DUOG vs. NBIL

Last updated Jun 4, 2026

DUOG (Leverage Shares 2X Long DUOL Daily ETF) and NBIL (GraniteShares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. DUOG charges 0.75%/yr vs 1.50%/yr for NBIL.

Performance

DUOG vs. NBIL - Performance Comparison

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

Returns By Period

In the year-to-date period, DUOG achieves a -70.05% return, which is significantly lower than NBIL's 462.18% return.

DUOG

• 1D: -4.87%
• 1M: -9.05%
• YTD: -70.05%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBIL

• 1D: -7.17%
• 1M: 83.16%
• YTD: 462.18%
• 6M: 280.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUOG vs. NBIL - Yearly Performance Comparison

	2026 (YTD)	2025
DUOG Leverage Shares 2X Long DUOL Daily ETF	-70.05%	-24.80%
NBIL GraniteShares 2X Long NBIS Daily ETF	462.18%	-24.70%

Correlation

The correlation between DUOG and NBIL 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 Dec 12, 2025	0.17

Return for Risk

DUOG vs. NBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long DUOL Daily ETF (DUOG) and GraniteShares 2X Long NBIS Daily ETF (NBIL). 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

	DUOG	NBIL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	1.30	-2.13

Drawdowns

DUOG vs. NBIL - Drawdown Comparison

The maximum DUOG drawdown since its inception was -83.06%, which is greater than NBIL's maximum drawdown of -77.87%. Use the drawdown chart below to compare losses from any high point for DUOG and NBIL.

Drawdown Indicators

	DUOG	NBIL	Difference
Max Drawdown Largest peak-to-trough decline	-83.06%	-77.87%	-5.19%
Current Drawdown Current decline from peak	-77.48%	-9.98%	-67.50%
Average Drawdown Average peak-to-trough decline	-63.60%	-44.90%	-18.70%

Volatility

Volatility by Period

	DUOG	NBIL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	115.53%	199.38%	-83.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.53%	199.38%	-83.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.53%	199.38%	-83.85%

DUOG vs. NBIL - Expense Ratio Comparison

DUOG has a 0.75% expense ratio, which is lower than NBIL's 1.50% expense ratio.

Dividends

DUOG vs. NBIL - Dividend Comparison

Neither DUOG nor NBIL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DUOG and NBIL in my portfolio?

DUOG and NBIL 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, DUOG or NBIL?

On fees, DUOG 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, DUOG or NBIL?

DUOG is cheaper with a 0.75% expense ratio, compared with 1.50% for NBIL.

Which ETF pays a higher dividend yield, DUOG or NBIL?

DUOG and NBIL have nearly identical dividend yields, around 0.00%.

What is the main difference between DUOG and NBIL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for DUOG and 1.50% for NBIL.