GEVX vs. NIOG

Last updated Jun 25, 2026

GEVX (Tradr 2X Long GEV Daily ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds. GEVX is actively managed, while NIOG is passively managed. At a 0.17 correlation, their price movements are largely independent. GEVX charges 1.30%/yr vs 0.75%/yr for NIOG.

Performance

GEVX vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long GEV Daily ETF (GEVX) 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, GEVX achieves a 126.72% return, which is significantly higher than NIOG's -24.92% return.

GEVX

• 1D: 4.51%
• 1M: -0.24%
• YTD: 126.72%
• 6M: 116.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -6.74%
• 1M: -14.17%
• YTD: -24.92%
• 6M: -20.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEVX vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
GEVX Tradr 2X Long GEV Daily ETF	126.72%	11.96%
NIOG Leverage Shares 2X Long NIO Daily ETF	-24.92%	3.25%

Correlation

The correlation between GEVX 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 Dec 18, 2025	0.17

Return for Risk

GEVX vs. NIOG - Risk-Adjusted Trends Comparison

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

GEVX vs. NIOG - Drawdown Comparison

The maximum GEVX drawdown since its inception was -45.03%, smaller than the maximum NIOG drawdown of -52.95%. Use the drawdown chart below to compare losses from any high point for GEVX and NIOG.

Drawdown Indicators

	GEVX	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-45.03%	-52.95%	+7.92%
Current Drawdown Current decline from peak	-20.13%	-52.95%	+32.82%
Average Drawdown Average peak-to-trough decline	-15.09%	-22.49%	+7.40%

Volatility

Volatility by Period

	GEVX	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	102.59%	115.64%	-13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.59%	115.64%	-13.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.59%	115.64%	-13.05%

GEVX vs. NIOG - Expense Ratio Comparison

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

Dividends

GEVX vs. NIOG - Dividend Comparison

Neither GEVX nor NIOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GEVX and NIOG in my portfolio?

GEVX 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, GEVX 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, GEVX or NIOG?

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

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

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

What is the main difference between GEVX and NIOG?

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