NBIG vs. FTSM

Last updated Jul 18, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and FTSM (First Trust Enhanced Short Maturity ETF) are both exchange-traded funds - NBIG is a Leveraged Equities fund actively managed by Leverage Shares, while FTSM is a Ultrashort Bond fund actively managed by First Trust. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. NBIG charges 0.75%/yr vs 0.44%/yr for FTSM.

Performance

NBIG vs. FTSM - Performance Comparison

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

Returns By Period

In the year-to-date period, NBIG achieves a 129.20% return, which is significantly higher than FTSM's 1.92% return.

NBIG

• 1D: 7.58%
• 1M: -64.93%
• 6M: 40.44%
• YTD: 129.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTSM

• 1D: 0.02%
• 1M: 0.37%
• 6M: 1.78%
• YTD: 1.92%
• 1Y: 4.06%
• 3Y*: 4.81%
• 5Y*: 3.55%
• 10Y*: 2.59%

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

NBIG vs. FTSM - Yearly Performance Comparison

	2026 (YTD)	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	129.20%	-59.80%
FTSM First Trust Enhanced Short Maturity ETF	1.92%	0.71%

Correlation

The correlation between NBIG and FTSM is -0.11, 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 27, 2025	-0.11

Return for Risk

NBIG vs. FTSM — Risk / Return Rank

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

NBIG

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

FTSM

FTSM Risk / Return Rank: 99
FTSM Sharpe Ratio Rank: 99
FTSM Sortino Ratio Rank: 99
FTSM Omega Ratio Rank: 99
FTSM Calmar Ratio Rank: 99
FTSM Martin Ratio Rank: 99

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. FTSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NBIS Daily ETF (NBIG) and First Trust Enhanced Short Maturity ETF (FTSM). 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.

	NBIG	FTSM	Difference
Sharpe ratio: Return per unit of total volatility	—	8.32	—
Sortino ratio: Return per unit of downside risk	—	18.53	—
Omega ratio: Gain probability vs. loss probability	—	4.02	—
Calmar ratio: Return relative to maximum drawdown	—	34.89	—
Martin ratio: Return relative to average drawdown	—	168.59	—

Drawdowns

NBIG vs. FTSM - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, which is greater than FTSM's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for NBIG and FTSM.

Drawdown Indicators

	NBIG	FTSM	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-4.12%	-71.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-4.12%	—
Current Drawdown Current decline from peak	-66.20%	0.00%	-66.20%
Average Drawdown Average peak-to-trough decline	-40.93%	-0.21%	-40.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	NBIG	FTSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	204.34%	0.49%	+203.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	204.34%	0.50%	+203.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	204.34%	0.88%	+203.46%

NBIG vs. FTSM - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is higher than FTSM's 0.44% expense ratio.

Dividends

NBIG vs. FTSM - Dividend Comparison

NBIG has not paid dividends to shareholders, while FTSM's dividend yield for the trailing twelve months is around 4.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTSM First Trust Enhanced Short Maturity ETF	4.13%	4.28%	4.91%	4.62%	1.62%	0.39%	1.20%	2.38%	2.14%	1.49%	1.03%	0.48%
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBIG and FTSM in my portfolio?

NBIG and FTSM have a correlation of -0.11, 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 FTSM?

On fees, FTSM is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIG or FTSM?

FTSM is cheaper with a 0.44% expense ratio, compared with 0.75% for NBIG.

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

FTSM has the higher dividend yield at 4.13%, compared with 0.00% for NBIG.

What is the main difference between NBIG and FTSM?

NBIG is categorized as Leveraged Equities, while FTSM is Ultrashort Bond. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.75% for NBIG and 0.44% for FTSM.