AVGU vs. NEMG
AVGU (GraniteShares 2x Long AVGO Daily ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. AVGU charges 1.50%/yr vs 0.75%/yr for NEMG.
Performance
AVGU vs. NEMG - Performance Comparison
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Returns By Period
In the year-to-date period, AVGU achieves a 3.14% return, which is significantly higher than NEMG's -20.44% return.
AVGU
- 1D
- -6.67%
- 1M
- -20.58%
- YTD
- 3.14%
- 6M
- 0.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEMG
- 1D
- -7.98%
- 1M
- -20.02%
- YTD
- -20.44%
- 6M
- -28.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGU vs. NEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGU GraniteShares 2x Long AVGO Daily ETF | 3.14% | -2.99% |
NEMG Leverage Shares 2x Long NEM Daily ETF | -20.44% | 22.87% |
Correlation
The correlation between AVGU and NEMG 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 Nov 17, 2025 | 0.27 |
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Return for Risk
AVGU vs. NEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AVGO Daily ETF (AVGU) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
AVGU vs. NEMG - Drawdown Comparison
The maximum AVGU drawdown since its inception was -53.30%, smaller than the maximum NEMG drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for AVGU and NEMG.
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Drawdown Indicators
| AVGU | NEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -57.56% | +4.26% |
Current DrawdownCurrent decline from peak | -40.82% | -53.44% | +12.62% |
Average DrawdownAverage peak-to-trough decline | -20.72% | -23.21% | +2.49% |
Volatility
AVGU vs. NEMG - Volatility Comparison
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Volatility by Period
| AVGU | NEMG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 94.75% | 102.63% | -7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.75% | 102.63% | -7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.75% | 102.63% | -7.88% |
AVGU vs. NEMG - Expense Ratio Comparison
AVGU has a 1.50% expense ratio, which is higher than NEMG's 0.75% expense ratio.
Dividends
AVGU vs. NEMG - Dividend Comparison
Neither AVGU nor NEMG has paid dividends to shareholders.
Frequently Asked Questions
AVGU and NEMG 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.
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.
NEMG is cheaper with a 0.75% expense ratio, compared with 1.50% for AVGU.
AVGU and NEMG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for AVGU and 0.75% for NEMG.
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