NBIG vs. APPX

Last updated Jun 4, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and APPX (Tradr 2X Long APP Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. NBIG charges 0.75%/yr vs 1.30%/yr for APPX.

Performance

NBIG vs. APPX - 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 APP Daily ETF (APPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBIG achieves a 453.13% return, which is significantly higher than APPX's -51.66% return.

NBIG

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

APPX

• 1D: -11.50%
• 1M: 36.86%
• YTD: -51.66%
• 6M: -50.93%
• 1Y: 6.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIG vs. APPX - Yearly Performance Comparison

	2026 (YTD)	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	453.13%	-62.34%
APPX Tradr 2X Long APP Daily ETF	-51.66%	2.93%

Correlation

The correlation between NBIG and APPX is 0.32, 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 Oct 28, 2025	0.32

Return for Risk

NBIG vs. APPX — Risk / Return Rank

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

APPX

APPX Risk / Return Rank: 14
APPX Sharpe Ratio Rank: 9
APPX Sortino Ratio Rank: 21
APPX Omega Ratio Rank: 23
APPX Calmar Ratio Rank: 10
APPX Martin Ratio Rank: 10

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.

NBIG vs. APPX - 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 APP Daily ETF (APPX). 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	APPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.67	+0.54

Drawdowns

NBIG vs. APPX - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, smaller than the maximum APPX drawdown of -82.40%. Use the drawdown chart below to compare losses from any high point for NBIG and APPX.

Drawdown Indicators

	NBIG	APPX	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-82.40%	+6.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-82.40%	—
Current Drawdown Current decline from peak	-9.57%	-62.42%	+52.85%
Average Drawdown Average peak-to-trough decline	-43.08%	-37.22%	-5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	48.66%	—

Volatility

Volatility by Period

	NBIG	APPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	122.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	201.21%	141.00%	+60.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.21%	140.63%	+60.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.21%	140.63%	+60.58%

NBIG vs. APPX - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is lower than APPX's 1.30% expense ratio.

Dividends

NBIG vs. APPX - Dividend Comparison

NBIG has not paid dividends to shareholders, while APPX's dividend yield for the trailing twelve months is around 19.41%.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	19.41%	9.38%
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBIG and APPX in my portfolio?

NBIG and APPX have a correlation of 0.32, 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 APPX?

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 APPX?

NBIG is cheaper with a 0.75% expense ratio, compared with 1.30% for APPX.

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

APPX has the higher dividend yield at 19.41%, compared with 0.00% for NBIG.

What is the main difference between NBIG and APPX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for NBIG and 1.30% for APPX.