CCUP vs. NIOG

Last updated Jun 4, 2026

CCUP (T-REX 2X Long CRCL Daily Target ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds. CCUP is actively managed, while NIOG is passively managed. At a 0.18 correlation, their price movements are largely independent. CCUP charges 1.50%/yr vs 0.75%/yr for NIOG.

Performance

CCUP vs. NIOG - Performance Comparison

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

Returns By Period

In the year-to-date period, CCUP achieves a -20.97% return, which is significantly lower than NIOG's 5.09% return.

CCUP

• 1D: -20.05%
• 1M: -47.47%
• YTD: -20.97%
• 6M: -36.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -8.37%
• 1M: -14.00%
• YTD: 5.09%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CCUP vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
CCUP T-REX 2X Long CRCL Daily Target ETF	-20.97%	-5.45%
NIOG Leverage Shares 2X Long NIO Daily ETF	5.09%	5.33%

Correlation

The correlation between CCUP and NIOG is 0.18, 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 Dec 19, 2025	0.18

Return for Risk

CCUP vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long CRCL Daily Target ETF (CCUP) 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.

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

Sharpe Ratios by Period

	CCUP	NIOG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	0.21	-0.68

Drawdowns

CCUP vs. NIOG - Drawdown Comparison

The maximum CCUP drawdown since its inception was -93.74%, which is greater than NIOG's maximum drawdown of -45.19%. Use the drawdown chart below to compare losses from any high point for CCUP and NIOG.

Drawdown Indicators

	CCUP	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-93.74%	-45.19%	-48.55%
Current Drawdown Current decline from peak	-86.98%	-34.15%	-52.83%
Average Drawdown Average peak-to-trough decline	-69.18%	-19.65%	-49.53%

Volatility

Volatility by Period

	CCUP	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	197.62%	120.05%	+77.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	197.62%	120.05%	+77.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	197.62%	120.05%	+77.57%

CCUP vs. NIOG - Expense Ratio Comparison

CCUP has a 1.50% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

CCUP vs. NIOG - Dividend Comparison

Neither CCUP nor NIOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CCUP and NIOG in my portfolio?

CCUP and NIOG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCUP or NIOG?

On fees, NIOG 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, CCUP or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 1.50% for CCUP.

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

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

What is the main difference between CCUP and NIOG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for CCUP and 0.75% for NIOG.