BU vs. NEMG

Last updated Jun 4, 2026

BU (Defiance Daily Target 2X Long B ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. BU charges 1.29%/yr vs 0.75%/yr for NEMG.

Performance

BU vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long B ETF (BU) 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, BU achieves a -20.39% return, which is significantly lower than NEMG's -0.97% return.

BU

• 1D: -5.94%
• 1M: 15.42%
• YTD: -20.39%
• 6M: -9.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -3.61%
• 1M: -3.20%
• YTD: -0.97%
• 6M: 20.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BU vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
BU Defiance Daily Target 2X Long B ETF	-20.39%	29.45%
NEMG Leverage Shares 2x Long NEM Daily ETF	-0.97%	26.75%

Correlation

The correlation between BU and NEMG is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.90

Return for Risk

BU vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long B ETF (BU) 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.

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

Sharpe Ratios by Period

	BU	NEMG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.55	-0.49

Drawdowns

BU vs. NEMG - Drawdown Comparison

The maximum BU drawdown since its inception was -53.98%, which is greater than NEMG's maximum drawdown of -51.18%. Use the drawdown chart below to compare losses from any high point for BU and NEMG.

Drawdown Indicators

	BU	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-53.98%	-51.18%	-2.80%
Current Drawdown Current decline from peak	-45.10%	-42.05%	-3.05%
Average Drawdown Average peak-to-trough decline	-25.32%	-20.71%	-4.61%

Volatility

Volatility by Period

	BU	NEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	97.59%	100.36%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.59%	100.36%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.59%	100.36%	-2.77%

BU vs. NEMG - Expense Ratio Comparison

BU has a 1.29% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

BU vs. NEMG - Dividend Comparison

Neither BU nor NEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BU and NEMG in my portfolio?

With a correlation of 0.90, BU and NEMG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BU 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, BU or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.29% for BU.

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

BU and NEMG have nearly identical dividend yields, around 0.00%.

What is the main difference between BU and NEMG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for BU and 0.75% for NEMG.