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. Their -0.04 correlation means they have often moved in opposite directions in the past. 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 130.64% return, which is significantly higher than SPOG's -40.53% return.
NEBX
- 1D
- 1.88%
- 1M
- -36.57%
- 6M
- 136.60%
- YTD
- 130.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPOG
- 1D
- -8.23%
- 1M
- 4.88%
- 6M
- -18.07%
- YTD
- -40.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.98M | $74.66M | $85.72M | |
| $166.22K | $181.03K | $420.26K |
NEBX vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEBX Tradr 2X Long NBIS Daily ETF | 130.64% | -9.76% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.53% | -18.73% |
Correlation
The correlation between NEBX and SPOG is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.04 |
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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.
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.
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Drawdowns
NEBX vs. SPOG - Drawdown Comparison
The maximum NEBX drawdown since its inception was -78.64%, 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 | -78.64% | -64.41% | -14.23% |
Current DrawdownCurrent decline from peak | -66.50% | -52.15% | -14.35% |
Average DrawdownAverage peak-to-trough decline | -40.47% | -43.46% | +2.99% |
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 | 209.85% | 96.11% | +113.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 209.85% | 96.11% | +113.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 209.85% | 96.11% | +113.74% |
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 -0.04, 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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