NBIZ vs. BEX

Last updated Aug 2, 2026

NBIZ (Tradr 2X Short NBIS Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both exchange-traded funds - NBIZ is a Inverse Equities fund tracking the Nebius Group N.V. (NBIS), while BEX is a Leveraged Equities fund actively managed by Tradr. NBIZ is passively managed, while BEX is actively managed. Their -0.57 correlation means they have often moved in opposite directions in the past. NBIZ charges 1.49%/yr vs 1.30%/yr for BEX.

Performance

NBIZ vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short NBIS Daily ETF (NBIZ) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBIZ

• 1D: -2.71%
• 1M: -37.07%
• 6M: -98.00%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BEX

• 1D: -0.74%
• 1M: -51.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEX Tradr 2X Long BE Daily ETF	$83.57M	$80.37M	$68.34M
NBIZ Tradr 2X Short NBIS Daily ETF	$76.41M	$57.60M	$42.81M

NBIZ vs. BEX - Yearly Performance Comparison

	2026 (YTD)
NBIZ Tradr 2X Short NBIS Daily ETF	-57.18%
BEX Tradr 2X Long BE Daily ETF	-69.85%

Correlation

The correlation between NBIZ and BEX is -0.57, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.57

Return for Risk

NBIZ vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short NBIS Daily ETF (NBIZ) and Tradr 2X Long BE Daily ETF (BEX). 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.

Drawdowns

NBIZ vs. BEX - Drawdown Comparison

The maximum NBIZ drawdown since its inception was -98.41%, which is greater than BEX's maximum drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for NBIZ and BEX.

Drawdown Indicators

	NBIZ	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-98.41%	-82.16%	-16.25%
Current Drawdown Current decline from peak	-98.41%	-72.82%	-25.59%
Average Drawdown Average peak-to-trough decline	-77.23%	-41.43%	-35.80%

Volatility

Volatility by Period

	NBIZ	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	237.50%	264.69%	-27.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	237.50%	264.69%	-27.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.50%	264.69%	-27.19%

NBIZ vs. BEX - Expense Ratio Comparison

NBIZ has a 1.49% expense ratio, which is higher than BEX's 1.30% expense ratio.

Dividends

NBIZ vs. BEX - Dividend Comparison

Neither NBIZ nor BEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIZ and BEX in my portfolio?

NBIZ and BEX have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIZ or BEX?

On fees, BEX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIZ or BEX?

BEX is cheaper with a 1.30% expense ratio, compared with 1.49% for NBIZ.

Which ETF pays a higher dividend yield, NBIZ or BEX?

NBIZ and BEX have nearly identical dividend yields, around 0.00%.

What is the main difference between NBIZ and BEX?

NBIZ is categorized as Inverse Equities, while BEX is Leveraged Equities. Their fees differ too: 1.49% for NBIZ and 1.30% for BEX.