NBIL vs. ORLG
NBIL (GraniteShares 2X Long NBIS Daily ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds. NBIL is actively managed, while ORLG is passively managed. At a correlation of -0.13, they often move in opposite directions. NBIL charges 1.50%/yr vs 0.75%/yr for ORLG.
Performance
NBIL vs. ORLG - Performance Comparison
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Returns By Period
NBIL
- 1D
- 6.61%
- 1M
- -65.06%
- 6M
- 43.52%
- YTD
- 133.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORLG
- 1D
- -0.12%
- 1M
- -7.36%
- 6M
- -25.70%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIL vs. ORLG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBIL GraniteShares 2X Long NBIS Daily ETF | 62.12% |
ORLG Leverage Shares 2X Long ORLY Daily ETF | -25.96% |
Correlation
The correlation between NBIL and ORLG is -0.13, 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 Jan 15, 2026 | -0.13 |
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Return for Risk
NBIL vs. ORLG - 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 ORLY Daily ETF (ORLG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
NBIL vs. ORLG - Drawdown Comparison
The maximum NBIL drawdown since its inception was -77.87%, which is greater than ORLG's maximum drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for NBIL and ORLG.
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Drawdown Indicators
| NBIL | ORLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.87% | -39.93% | -37.94% |
Current DrawdownCurrent decline from peak | -66.49% | -34.99% | -31.50% |
Average DrawdownAverage peak-to-trough decline | -42.77% | -20.76% | -22.01% |
Volatility
NBIL vs. ORLG - Volatility Comparison
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Volatility by Period
| NBIL | ORLG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 203.33% | 58.84% | +144.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 203.33% | 58.84% | +144.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 203.33% | 58.84% | +144.49% |
NBIL vs. ORLG - Expense Ratio Comparison
NBIL has a 1.50% expense ratio, which is higher than ORLG's 0.75% expense ratio.
Dividends
NBIL vs. ORLG - Dividend Comparison
Neither NBIL nor ORLG has paid dividends to shareholders.
Frequently Asked Questions
NBIL and ORLG have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ORLG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ORLG is cheaper with a 0.75% expense ratio, compared with 1.50% for NBIL.
NBIL and ORLG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for NBIL and 0.75% for ORLG.
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