APPX vs. NEMG

Last updated Jun 24, 2026

APPX (Tradr 2X Long APP Daily ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. APPX charges 1.30%/yr vs 0.75%/yr for NEMG.

Performance

APPX vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long APP Daily ETF (APPX) 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, APPX achieves a -68.41% return, which is significantly lower than NEMG's -20.44% return.

APPX

• 1D: -0.77%
• 1M: -10.55%
• YTD: -68.41%
• 6M: -73.04%
• 1Y: 0.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -7.98%
• 1M: -20.02%
• YTD: -20.44%
• 6M: -28.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APPX vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
APPX Tradr 2X Long APP Daily ETF	-68.41%	39.92%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between APPX and NEMG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.20

Return for Risk

APPX vs. NEMG — Risk / Return Rank

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

APPX

APPX Risk / Return Rank: 13
APPX Sharpe Ratio Rank: 9
APPX Sortino Ratio Rank: 20
APPX Omega Ratio Rank: 21
APPX Calmar Ratio Rank: 9
APPX Martin Ratio Rank: 9

NEMG

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.

APPX vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) 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.

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.

	APPX	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	0.01	—	—
Sortino ratio: Return per unit of downside risk	1.04	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.01	—	—
Martin ratio: Return relative to average drawdown	0.02	—	—

Drawdowns

APPX vs. NEMG - Drawdown Comparison

The maximum APPX drawdown since its inception was -82.40%, which is greater than NEMG's maximum drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for APPX and NEMG.

Drawdown Indicators

	APPX	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-82.40%	-57.56%	-24.84%
Max Drawdown (1Y) Largest decline over 1 year	-82.40%	—	—
Current Drawdown Current decline from peak	-75.43%	-53.44%	-21.99%
Average Drawdown Average peak-to-trough decline	-38.59%	-23.21%	-15.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.87%	—	—

Volatility

Volatility by Period

	APPX	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	122.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	141.33%	102.63%	+38.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.76%	102.63%	+37.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.76%	102.63%	+37.13%

APPX vs. NEMG - Expense Ratio Comparison

APPX has a 1.30% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

APPX vs. NEMG - Dividend Comparison

APPX's dividend yield for the trailing twelve months is around 29.69%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	29.69%	9.38%
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both APPX and NEMG in my portfolio?

APPX and NEMG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APPX 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, APPX or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.30% for APPX.

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

APPX has the higher dividend yield at 29.69%, compared with 0.00% for NEMG.

What is the main difference between APPX and NEMG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for APPX and 0.75% for NEMG.