METU vs. NEMG

Last updated Jun 4, 2026

METU (Direxion Daily META Bull 2X 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. METU charges 1.07%/yr vs 0.75%/yr for NEMG.

Performance

METU vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bull 2X ETF (METU) 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, METU achieves a -20.23% return, which is significantly lower than NEMG's -0.97% return.

METU

• 1D: 8.31%
• 1M: 2.33%
• YTD: -20.23%
• 6M: -15.96%
• 1Y: -30.67%
• 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)

METU vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
METU Direxion Daily META Bull 2X ETF	-20.23%	18.00%
NEMG Leverage Shares 2x Long NEM Daily ETF	-0.97%	27.79%

Correlation

The correlation between METU 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

METU vs. NEMG — Risk / Return Rank

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

METU

METU Risk / Return Rank: 5
METU Sharpe Ratio Rank: 5
METU Sortino Ratio Rank: 6
METU Omega Ratio Rank: 6
METU Calmar Ratio Rank: 4
METU Martin Ratio Rank: 4

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.

METU vs. NEMG - Risk-Adjusted Trends Comparison

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

	METU	NEMG	Difference
Sharpe ratio Return per unit of total volatility	-0.44	—	—
Sortino ratio Return per unit of downside risk	-0.24	—	—
Omega ratio Gain probability vs. loss probability	0.97	—	—
Calmar ratio Return relative to maximum drawdown	-0.50	—	—
Martin ratio Return relative to average drawdown	-0.92	—	—
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

	METU	NEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.55	-0.56

Drawdowns

METU vs. NEMG - Drawdown Comparison

The maximum METU drawdown since its inception was -61.85%, which is greater than NEMG's maximum drawdown of -51.18%. Use the drawdown chart below to compare losses from any high point for METU and NEMG.

Drawdown Indicators

	METU	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-51.18%	-10.67%
Max Drawdown (1Y) Largest decline over 1 year	-61.52%	—	—
Current Drawdown Current decline from peak	-49.01%	-42.05%	-6.96%
Average Drawdown Average peak-to-trough decline	-23.55%	-20.71%	-2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.23%	—	—

Volatility

Volatility by Period

	METU	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	70.38%	100.36%	-29.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.35%	100.36%	-28.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.35%	100.36%	-28.01%

METU vs. NEMG - Expense Ratio Comparison

METU has a 1.07% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

METU vs. NEMG - Dividend Comparison

METU's dividend yield for the trailing twelve months is around 3.87%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025	2024
METU Direxion Daily META Bull 2X ETF	3.87%	3.00%	1.40%
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METU and NEMG in my portfolio?

METU 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, METU 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, METU or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.07% for METU.

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

METU has the higher dividend yield at 3.87%, compared with 0.00% for NEMG.

What is the main difference between METU and NEMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for METU and 0.75% for NEMG.