NEBX vs. ARMG

Last updated Aug 1, 2026

NEBX (Tradr 2X Long NBIS Daily ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.45 correlation means their historical movements had little consistent relationship. NEBX charges 1.30%/yr vs 0.75%/yr for ARMG.

Performance

NEBX vs. ARMG - Performance Comparison

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

Returns By Period

In the year-to-date period, NEBX achieves a 130.64% return, which is significantly lower than ARMG's 190.00% return.

NEBX

• 1D: 1.88%
• 1M: -36.57%
• 6M: 136.60%
• YTD: 130.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ARMG

• 1D: -1.25%
• 1M: -46.26%
• 6M: 220.35%
• YTD: 190.00%
• 1Y: 59.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.32%

*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)
ARMG Leverage Shares 2X Long ARM Daily ETF	$14.17M	$20.37M	$65.80M
NEBX Tradr 2X Long NBIS Daily ETF	$86.98M	$74.66M	$85.72M

NEBX vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
NEBX Tradr 2X Long NBIS Daily ETF	130.64%	-37.72%
ARMG Leverage Shares 2X Long ARM Daily ETF	190.00%	-44.78%

Correlation

The correlation between NEBX and ARMG is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025	0.45

Return for Risk

NEBX vs. ARMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NEBX

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

ARMG

ARMG Risk / Return Rank: 29
ARMG Sharpe Ratio Rank: 19
ARMG Sortino Ratio Rank: 45
ARMG Omega Ratio Rank: 41
ARMG Calmar Ratio Rank: 23
ARMG Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NEBX vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long NBIS Daily ETF (NEBX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	NEBX	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.35	—
Sortino ratio: Return per unit of downside risk	—	1.63	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	0.66	—
Martin ratio: Return relative to average drawdown	—	1.23	—

Drawdowns

NEBX vs. ARMG - Drawdown Comparison

The maximum NEBX drawdown since its inception was -78.64%, roughly equal to the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for NEBX and ARMG.

Drawdown Indicators

	NEBX	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-78.64%	-80.28%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-76.64%	—
Current Drawdown Current decline from peak	-66.50%	-73.55%	+7.05%
Average Drawdown Average peak-to-trough decline	-40.47%	-52.13%	+11.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	41.08%	—

Volatility

Volatility by Period

	NEBX	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	50.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	128.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	209.85%	149.49%	+60.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	209.85%	145.42%	+64.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	209.85%	145.42%	+64.43%

NEBX vs. ARMG - Expense Ratio Comparison

NEBX has a 1.30% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

NEBX vs. ARMG - Dividend Comparison

NEBX has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 1.68%.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	1.68%	4.86%
NEBX Tradr 2X Long NBIS Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NEBX and ARMG in my portfolio?

NEBX and ARMG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NEBX or ARMG?

On fees, ARMG 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, NEBX or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.30% for NEBX.

Which ETF pays a higher dividend yield, NEBX or ARMG?

ARMG has the higher dividend yield at 1.68%, compared with 0.00% for NEBX.

What is the main difference between NEBX and ARMG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for NEBX and 0.75% for ARMG.