BILZ vs. NUG

Last updated Jun 4, 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. At a correlation of -0.17, they often move in opposite directions. 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 1.47% return, which is significantly higher than NUG's -57.59% return.

BILZ

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.47%
• 6M: 1.76%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NUG

• 1D: -4.30%
• 1M: -34.47%
• YTD: -57.59%
• 6M: -61.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BILZ vs. NUG - Yearly Performance Comparison

	2026 (YTD)	2025
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	1.47%	0.50%
NUG Leverage Shares 2X Long NU Daily ETF	-57.59%	11.88%

Correlation

The correlation between BILZ and NUG is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	-0.17

Return for Risk

BILZ vs. NUG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

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.

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.

	BILZ	NUG	Difference
Sharpe ratio: Return per unit of total volatility	19.09	—	—
Sortino ratio: Return per unit of downside risk	125.25	—	—
Omega ratio: Gain probability vs. loss probability	53.31	—	—
Calmar ratio: Return relative to maximum drawdown	198.55	—	—
Martin ratio: Return relative to average drawdown	2,000.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BILZ	NUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	19.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	10.48	-0.94	+11.42

Drawdowns

BILZ vs. NUG - Drawdown Comparison

The maximum BILZ drawdown since its inception was -0.52%, smaller than the maximum NUG drawdown of -65.69%. 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%	-65.69%	+65.17%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	—	—
Current Drawdown Current decline from peak	0.00%	-65.69%	+65.69%
Average Drawdown Average peak-to-trough decline	-0.01%	-29.27%	+29.26%
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	0.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.21%	80.36%	-80.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.43%	80.36%	-79.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.43%	80.36%	-79.93%

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 4.07%, while NUG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	4.07%	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 -0.17, 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 4.07%, 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.