BILZ vs. NUG

Last updated Aug 2, 2026

BILZ (PIMCO Ultra Short Government Active Exchange-Traded Fund) and NUG (Leverage Shares 2X Long NU Daily ETF) are both exchange-traded funds - BILZ is a Ultrashort Bond fund actively managed by PIMCO, while NUG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. BILZ charges 0.14%/yr vs 0.75%/yr for NUG.

Performance

BILZ vs. NUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) and Leverage Shares 2X Long NU Daily ETF (NUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILZ achieves a 2.08% return, which is significantly higher than NUG's -38.20% return.

BILZ

• 1D: 0.02%
• 1M: 0.28%
• 6M: 1.80%
• YTD: 2.08%
• 1Y: 3.81%
• 3Y*: 4.63%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.65%

NUG

• 1D: -2.32%
• 1M: 9.27%
• 6M: -43.84%
• YTD: -38.20%
• 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)
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	$16.21M	$18.47M	$22.55M
NUG Leverage Shares 2X Long NU Daily ETF	$95.16K	$98.38K	$124.99K

BILZ vs. NUG - Yearly Performance Comparison

	2026 (YTD)	2025
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	2.08%	0.50%
NUG Leverage Shares 2X Long NU Daily ETF	-38.20%	9.30%

Correlation

The correlation between BILZ and NUG is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.13

Return for Risk

BILZ vs. NUG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BILZ

BILZ Risk / Return Rank: 100
BILZ Sharpe Ratio Rank: 100
BILZ Sortino Ratio Rank: 100
BILZ Omega Ratio Rank: 100
BILZ Calmar Ratio Rank: 100
BILZ Martin Ratio Rank: 100

NUG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BILZ vs. NUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) and Leverage Shares 2X Long NU Daily ETF (NUG). 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.

	BILZ	NUG	Difference
Sharpe ratio: Return per unit of total volatility	18.44	—	—
Sortino ratio: Return per unit of downside risk	116.58	—	—
Omega ratio: Gain probability vs. loss probability	44.52	—	—
Calmar ratio: Return relative to maximum drawdown	196.19	—	—
Martin ratio: Return relative to average drawdown	1,864.61	—	—

Drawdowns

BILZ vs. NUG - Drawdown Comparison

The maximum BILZ drawdown since its inception was -0.52%, smaller than the maximum NUG drawdown of -66.15%. Use the drawdown chart below to compare losses from any high point for BILZ and NUG.

Drawdown Indicators

	BILZ	NUG	Difference
Max Drawdown Largest peak-to-trough decline	-0.52%	-66.15%	+65.63%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.17%	—	—
Current Drawdown Current decline from peak	0.00%	-50.00%	+50.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-35.24%	+35.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	—	—

Volatility

Volatility by Period

	BILZ	NUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.21%	79.01%	-78.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.51%	79.01%	-78.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.51%	79.01%	-78.50%

BILZ vs. NUG - Expense Ratio Comparison

BILZ has a 0.14% expense ratio, which is lower than NUG's 0.75% expense ratio.

Dividends

BILZ vs. NUG - Dividend Comparison

BILZ's dividend yield for the trailing twelve months is around 4.01%, while NUG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	3.64%	4.19%	4.95%	2.23%
NUG Leverage Shares 2X Long NU Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BILZ and NUG in my portfolio?

BILZ and NUG have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BILZ or NUG?

On fees, BILZ is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BILZ or NUG?

BILZ is cheaper with a 0.14% expense ratio, compared with 0.75% for NUG.

Which ETF pays a higher dividend yield, BILZ or NUG?

BILZ has the higher dividend yield at 3.64%, compared with 0.00% for NUG.

What is the main difference between BILZ and NUG?

BILZ is categorized as Ultrashort Bond, while NUG is Leveraged Equities. They also come from different issuers: PIMCO and Leverage Shares. Their fees differ too: 0.14% for BILZ and 0.75% for NUG.