MSOX vs. NEMG
MSOX (Advisorshares Msos 2x Daily ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. MSOX charges 0.95%/yr vs 0.75%/yr for NEMG.
Performance
MSOX vs. NEMG - Performance Comparison
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Returns By Period
In the year-to-date period, MSOX achieves a -37.05% return, which is significantly lower than NEMG's -28.76% return.
MSOX
- 1D
- 9.30%
- 1M
- -17.54%
- 6M
- -43.26%
- YTD
- -37.05%
- 1Y
- -29.50%
- 3Y*
- -66.53%
- 5Y*
- —
- 10Y*
- —
NEMG
- 1D
- -4.55%
- 1M
- -15.30%
- 6M
- -43.92%
- YTD
- -28.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSOX vs. NEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSOX Advisorshares Msos 2x Daily ETF | -37.05% | 35.35% |
NEMG Leverage Shares 2x Long NEM Daily ETF | -28.76% | 22.87% |
Correlation
The correlation between MSOX and NEMG is 0.17, 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 | 0.17 |
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Return for Risk
MSOX vs. NEMG — Risk / Return Rank
MSOX
NEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSOX vs. NEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.
| MSOX | NEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | — | — |
| Martin ratioReturn relative to average drawdown | -0.50 | — | — |
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Drawdowns
MSOX vs. NEMG - Drawdown Comparison
The maximum MSOX drawdown since its inception was -99.75%, which is greater than NEMG's maximum drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for MSOX and NEMG.
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Drawdown Indicators
| MSOX | NEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -58.31% | -41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -84.89% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -98.83% | — | — |
Current DrawdownCurrent decline from peak | -99.58% | -58.31% | -41.27% |
Average DrawdownAverage peak-to-trough decline | -89.04% | -25.88% | -63.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.62% | — | — |
Volatility
MSOX vs. NEMG - Volatility Comparison
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Volatility by Period
| MSOX | NEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 112.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 220.61% | 100.38% | +120.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 167.49% | 100.38% | +67.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 167.49% | 100.38% | +67.11% |
MSOX vs. NEMG - Expense Ratio Comparison
MSOX has a 0.95% expense ratio, which is higher than NEMG's 0.75% expense ratio.
Dividends
MSOX vs. NEMG - Dividend Comparison
Neither MSOX nor NEMG has paid dividends to shareholders.
Frequently Asked Questions
MSOX and NEMG have a correlation of 0.17, 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 MSOX.
MSOX and NEMG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: AdvisorShares and Leverage Shares. Their fees differ too: 0.95% for MSOX and 0.75% for NEMG.
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