CBRG vs. NIOG

Last updated Jul 18, 2026

CBRG (Leverage Shares 2X Long CBRS Daily ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds from Leverage Shares. CBRG is actively managed, while NIOG is passively managed. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

CBRG vs. NIOG - Performance Comparison

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

Returns By Period

CBRG

• 1D: -9.02%
• 1M: -45.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -3.90%
• 1M: -8.23%
• 6M: -13.50%
• YTD: -27.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CBRG vs. NIOG - Yearly Performance Comparison

	2026 (YTD)
CBRG Leverage Shares 2X Long CBRS Daily ETF	-70.94%
NIOG Leverage Shares 2X Long NIO Daily ETF	-12.10%

Correlation

The correlation between CBRG and NIOG is 0.17, 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 6, 2026	0.17

Return for Risk

CBRG vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CBRS Daily ETF (CBRG) 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

CBRG vs. NIOG - Drawdown Comparison

The maximum CBRG drawdown since its inception was -76.16%, which is greater than NIOG's maximum drawdown of -56.27%. Use the drawdown chart below to compare losses from any high point for CBRG and NIOG.

Drawdown Indicators

	CBRG	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-76.16%	-56.27%	-19.89%
Current Drawdown Current decline from peak	-76.16%	-54.39%	-21.77%
Average Drawdown Average peak-to-trough decline	-20.35%	-25.93%	+5.58%

Volatility

Volatility by Period

	CBRG	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	156.46%	112.02%	+44.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	156.46%	112.02%	+44.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	156.46%	112.02%	+44.44%

CBRG vs. NIOG - Expense Ratio Comparison

Both CBRG and NIOG have an expense ratio of 0.75%.

Dividends

CBRG vs. NIOG - Dividend Comparison

Neither CBRG nor NIOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CBRG and NIOG in my portfolio?

CBRG and NIOG 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, CBRG or NIOG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CBRG or NIOG?

CBRG and NIOG have the same expense ratio: 0.75% per year.

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

CBRG and NIOG have nearly identical dividend yields, around 0.00%.