HODU vs. NEMG

Last updated Jun 4, 2026

HODU (Direxion Daily HOOD Bull 2X ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. HODU charges 0.97%/yr vs 0.75%/yr for NEMG.

Performance

HODU vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily HOOD Bull 2X ETF (HODU) 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, HODU achieves a -60.56% return, which is significantly lower than NEMG's -0.97% return.

HODU

• 1D: -12.12%
• 1M: 10.35%
• YTD: -60.56%
• 6M: -72.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -3.61%
• 1M: -3.20%
• YTD: -0.97%
• 6M: 20.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HODU vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
HODU Direxion Daily HOOD Bull 2X ETF	-60.56%	-14.91%
NEMG Leverage Shares 2x Long NEM Daily ETF	-0.97%	26.75%

Correlation

The correlation between HODU and NEMG is 0.35, 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 20, 2025	0.35

Return for Risk

HODU vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily HOOD Bull 2X ETF (HODU) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HODU	NEMG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	0.55	-1.15

Drawdowns

HODU vs. NEMG - Drawdown Comparison

The maximum HODU drawdown since its inception was -81.62%, which is greater than NEMG's maximum drawdown of -51.18%. Use the drawdown chart below to compare losses from any high point for HODU and NEMG.

Drawdown Indicators

	HODU	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-81.62%	-51.18%	-30.44%
Current Drawdown Current decline from peak	-74.01%	-42.05%	-31.96%
Average Drawdown Average peak-to-trough decline	-56.30%	-20.71%	-35.59%

Volatility

Volatility by Period

	HODU	NEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	146.22%	100.36%	+45.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.22%	100.36%	+45.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.22%	100.36%	+45.86%

HODU vs. NEMG - Expense Ratio Comparison

HODU has a 0.97% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

HODU vs. NEMG - Dividend Comparison

HODU's dividend yield for the trailing twelve months is around 1.58%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025
HODU Direxion Daily HOOD Bull 2X ETF	1.58%	0.31%
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HODU and NEMG in my portfolio?

HODU and NEMG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HODU 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, HODU or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.97% for HODU.

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

HODU has the higher dividend yield at 1.58%, compared with 0.00% for NEMG.

What is the main difference between HODU and NEMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for HODU and 0.75% for NEMG.