GMEU vs. NEMG

Last updated Jun 6, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. GMEU charges 1.50%/yr vs 0.75%/yr for NEMG.

Performance

GMEU vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) and Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEU achieves a -4.94% return, which is significantly higher than NEMG's -15.58% return.

GMEU

• 1D: -4.61%
• 1M: -28.19%
• YTD: -4.94%
• 6M: -29.47%
• 1Y: -69.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -15.99%
• 1M: -26.54%
• YTD: -15.58%
• 6M: 2.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEU vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-4.94%	-8.99%
NEMG Leverage Shares 2x Long NEM Daily ETF	-15.58%	27.79%

Correlation

The correlation between GMEU and NEMG is 0.14, 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 18, 2025	0.14

Return for Risk

GMEU vs. NEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GMEU

GMEU Risk / Return Rank: 2
GMEU Sharpe Ratio Rank: 3
GMEU Sortino Ratio Rank: 3
GMEU Omega Ratio Rank: 2
GMEU Calmar Ratio Rank: 0
GMEU Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GMEU vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) and Leverage Shares 2x Long NEM Daily ETF (NEMG). 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.

	GMEU	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	—	—
Sortino ratio: Return per unit of downside risk	-1.13	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.95	—	—
Martin ratio: Return relative to average drawdown	-1.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GMEU	NEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	0.15	-0.86

Drawdowns

GMEU vs. NEMG - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.43%, which is greater than NEMG's maximum drawdown of -51.18%. Use the drawdown chart below to compare losses from any high point for GMEU and NEMG.

Drawdown Indicators

	GMEU	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-80.43%	-51.18%	-29.25%
Max Drawdown (1Y) Largest decline over 1 year	-72.75%	—	—
Current Drawdown Current decline from peak	-78.93%	-50.60%	-28.33%
Average Drawdown Average peak-to-trough decline	-63.30%	-21.08%	-42.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.36%	—	—

Volatility

Volatility by Period

	GMEU	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	85.25%	102.07%	-16.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.72%	102.07%	-12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.72%	102.07%	-12.35%

GMEU vs. NEMG - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

GMEU vs. NEMG - Dividend Comparison

Neither GMEU nor NEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GMEU and NEMG in my portfolio?

GMEU and NEMG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEU or NEMG?

On fees, NEMG 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, GMEU or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.50% for GMEU.

Which ETF pays a higher dividend yield, GMEU or NEMG?

GMEU and NEMG have nearly identical dividend yields, around 0.00%.

What is the main difference between GMEU and NEMG?

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