NEMG vs. AAPX
NEMG (Leverage Shares 2x Long NEM Daily ETF) and AAPX (T-Rex 2X Long Apple Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.08 correlation means their historical movements had little consistent relationship. NEMG charges 0.75%/yr vs 1.05%/yr for AAPX.
Performance
NEMG vs. AAPX - Performance Comparison
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Returns By Period
In the year-to-date period, NEMG achieves a -28.92% return, which is significantly lower than AAPX's 16.24% return.
NEMG
- 1D
- -4.30%
- 1M
- -8.31%
- 6M
- -41.24%
- YTD
- -28.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AAPX
- 1D
- -14.30%
- 1M
- -0.98%
- 6M
- 29.95%
- YTD
- 16.24%
- 1Y
- 95.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.16M | $2.04M | $2.19M | |
| $96.38K | $81.09K | $228.81K |
NEMG vs. AAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMG Leverage Shares 2x Long NEM Daily ETF | -28.92% | 22.87% |
AAPX T-Rex 2X Long Apple Daily Target ETF | 16.24% | -2.75% |
Correlation
The correlation between NEMG and AAPX is 0.08, 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 | 0.08 |
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Return for Risk
NEMG vs. AAPX — Risk / Return Rank
NEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AAPX
NEMG vs. AAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long NEM Daily ETF (NEMG) and T-Rex 2X Long Apple Daily Target ETF (AAPX). 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.
| NEMG | AAPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.84 | — |
| Martin ratioReturn relative to average drawdown | — | 6.44 | — |
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Drawdowns
NEMG vs. AAPX - Drawdown Comparison
The maximum NEMG drawdown since its inception was -61.96%, which is greater than AAPX's maximum drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for NEMG and AAPX.
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Drawdown Indicators
| NEMG | AAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.96% | -58.55% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -30.12% | — |
Current DrawdownCurrent decline from peak | -58.41% | -17.43% | -40.98% |
Average DrawdownAverage peak-to-trough decline | -28.50% | -18.64% | -9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.26% | — |
Volatility
NEMG vs. AAPX - Volatility Comparison
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Volatility by Period
| NEMG | AAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 23.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 98.91% | 51.78% | +47.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.91% | 55.83% | +43.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.91% | 55.83% | +43.08% |
NEMG vs. AAPX - Expense Ratio Comparison
NEMG has a 0.75% expense ratio, which is lower than AAPX's 1.05% expense ratio.
Dividends
NEMG vs. AAPX - Dividend Comparison
NEMG has not paid dividends to shareholders, while AAPX's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 0.57% | 0.67% | 21.46% |
NEMG Leverage Shares 2x Long NEM Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NEMG and AAPX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NEMG is cheaper with a 0.75% expense ratio, compared with 1.05% for AAPX.
AAPX has the higher dividend yield at 0.57%, compared with 0.00% for NEMG.
They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for NEMG and 1.05% for AAPX.
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