MSTP vs. NEMG
MSTP (GraniteShares 2x Long MSTR Daily ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. MSTP charges 1.50%/yr vs 0.75%/yr for NEMG.
Performance
MSTP vs. NEMG - Performance Comparison
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Returns By Period
In the year-to-date period, MSTP achieves a -69.31% return, which is significantly lower than NEMG's -20.44% return.
MSTP
- 1D
- -9.68%
- 1M
- -60.57%
- YTD
- -69.31%
- 6M
- -71.78%
- 1Y
- -96.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEMG
- 1D
- -7.98%
- 1M
- -20.02%
- YTD
- -20.44%
- 6M
- -28.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTP vs. NEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -69.31% | -46.59% |
NEMG Leverage Shares 2x Long NEM Daily ETF | -20.44% | 22.87% |
Correlation
The correlation between MSTP and NEMG is 0.25, 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 | 0.25 |
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Return for Risk
MSTP vs. NEMG — Risk / Return Rank
MSTP
NEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTP vs. NEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSTR Daily ETF (MSTP) 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.
| MSTP | NEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | — | — |
| Martin ratioReturn relative to average drawdown | -1.24 | — | — |
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Drawdowns
MSTP vs. NEMG - Drawdown Comparison
The maximum MSTP drawdown since its inception was -97.39%, which is greater than NEMG's maximum drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for MSTP and NEMG.
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Drawdown Indicators
| MSTP | NEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.39% | -57.56% | -39.83% |
Max Drawdown (1Y)Largest decline over 1 year | -97.39% | — | — |
Current DrawdownCurrent decline from peak | -97.39% | -53.44% | -43.95% |
Average DrawdownAverage peak-to-trough decline | -69.72% | -23.21% | -46.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.44% | — | — |
Volatility
MSTP vs. NEMG - Volatility Comparison
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Volatility by Period
| MSTP | NEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 115.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 143.94% | 102.63% | +41.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.80% | 102.63% | +39.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.80% | 102.63% | +39.17% |
MSTP vs. NEMG - Expense Ratio Comparison
MSTP has a 1.50% expense ratio, which is higher than NEMG's 0.75% expense ratio.
Dividends
MSTP vs. NEMG - Dividend Comparison
Neither MSTP nor NEMG has paid dividends to shareholders.
Frequently Asked Questions
MSTP and NEMG have a correlation of 0.25, 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 1.50% for MSTP.
MSTP and NEMG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for MSTP and 0.75% for NEMG.
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