NBIZ vs. UPSX
NBIZ (Tradr 2X Short NBIS Daily ETF) and UPSX (Tradr 2X Long UPST Daily ETF) are both exchange-traded funds - NBIZ is a Inverse Equities fund tracking the Nebius Group N.V. (NBIS), while UPSX is a Leveraged Equities fund actively managed by Tradr. NBIZ is passively managed, while UPSX is actively managed. At a correlation of -0.29, they often move in opposite directions. NBIZ charges 1.49%/yr vs 1.30%/yr for UPSX.
Performance
NBIZ vs. UPSX - Performance Comparison
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Returns By Period
NBIZ
- 1D
- -3.01%
- 1M
- -13.55%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSX
- 1D
- -3.95%
- 1M
- 10.08%
- 6M
- -68.68%
- YTD
- -61.19%
- 1Y
- -90.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIZ vs. UPSX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBIZ Tradr 2X Short NBIS Daily ETF | -96.04% |
UPSX Tradr 2X Long UPST Daily ETF | -63.78% |
Correlation
The correlation between NBIZ and UPSX is -0.29, 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 22, 2026 | -0.29 |
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Return for Risk
NBIZ vs. UPSX — Risk / Return Rank
NBIZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UPSX
NBIZ vs. UPSX - 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 UPST Daily ETF (UPSX). 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.
| NBIZ | UPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.96 | — |
| Martin ratioReturn relative to average drawdown | — | -1.18 | — |
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Drawdowns
NBIZ vs. UPSX - Drawdown Comparison
The maximum NBIZ drawdown since its inception was -98.35%, roughly equal to the maximum UPSX drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for NBIZ and UPSX.
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Drawdown Indicators
| NBIZ | UPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.35% | -95.01% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -95.01% | — |
Current DrawdownCurrent decline from peak | -97.70% | -92.36% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -74.64% | -68.20% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 77.58% | — |
Volatility
NBIZ vs. UPSX - Volatility Comparison
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Volatility by Period
| NBIZ | UPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 32.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 100.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 217.33% | 138.29% | +79.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 217.33% | 139.23% | +78.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 217.33% | 139.23% | +78.10% |
NBIZ vs. UPSX - Expense Ratio Comparison
NBIZ has a 1.49% expense ratio, which is higher than UPSX's 1.30% expense ratio.
Dividends
NBIZ vs. UPSX - Dividend Comparison
Neither NBIZ nor UPSX has paid dividends to shareholders.
Frequently Asked Questions
NBIZ and UPSX have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UPSX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UPSX is cheaper with a 1.30% expense ratio, compared with 1.49% for NBIZ.
NBIZ and UPSX have nearly identical dividend yields, around 0.00%.
NBIZ is categorized as Inverse Equities, while UPSX is Leveraged Equities. Their fees differ too: 1.49% for NBIZ and 1.30% for UPSX.
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