CEGX vs. NIOG

Last updated Jun 5, 2026

CEGX (Tradr 2X Long CEG Daily ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds. CEGX is actively managed, while NIOG is passively managed. At a 0.06 correlation, their price movements are largely independent. CEGX charges 1.30%/yr vs 0.75%/yr for NIOG.

Performance

CEGX vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CEG Daily ETF (CEGX) 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, CEGX achieves a -51.98% return, which is significantly lower than NIOG's 2.42% return.

CEGX

• 1D: -2.04%
• 1M: -34.04%
• YTD: -51.98%
• 6M: -57.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -2.54%
• 1M: -11.57%
• YTD: 2.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEGX vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
CEGX Tradr 2X Long CEG Daily ETF	-51.98%	-4.64%
NIOG Leverage Shares 2X Long NIO Daily ETF	2.42%	5.33%

Correlation

The correlation between CEGX and NIOG is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.06

Return for Risk

CEGX vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CEG Daily ETF (CEGX) 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

	CEGX	NIOG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	0.15	-0.71

Drawdowns

CEGX vs. NIOG - Drawdown Comparison

The maximum CEGX drawdown since its inception was -66.35%, which is greater than NIOG's maximum drawdown of -45.19%. Use the drawdown chart below to compare losses from any high point for CEGX and NIOG.

Drawdown Indicators

	CEGX	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-66.35%	-45.19%	-21.16%
Current Drawdown Current decline from peak	-65.48%	-35.82%	-29.66%
Average Drawdown Average peak-to-trough decline	-33.35%	-19.79%	-13.56%

Volatility

Volatility by Period

	CEGX	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	95.39%	119.59%	-24.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.39%	119.59%	-24.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.39%	119.59%	-24.20%

CEGX vs. NIOG - Expense Ratio Comparison

CEGX has a 1.30% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

CEGX vs. NIOG - Dividend Comparison

Neither CEGX nor NIOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CEGX and NIOG in my portfolio?

CEGX and NIOG have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CEGX 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, CEGX or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 1.30% for CEGX.

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

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

What is the main difference between CEGX and NIOG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for CEGX and 0.75% for NIOG.