NEBX vs. SPOG
NEBX (Tradr 2X Long NBIS Daily ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. NEBX charges 1.30%/yr vs 0.75%/yr for SPOG.
Performance
NEBX vs. SPOG - Performance Comparison
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Returns By Period
In the year-to-date period, NEBX achieves a 496.81% return, which is significantly higher than SPOG's -40.37% return.
NEBX
- 1D
- 7.10%
- 1M
- 97.88%
- YTD
- 496.81%
- 6M
- 272.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG
- 1D
- 1.97%
- 1M
- 33.09%
- YTD
- -40.37%
- 6M
- -36.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEBX vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEBX Tradr 2X Long NBIS Daily ETF | 496.81% | -15.03% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.37% | -19.53% |
Correlation
The correlation between NEBX and SPOG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.07 |
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Return for Risk
NEBX vs. SPOG - 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 SPOT Daily ETF (SPOG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NEBX | SPOG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 2.22 | -0.72 | +2.94 |
Drawdowns
NEBX vs. SPOG - Drawdown Comparison
The maximum NEBX drawdown since its inception was -77.97%, which is greater than SPOG's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for NEBX and SPOG.
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Drawdown Indicators
| NEBX | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -64.41% | -13.56% |
Current DrawdownCurrent decline from peak | -3.82% | -52.02% | +48.20% |
Average DrawdownAverage peak-to-trough decline | -40.72% | -40.51% | -0.21% |
Volatility
NEBX vs. SPOG - Volatility Comparison
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Volatility by Period
| NEBX | SPOG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 192.59% | 103.50% | +89.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 192.59% | 103.50% | +89.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 192.59% | 103.50% | +89.09% |
NEBX vs. SPOG - Expense Ratio Comparison
NEBX has a 1.30% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
NEBX vs. SPOG - Dividend Comparison
Neither NEBX nor SPOG has paid dividends to shareholders.
Frequently Asked Questions
NEBX and SPOG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 1.30% for NEBX.
NEBX and SPOG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for NEBX and 0.75% for SPOG.
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