NBIL vs. PLTM

Last updated Jul 12, 2026

NBIL (GraniteShares 2X Long NBIS Daily ETF) and PLTM (GraniteShares Platinum Trust) are both exchange-traded funds - NBIL is a Leveraged Equities fund actively managed by GraniteShares, while PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt). NBIL is actively managed, while PLTM is passively managed. At a 0.15 correlation, their price movements are largely independent. NBIL charges 1.50%/yr vs 0.50%/yr for PLTM.

Performance

NBIL vs. PLTM - Performance Comparison

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

Returns By Period

In the year-to-date period, NBIL achieves a 272.68% return, which is significantly higher than PLTM's -20.83% return.

NBIL

• 1D: 3.03%
• 1M: -12.64%
• 6M: 176.66%
• YTD: 272.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTM

• 1D: 0.77%
• 1M: -5.51%
• 6M: -28.68%
• YTD: -20.83%
• 1Y: 15.36%
• 3Y*: 19.93%
• 5Y*: 7.56%
• 10Y*: —

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

NBIL vs. PLTM - Yearly Performance Comparison

	2026 (YTD)	2025
NBIL GraniteShares 2X Long NBIS Daily ETF	272.68%	-65.28%
PLTM GraniteShares Platinum Trust	-20.83%	24.95%

Correlation

The correlation between NBIL and PLTM is 0.15, 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 Oct 7, 2025	0.15

Return for Risk

NBIL vs. PLTM — Risk / Return Rank

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

NBIL

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

PLTM

PLTM Risk / Return Rank: 17
PLTM Sharpe Ratio Rank: 16
PLTM Sortino Ratio Rank: 18
PLTM Omega Ratio Rank: 19
PLTM Calmar Ratio Rank: 16
PLTM Martin Ratio Rank: 15

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.

NBIL vs. PLTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) and GraniteShares Platinum Trust (PLTM). 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.

	NBIL	PLTM	Difference
Sharpe ratio: Return per unit of total volatility	—	0.37	—
Sortino ratio: Return per unit of downside risk	—	0.80	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.43	—
Martin ratio: Return relative to average drawdown	—	0.92	—

Drawdowns

NBIL vs. PLTM - Drawdown Comparison

The maximum NBIL drawdown since its inception was -77.87%, which is greater than PLTM's maximum drawdown of -44.07%. Use the drawdown chart below to compare losses from any high point for NBIL and PLTM.

Drawdown Indicators

	NBIL	PLTM	Difference
Max Drawdown Largest peak-to-trough decline	-77.87%	-44.07%	-33.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-44.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.07%	—
Current Drawdown Current decline from peak	-46.63%	-41.52%	-5.11%
Average Drawdown Average peak-to-trough decline	-42.31%	-18.79%	-23.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.55%	—

Volatility

Volatility by Period

	NBIL	PLTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	201.96%	50.94%	+151.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.96%	33.13%	+168.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.96%	31.14%	+170.82%

NBIL vs. PLTM - Expense Ratio Comparison

NBIL has a 1.50% expense ratio, which is higher than PLTM's 0.50% expense ratio.

Dividends

NBIL vs. PLTM - Dividend Comparison

Neither NBIL nor PLTM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIL and PLTM in my portfolio?

NBIL and PLTM 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, NBIL or PLTM?

On fees, PLTM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIL or PLTM?

PLTM is cheaper with a 0.50% expense ratio, compared with 1.50% for NBIL.

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

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

What is the main difference between NBIL and PLTM?

NBIL is categorized as Leveraged Equities, while PLTM is Precious Metals. Their fees differ too: 1.50% for NBIL and 0.50% for PLTM.