JETU vs. NIOG

Last updated Jun 25, 2026

JETU (MAX Airlines 3X Leveraged ETN) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - JETU tracks the Prime Airlines Index - Benchmark TR Net while NIOG tracks the NIO Inc. (NIO). Both are passively managed. At a 0.11 correlation, their price movements are largely independent. JETU charges 0.95%/yr vs 0.75%/yr for NIOG.

Performance

JETU vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX Airlines 3X Leveraged ETN (JETU) 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, JETU achieves a 32.26% return, which is significantly higher than NIOG's -24.92% return.

JETU

• 1D: 8.15%
• 1M: 37.10%
• YTD: 32.26%
• 6M: 25.12%
• 1Y: 97.92%
• 3Y*: 17.57%
• 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)

JETU vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
JETU MAX Airlines 3X Leveraged ETN	32.26%	2.57%
NIOG Leverage Shares 2X Long NIO Daily ETF	-24.92%	3.25%

Correlation

The correlation between JETU and NIOG is 0.11, 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	0.11

Return for Risk

JETU vs. NIOG — Risk / Return Rank

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

JETU

JETU Risk / Return Rank: 42
JETU Sharpe Ratio Rank: 41
JETU Sortino Ratio Rank: 47
JETU Omega Ratio Rank: 41
JETU Calmar Ratio Rank: 45
JETU Martin Ratio Rank: 36

NIOG

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

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.

JETU vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) 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.

	JETU	NIOG	Difference
Sharpe ratio: Return per unit of total volatility	1.29	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.99	—	—
Martin ratio: Return relative to average drawdown	4.88	—	—

Drawdowns

JETU vs. NIOG - Drawdown Comparison

The maximum JETU drawdown since its inception was -68.64%, which is greater than NIOG's maximum drawdown of -52.95%. Use the drawdown chart below to compare losses from any high point for JETU and NIOG.

Drawdown Indicators

	JETU	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-68.64%	-52.95%	-15.69%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.64%	—	—
Current Drawdown Current decline from peak	-5.27%	-52.95%	+47.68%
Average Drawdown Average peak-to-trough decline	-29.29%	-22.49%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.12%	—	—

Volatility

Volatility by Period

	JETU	NIOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	61.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.19%	115.64%	-39.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.63%	115.64%	-44.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.63%	115.64%	-44.01%

JETU vs. NIOG - Expense Ratio Comparison

JETU has a 0.95% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

JETU vs. NIOG - Dividend Comparison

Neither JETU nor NIOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JETU and NIOG in my portfolio?

JETU and NIOG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JETU 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, JETU or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 0.95% for JETU.

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

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

What is the main difference between JETU and NIOG?

JETU tracks Prime Airlines Index - Benchmark TR Net, while NIOG tracks NIO Inc. (NIO). They also come from different issuers: Max and Leverage Shares. Their fees differ too: 0.95% for JETU and 0.75% for NIOG.