AFRU (T-REX 2X Long AFRM Daily Target ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. AFRU charges 1.50%/yr vs 0.75%/yr for NEMG.

Performance

AFRU vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long AFRM Daily Target ETF (AFRU) and Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFRU achieves a -38.11% return, which is significantly lower than NEMG's -0.97% return.

AFRU

• 1D: -13.32%
• 1M: -6.56%
• YTD: -38.11%
• 6M: -32.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -3.61%
• 1M: -3.20%
• YTD: -0.97%
• 6M: 20.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFRU vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
AFRU T-REX 2X Long AFRM Daily Target ETF	-38.11%	10.51%
NEMG Leverage Shares 2x Long NEM Daily ETF	-0.97%	27.79%

Correlation

The correlation between AFRU and NEMG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.07

Return for Risk

AFRU vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long AFRM Daily Target ETF (AFRU) and Leverage Shares 2x Long NEM Daily ETF (NEMG). 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.

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

Sharpe Ratios by Period

	AFRU	NEMG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	0.55	-1.18

Drawdowns

AFRU vs. NEMG - Drawdown Comparison

The maximum AFRU drawdown since its inception was -84.44%, which is greater than NEMG's maximum drawdown of -51.18%. Use the drawdown chart below to compare losses from any high point for AFRU and NEMG.

Drawdown Indicators

	AFRU	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-84.44%	-51.18%	-33.26%
Current Drawdown Current decline from peak	-65.60%	-42.05%	-23.55%
Average Drawdown Average peak-to-trough decline	-56.01%	-20.71%	-35.30%

Volatility

Volatility by Period

	AFRU	NEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	121.30%	100.36%	+20.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.30%	100.36%	+20.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.30%	100.36%	+20.94%

AFRU vs. NEMG - Expense Ratio Comparison

AFRU has a 1.50% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

AFRU vs. NEMG - Dividend Comparison

Neither AFRU nor NEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AFRU and NEMG in my portfolio?

AFRU and NEMG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFRU or NEMG?

On fees, NEMG 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, AFRU or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.50% for AFRU.

Which ETF pays a higher dividend yield, AFRU or NEMG?

AFRU and NEMG have nearly identical dividend yields, around 0.00%.

What is the main difference between AFRU and NEMG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for AFRU and 0.75% for NEMG.