MLPR vs. NBIG

Last updated Jun 24, 2026

MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. MLPR is passively managed, while NBIG is actively managed. At a correlation of -0.00, they often move in opposite directions. MLPR charges 0.95%/yr vs 0.75%/yr for NBIG.

Performance

MLPR vs. NBIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and Leverage Shares 2X Long NBIS Daily ETF (NBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPR achieves a 24.85% return, which is significantly lower than NBIG's 526.74% return.

MLPR

• 1D: 2.97%
• 1M: -9.79%
• YTD: 24.85%
• 6M: 24.33%
• 1Y: 28.25%
• 3Y*: 31.47%
• 5Y*: 25.58%
• 10Y*: —

NBIG

• 1D: -5.81%
• 1M: 51.57%
• YTD: 526.74%
• 6M: 438.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPR vs. NBIG - Yearly Performance Comparison

	2026 (YTD)	2025
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	24.85%	5.72%
NBIG Leverage Shares 2X Long NBIS Daily ETF	526.74%	-59.80%

Correlation

The correlation between MLPR and NBIG is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	-0.00

Return for Risk

MLPR vs. NBIG — Risk / Return Rank

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

MLPR

MLPR Risk / Return Rank: 39
MLPR Sharpe Ratio Rank: 40
MLPR Sortino Ratio Rank: 37
MLPR Omega Ratio Rank: 37
MLPR Calmar Ratio Rank: 43
MLPR Martin Ratio Rank: 39

NBIG

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.

MLPR vs. NBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and Leverage Shares 2X Long NBIS Daily ETF (NBIG). 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.

	MLPR	NBIG	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	1.84	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	5.88	—	—

Drawdowns

MLPR vs. NBIG - Drawdown Comparison

The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum NBIG drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for MLPR and NBIG.

Drawdown Indicators

	MLPR	NBIG	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-75.83%	+26.85%
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.66%	—	—
Current Drawdown Current decline from peak	-10.62%	-7.58%	-3.04%
Average Drawdown Average peak-to-trough decline	-8.94%	-40.71%	+31.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	—	—

Volatility

Volatility by Period

	MLPR	NBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.11%	199.11%	-178.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.40%	199.11%	-169.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.71%	199.11%	-165.40%

MLPR vs. NBIG - Expense Ratio Comparison

MLPR has a 0.95% expense ratio, which is higher than NBIG's 0.75% expense ratio.

Dividends

MLPR vs. NBIG - Dividend Comparison

MLPR's dividend yield for the trailing twelve months is around 9.36%, while NBIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	9.36%	10.85%	9.57%	10.08%	7.49%	10.69%	4.21%
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLPR and NBIG in my portfolio?

MLPR and NBIG have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPR or NBIG?

On fees, NBIG 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, MLPR or NBIG?

NBIG is cheaper with a 0.75% expense ratio, compared with 0.95% for MLPR.

Which ETF pays a higher dividend yield, MLPR or NBIG?

MLPR has the higher dividend yield at 9.36%, compared with 0.00% for NBIG.

What is the main difference between MLPR and NBIG?

They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.95% for MLPR and 0.75% for NBIG.