GEMG vs. NBIL

Last updated Jun 5, 2026

GEMG (Leverage Shares 2X Long GEMI Daily ETF) and NBIL (GraniteShares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. GEMG charges 0.75%/yr vs 1.50%/yr for NBIL.

Performance

GEMG vs. NBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GEMI Daily ETF (GEMG) 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, GEMG achieves a -87.09% return, which is significantly lower than NBIL's 500.03% return.

GEMG

• 1D: 5.34%
• 1M: -12.85%
• YTD: -87.09%
• 6M: -92.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBIL

• 1D: 6.73%
• 1M: 96.91%
• YTD: 500.03%
• 6M: 275.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEMG vs. NBIL - Yearly Performance Comparison

	2026 (YTD)	2025
GEMG Leverage Shares 2X Long GEMI Daily ETF	-87.09%	-73.54%
NBIL GraniteShares 2X Long NBIS Daily ETF	500.03%	-55.23%

Correlation

The correlation between GEMG and NBIL is 0.42, 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 Nov 6, 2025	0.42

Return for Risk

GEMG vs. NBIL - Risk-Adjusted Trends Comparison

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

	GEMG	NBIL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	1.48	-1.93

Drawdowns

GEMG vs. NBIL - Drawdown Comparison

The maximum GEMG drawdown since its inception was -97.08%, which is greater than NBIL's maximum drawdown of -77.87%. Use the drawdown chart below to compare losses from any high point for GEMG and NBIL.

Drawdown Indicators

	GEMG	NBIL	Difference
Max Drawdown Largest peak-to-trough decline	-97.08%	-77.87%	-19.21%
Current Drawdown Current decline from peak	-96.59%	-3.92%	-92.67%
Average Drawdown Average peak-to-trough decline	-80.43%	-44.65%	-35.78%

Volatility

Volatility by Period

	GEMG	NBIL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	219.20%	198.89%	+20.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.20%	198.89%	+20.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.20%	198.89%	+20.31%

GEMG vs. NBIL - Expense Ratio Comparison

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

Dividends

GEMG vs. NBIL - Dividend Comparison

Neither GEMG nor NBIL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GEMG and NBIL in my portfolio?

GEMG and NBIL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEMG or NBIL?

On fees, GEMG 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, GEMG or NBIL?

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

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

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

What is the main difference between GEMG and NBIL?

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