MLPR vs. NEMG
MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. MLPR is passively managed, while NEMG is actively managed. At a correlation of -0.07, they often move in opposite directions. MLPR charges 0.95%/yr vs 0.75%/yr for NEMG.
Performance
MLPR vs. NEMG - Performance Comparison
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Returns By Period
In the year-to-date period, MLPR achieves a 24.85% return, which is significantly higher than NEMG's -20.44% return.
MLPR
- 1D
- 2.97%
- 1M
- -9.79%
- YTD
- 24.85%
- 6M
- 24.33%
- 1Y
- 28.25%
- 3Y*
- 31.47%
- 5Y*
- 25.58%
- 10Y*
- —
NEMG
- 1D
- -7.98%
- 1M
- -20.02%
- YTD
- -20.44%
- 6M
- -28.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPR vs. NEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 24.85% | -0.41% |
NEMG Leverage Shares 2x Long NEM Daily ETF | -20.44% | 22.87% |
Correlation
The correlation between MLPR and NEMG is -0.07, 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 Nov 17, 2025 | -0.07 |
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Return for Risk
MLPR vs. NEMG — Risk / Return Rank
MLPR
NEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPR vs. NEMG - 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 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.
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 | NEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | — | — |
| Martin ratioReturn relative to average drawdown | 5.88 | — | — |
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Drawdowns
MLPR vs. NEMG - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum NEMG drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for MLPR and NEMG.
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Drawdown Indicators
| MLPR | NEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -57.56% | +8.58% |
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 DrawdownCurrent decline from peak | -10.62% | -53.44% | +42.82% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -23.21% | +14.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.82% | — | — |
Volatility
MLPR vs. NEMG - Volatility Comparison
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Volatility by Period
| MLPR | NEMG | 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% | 102.63% | -81.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.40% | 102.63% | -73.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.71% | 102.63% | -68.92% |
MLPR vs. NEMG - Expense Ratio Comparison
MLPR has a 0.95% expense ratio, which is higher than NEMG's 0.75% expense ratio.
Dividends
MLPR vs. NEMG - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.36%, while NEMG 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% |
NEMG Leverage Shares 2x Long NEM Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLPR and NEMG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NEMG is cheaper with a 0.75% expense ratio, compared with 0.95% for MLPR.
MLPR has the higher dividend yield at 9.36%, compared with 0.00% for NEMG.
They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.95% for MLPR and 0.75% for NEMG.
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