NBIG vs. BBSB

Last updated Jun 5, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both exchange-traded funds - NBIG is a Leveraged Equities fund actively managed by Leverage Shares, while BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. NBIG is actively managed, while BBSB is passively managed. At a correlation of -0.15, they often move in opposite directions. NBIG charges 0.75%/yr vs 0.04%/yr for BBSB.

Performance

NBIG vs. BBSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NBIS Daily ETF (NBIG) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBIG achieves a 487.61% return, which is significantly higher than BBSB's 0.55% return.

NBIG

• 1D: 6.23%
• 1M: 96.57%
• YTD: 487.61%
• 6M: 268.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBSB

• 1D: 0.07%
• 1M: 0.13%
• YTD: 0.55%
• 6M: 0.88%
• 1Y: 3.32%
• 3Y*: 4.15%
• 5Y*: —
• 10Y*: —

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

NBIG vs. BBSB - Yearly Performance Comparison

	2026 (YTD)	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	487.61%	-62.34%
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.55%	0.63%

Correlation

The correlation between NBIG and BBSB is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	-0.15

Return for Risk

NBIG vs. BBSB — Risk / Return Rank

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

BBSB

BBSB Risk / Return Rank: 84
BBSB Sharpe Ratio Rank: 82
BBSB Sortino Ratio Rank: 93
BBSB Omega Ratio Rank: 88
BBSB Calmar Ratio Rank: 77
BBSB Martin Ratio Rank: 82

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. BBSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NBIS Daily ETF (NBIG) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). 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	BBSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	2.36	-0.98

Drawdowns

NBIG vs. BBSB - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for NBIG and BBSB.

Drawdown Indicators

	NBIG	BBSB	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-1.57%	-74.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.96%	—
Current Drawdown Current decline from peak	-3.94%	-0.18%	-3.76%
Average Drawdown Average peak-to-trough decline	-42.82%	-0.31%	-42.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.21%	—

Volatility

Volatility by Period

	NBIG	BBSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	200.64%	1.27%	+199.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	200.64%	1.66%	+198.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	200.64%	1.66%	+198.98%

NBIG vs. BBSB - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is higher than BBSB's 0.04% expense ratio.

Dividends

NBIG vs. BBSB - Dividend Comparison

NBIG has not paid dividends to shareholders, while BBSB's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBIG and BBSB in my portfolio?

NBIG and BBSB have a correlation of -0.15, 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 BBSB?

On fees, BBSB is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIG or BBSB?

BBSB is cheaper with a 0.04% expense ratio, compared with 0.75% for NBIG.

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

BBSB has the higher dividend yield at 3.81%, compared with 0.00% for NBIG.

What is the main difference between NBIG and BBSB?

NBIG is categorized as Leveraged Equities, while BBSB is Government Bonds. They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.75% for NBIG and 0.04% for BBSB.