ASMG vs. NIOG

Last updated Jun 21, 2026

ASMG (Leverage Shares 2X Long ASML Daily ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds from Leverage Shares. ASMG is actively managed, while NIOG is passively managed. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ASMG vs. NIOG - Performance Comparison

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

Returns By Period

In the year-to-date period, ASMG achieves a 176.84% return, which is significantly higher than NIOG's -21.16% return.

ASMG

• 1D: 6.31%
• 1M: 42.03%
• YTD: 176.84%
• 6M: 183.42%
• 1Y: 387.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -0.61%
• 1M: -22.63%
• YTD: -21.16%
• 6M: -18.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMG vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	176.84%	10.53%
NIOG Leverage Shares 2X Long NIO Daily ETF	-21.16%	3.25%

Correlation

The correlation between ASMG and NIOG is 0.27, 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 Dec 18, 2025	0.27

Return for Risk

ASMG vs. NIOG — Risk / Return Rank

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

ASMG

ASMG Risk / Return Rank: 91
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 86
ASMG Omega Ratio Rank: 80
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 95

NIOG

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.

ASMG vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ASML Daily ETF (ASMG) and Leverage Shares 2X Long NIO Daily ETF (NIOG). 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.

	ASMG	NIOG	Difference
Sharpe ratio: Return per unit of total volatility	4.48	—	—
Sortino ratio: Return per unit of downside risk	3.68	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	11.16	—	—
Martin ratio: Return relative to average drawdown	27.75	—	—

Drawdowns

ASMG vs. NIOG - Drawdown Comparison

The maximum ASMG drawdown since its inception was -43.95%, smaller than the maximum NIOG drawdown of -50.60%. Use the drawdown chart below to compare losses from any high point for ASMG and NIOG.

Drawdown Indicators

	ASMG	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-50.60%	+6.65%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	—	—
Current Drawdown Current decline from peak	0.00%	-50.60%	+50.60%
Average Drawdown Average peak-to-trough decline	-12.95%	-21.81%	+8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.87%	—	—

Volatility

Volatility by Period

	ASMG	NIOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	69.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	86.06%	116.61%	-30.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.91%	116.61%	-29.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.91%	116.61%	-29.70%

ASMG vs. NIOG - Expense Ratio Comparison

Both ASMG and NIOG have an expense ratio of 0.75%.

Dividends

ASMG vs. NIOG - Dividend Comparison

ASMG's dividend yield for the trailing twelve months is around 4.05%, while NIOG has not paid dividends to shareholders.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.05%	11.20%
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASMG and NIOG in my portfolio?

ASMG and NIOG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASMG or NIOG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASMG or NIOG?

ASMG and NIOG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ASMG or NIOG?

ASMG has the higher dividend yield at 4.05%, compared with 0.00% for NIOG.