NBIG vs. AAOX

Last updated Jun 4, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds. NBIG is actively managed, while AAOX is passively managed. At a 0.41 correlation, their price movements are largely independent. NBIG charges 0.75%/yr vs 1.49%/yr for AAOX.

Performance

NBIG vs. AAOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NBIS Daily ETF (NBIG) and Tradr 2X Long AAOI Daily ETF (AAOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBIG

• 1D: -6.73%
• 1M: 83.04%
• YTD: 453.13%
• 6M: 273.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -18.15%
• 1M: -7.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIG vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
NBIG Leverage Shares 2X Long NBIS Daily ETF	284.67%
AAOX Tradr 2X Long AAOI Daily ETF	68.69%

Correlation

The correlation between NBIG and AAOX is 0.41, 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 Mar 25, 2026	0.41

Return for Risk

NBIG vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NBIS Daily ETF (NBIG) and Tradr 2X Long AAOI Daily ETF (AAOX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NBIG	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	4.72	-3.51

Drawdowns

NBIG vs. AAOX - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, which is greater than AAOX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for NBIG and AAOX.

Drawdown Indicators

	NBIG	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-52.25%	-23.58%
Current Drawdown Current decline from peak	-9.57%	-38.59%	+29.02%
Average Drawdown Average peak-to-trough decline	-43.08%	-21.29%	-21.79%

Volatility

Volatility by Period

	NBIG	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	201.21%	293.60%	-92.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.21%	293.60%	-92.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.21%	293.60%	-92.39%

NBIG vs. AAOX - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is lower than AAOX's 1.49% expense ratio.

Dividends

NBIG vs. AAOX - Dividend Comparison

Neither NBIG nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIG and AAOX in my portfolio?

NBIG and AAOX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIG or AAOX?

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, NBIG or AAOX?

NBIG is cheaper with a 0.75% expense ratio, compared with 1.49% for AAOX.

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

NBIG and AAOX have nearly identical dividend yields, around 0.00%.

What is the main difference between NBIG and AAOX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for NBIG and 1.49% for AAOX.