NBIG vs. IBDS

Last updated Jun 23, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and IBDS (iShares iBonds Dec 2027 Term Corporate ETF) are both exchange-traded funds - NBIG is a Leveraged Equities fund actively managed by Leverage Shares, while IBDS is a Corporate Bonds fund tracking the Bloomberg Barclays December 2027 Maturity Corporate Index. NBIG is actively managed, while IBDS is passively managed. At a correlation of -0.11, they often move in opposite directions. NBIG charges 0.75%/yr vs 0.10%/yr for IBDS.

Performance

NBIG vs. IBDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NBIS Daily ETF (NBIG) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBIG achieves a 565.40% return, which is significantly higher than IBDS's 1.32% return.

NBIG

• 1D: -1.88%
• 1M: 60.92%
• YTD: 565.40%
• 6M: 432.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBDS

• 1D: 0.00%
• 1M: 0.19%
• YTD: 1.32%
• 6M: 1.48%
• 1Y: 4.39%
• 3Y*: 5.38%
• 5Y*: 1.47%
• 10Y*: —

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

NBIG vs. IBDS - Yearly Performance Comparison

	2026 (YTD)	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	565.40%	-59.80%
IBDS iShares iBonds Dec 2027 Term Corporate ETF	1.32%	0.73%

Correlation

The correlation between NBIG and IBDS 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. IBDS — 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.

IBDS

IBDS Risk / Return Rank: 97
IBDS Sharpe Ratio Rank: 96
IBDS Sortino Ratio Rank: 98
IBDS Omega Ratio Rank: 98
IBDS Calmar Ratio Rank: 97
IBDS Martin Ratio Rank: 98

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. IBDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NBIS Daily ETF (NBIG) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS). 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	IBDS	Difference
Sharpe ratio: Return per unit of total volatility	—	4.12	—
Sortino ratio: Return per unit of downside risk	—	7.96	—
Omega ratio: Gain probability vs. loss probability	—	2.10	—
Calmar ratio: Return relative to maximum drawdown	—	10.15	—
Martin ratio: Return relative to average drawdown	—	47.61	—

Drawdowns

NBIG vs. IBDS - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, which is greater than IBDS's maximum drawdown of -16.75%. Use the drawdown chart below to compare losses from any high point for NBIG and IBDS.

Drawdown Indicators

	NBIG	IBDS	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-16.75%	-59.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.98%	—
Current Drawdown Current decline from peak	-1.88%	-0.08%	-1.80%
Average Drawdown Average peak-to-trough decline	-40.91%	-3.34%	-37.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.09%	—

Volatility

Volatility by Period

	NBIG	IBDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	199.52%	1.07%	+198.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	199.52%	4.17%	+195.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	199.52%	5.53%	+193.99%

NBIG vs. IBDS - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is higher than IBDS's 0.10% expense ratio.

Dividends

NBIG vs. IBDS - Dividend Comparison

NBIG has not paid dividends to shareholders, while IBDS's dividend yield for the trailing twelve months is around 4.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBDS iShares iBonds Dec 2027 Term Corporate ETF	4.32%	4.36%	4.37%	3.81%	2.87%	2.19%	2.66%	3.32%	3.66%	0.97%
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%

Frequently Asked Questions

Can I hold both NBIG and IBDS in my portfolio?

NBIG and IBDS 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 IBDS?

On fees, IBDS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIG or IBDS?

IBDS is cheaper with a 0.10% expense ratio, compared with 0.75% for NBIG.

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

IBDS has the higher dividend yield at 4.32%, compared with 0.00% for NBIG.

What is the main difference between NBIG and IBDS?

NBIG is categorized as Leveraged Equities, while IBDS is Corporate Bonds. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for NBIG and 0.10% for IBDS.