LMNX vs. NUG
LMNX (Defiance Daily Target 2X Long LMND ETF) and NUG (Leverage Shares 2X Long NU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. LMNX charges 1.31%/yr vs 0.75%/yr for NUG.
Performance
LMNX vs. NUG - Performance Comparison
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Returns By Period
In the year-to-date period, LMNX achieves a -56.45% return, which is significantly lower than NUG's -49.34% return.
LMNX
- 1D
- -5.86%
- 1M
- -1.55%
- YTD
- -56.45%
- 6M
- -67.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUG
- 1D
- 1.13%
- 1M
- -1.26%
- YTD
- -49.34%
- 6M
- -48.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LMNX vs. NUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMNX Defiance Daily Target 2X Long LMND ETF | -56.45% | -5.23% |
NUG Leverage Shares 2X Long NU Daily ETF | -49.34% | 9.30% |
Correlation
The correlation between LMNX and NUG is 0.33, 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 17, 2025 | 0.33 |
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Return for Risk
LMNX vs. NUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LMND ETF (LMNX) and Leverage Shares 2X Long NU Daily ETF (NUG). 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.
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Drawdowns
LMNX vs. NUG - Drawdown Comparison
The maximum LMNX drawdown since its inception was -79.62%, which is greater than NUG's maximum drawdown of -66.15%. Use the drawdown chart below to compare losses from any high point for LMNX and NUG.
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Drawdown Indicators
| LMNX | NUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.62% | -66.15% | -13.47% |
Current DrawdownCurrent decline from peak | -75.04% | -59.01% | -16.03% |
Average DrawdownAverage peak-to-trough decline | -43.41% | -31.80% | -11.61% |
Volatility
LMNX vs. NUG - Volatility Comparison
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Volatility by Period
| LMNX | NUG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 170.24% | 79.90% | +90.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 170.24% | 79.90% | +90.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 170.24% | 79.90% | +90.34% |
LMNX vs. NUG - Expense Ratio Comparison
LMNX has a 1.31% expense ratio, which is higher than NUG's 0.75% expense ratio.
Dividends
LMNX vs. NUG - Dividend Comparison
Neither LMNX nor NUG has paid dividends to shareholders.
Frequently Asked Questions
LMNX and NUG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUG is cheaper with a 0.75% expense ratio, compared with 1.31% for LMNX.
LMNX and NUG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and Leverage Shares. Their fees differ too: 1.31% for LMNX and 0.75% for NUG.
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