BABU vs. NIOG

Last updated Jul 24, 2026

BABU (Direxion Daily BABA Bull 2X ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - BABU tracks the Alibaba Group Holding Limited (BABA) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. At a 0.43 correlation, their price movements are largely independent. BABU charges 0.97%/yr vs 0.75%/yr for NIOG.

Performance

BABU vs. NIOG - Performance Comparison

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

Returns By Period

BABU

• 1D: -3.80%
• 1M: 20.16%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NIOG

• 1D: -1.49%
• 1M: -18.52%
• 6M: -24.01%
• YTD: -34.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BABU Direxion Daily BABA Bull 2X ETF	$4.55M	$3.48M	$1.63M
NIOG Leverage Shares 2X Long NIO Daily ETF	$141.34K	$203.22K	$456.36K

BABU vs. NIOG - Yearly Performance Comparison

	2026 (YTD)
BABU Direxion Daily BABA Bull 2X ETF	-56.94%
NIOG Leverage Shares 2X Long NIO Daily ETF	-28.59%

Correlation

The correlation between BABU and NIOG is 0.43, 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 Feb 11, 2026	0.43

Return for Risk

BABU vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BABA Bull 2X ETF (BABU) 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.

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

Drawdowns

BABU vs. NIOG - Drawdown Comparison

The maximum BABU drawdown since its inception was -69.52%, which is greater than NIOG's maximum drawdown of -58.90%. Use the drawdown chart below to compare losses from any high point for BABU and NIOG.

Drawdown Indicators

	BABU	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-69.52%	-58.90%	-10.62%
Current Drawdown Current decline from peak	-56.94%	-58.90%	+1.96%
Average Drawdown Average peak-to-trough decline	-42.13%	-26.78%	-15.35%

Volatility

Volatility by Period

	BABU	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	84.71%	110.73%	-26.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.71%	110.73%	-26.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.71%	110.73%	-26.02%

BABU vs. NIOG - Expense Ratio Comparison

BABU has a 0.97% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

BABU vs. NIOG - Dividend Comparison

BABU's dividend yield for the trailing twelve months is around 0.93%, while NIOG has not paid dividends to shareholders.

Position	TTM
BABU Direxion Daily BABA Bull 2X ETF	0.93%
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%

Frequently Asked Questions

Can I hold both BABU and NIOG in my portfolio?

BABU and NIOG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BABU or NIOG?

On fees, NIOG 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, BABU or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 0.97% for BABU.

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

BABU has the higher dividend yield at 0.93%, compared with 0.00% for NIOG.

What is the main difference between BABU and NIOG?

BABU tracks Alibaba Group Holding Limited (BABA), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for BABU and 0.75% for NIOG.