BIB vs. NEMG

Last updated Jun 24, 2026

BIB (ProShares Ultra Nasdaq Biotechnology) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. BIB is passively managed, while NEMG is actively managed. At a 0.33 correlation, their price movements are largely independent. BIB charges 0.95%/yr vs 0.75%/yr for NEMG.

Performance

BIB vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Biotechnology (BIB) 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, BIB achieves a 12.50% return, which is significantly higher than NEMG's -20.44% return.

BIB

• 1D: 1.97%
• 1M: 9.49%
• YTD: 12.50%
• 6M: 8.62%
• 1Y: 100.86%
• 3Y*: 19.65%
• 5Y*: -0.74%
• 10Y*: 9.71%

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)

BIB vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
BIB ProShares Ultra Nasdaq Biotechnology	12.50%	5.87%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between BIB and NEMG is 0.33, 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	0.33

Return for Risk

BIB vs. NEMG — Risk / Return Rank

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

BIB

BIB Risk / Return Rank: 80
BIB Sharpe Ratio Rank: 83
BIB Sortino Ratio Rank: 73
BIB Omega Ratio Rank: 65
BIB Calmar Ratio Rank: 92
BIB Martin Ratio Rank: 88

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.

BIB vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Biotechnology (BIB) 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.

	BIB	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	2.51	—	—
Sortino ratio: Return per unit of downside risk	3.08	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	5.99	—	—
Martin ratio: Return relative to average drawdown	18.30	—	—

Drawdowns

BIB vs. NEMG - Drawdown Comparison

The maximum BIB drawdown since its inception was -67.24%, which is greater than NEMG's maximum drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for BIB and NEMG.

Drawdown Indicators

	BIB	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-67.24%	-57.56%	-9.68%
Max Drawdown (1Y) Largest decline over 1 year	-16.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-45.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-65.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-66.20%	—	—
Current Drawdown Current decline from peak	-17.29%	-53.44%	+36.15%
Average Drawdown Average peak-to-trough decline	-32.71%	-23.21%	-9.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	—	—

Volatility

Volatility by Period

	BIB	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.43%	102.63%	-62.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.60%	102.63%	-59.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.39%	102.63%	-56.24%

BIB vs. NEMG - Expense Ratio Comparison

BIB has a 0.95% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

BIB vs. NEMG - Dividend Comparison

BIB's dividend yield for the trailing twelve months is around 0.55%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BIB ProShares Ultra Nasdaq Biotechnology	0.55%	0.77%	1.69%	0.07%	0.03%
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIB and NEMG in my portfolio?

BIB and NEMG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BIB 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, BIB or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.95% for BIB.

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

BIB has the higher dividend yield at 0.55%, compared with 0.00% for NEMG.

What is the main difference between BIB and NEMG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for BIB and 0.75% for NEMG.