NBIL vs. KLAG

Last updated Jun 4, 2026

NBIL (GraniteShares 2X Long NBIS Daily ETF) and KLAG (Leverage Shares 2X Long KLAC Daily ETF) are both Leveraged Equities funds. NBIL is actively managed, while KLAG is passively managed. At a 0.31 correlation, their price movements are largely independent. NBIL charges 1.50%/yr vs 0.75%/yr for KLAG.

Performance

NBIL vs. KLAG - Performance Comparison

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

Returns By Period

In the year-to-date period, NBIL achieves a 462.18% return, which is significantly higher than KLAG's 155.10% return.

NBIL

• 1D: -7.17%
• 1M: 83.16%
• YTD: 462.18%
• 6M: 280.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLAG

• 1D: 8.19%
• 1M: 49.84%
• YTD: 155.10%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIL vs. KLAG - Yearly Performance Comparison

	2026 (YTD)	2025
NBIL GraniteShares 2X Long NBIS Daily ETF	462.18%	12.37%
KLAG Leverage Shares 2X Long KLAC Daily ETF	155.10%	-1.92%

Correlation

The correlation between NBIL and KLAG is 0.31, 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 Dec 19, 2025	0.31

Return for Risk

NBIL vs. KLAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) and Leverage Shares 2X Long KLAC Daily ETF (KLAG). 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

	NBIL	KLAG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	6.19	-4.89

Drawdowns

NBIL vs. KLAG - Drawdown Comparison

The maximum NBIL drawdown since its inception was -77.87%, which is greater than KLAG's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for NBIL and KLAG.

Drawdown Indicators

	NBIL	KLAG	Difference
Max Drawdown Largest peak-to-trough decline	-77.87%	-42.37%	-35.50%
Current Drawdown Current decline from peak	-9.98%	0.00%	-9.98%
Average Drawdown Average peak-to-trough decline	-44.90%	-15.60%	-29.30%

Volatility

Volatility by Period

	NBIL	KLAG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	199.38%	109.21%	+90.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	199.38%	109.21%	+90.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	199.38%	109.21%	+90.17%

NBIL vs. KLAG - Expense Ratio Comparison

NBIL has a 1.50% expense ratio, which is higher than KLAG's 0.75% expense ratio.

Dividends

NBIL vs. KLAG - Dividend Comparison

Neither NBIL nor KLAG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIL and KLAG in my portfolio?

NBIL and KLAG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIL or KLAG?

On fees, KLAG 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, NBIL or KLAG?

KLAG is cheaper with a 0.75% expense ratio, compared with 1.50% for NBIL.

Which ETF pays a higher dividend yield, NBIL or KLAG?

NBIL and KLAG have nearly identical dividend yields, around 0.00%.

What is the main difference between NBIL and KLAG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for NBIL and 0.75% for KLAG.