NEMG vs. BWET

Last updated Jun 5, 2026

NEMG (Leverage Shares 2x Long NEM Daily ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - NEMG is a Leveraged Equities fund actively managed by Leverage Shares, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. NEMG is actively managed, while BWET is passively managed. At a correlation of -0.08, they often move in opposite directions. NEMG charges 0.75%/yr vs 3.50%/yr for BWET.

Performance

NEMG vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long NEM Daily ETF (NEMG) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEMG achieves a 0.49% return, which is significantly lower than BWET's 990.13% return.

NEMG

• 1D: 1.47%
• 1M: -3.03%
• YTD: 0.49%
• 6M: 19.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 11.71%
• 1M: -0.90%
• YTD: 990.13%
• 6M: 857.64%
• 1Y: 2,014.90%
• 3Y*: 145.24%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEMG vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	0.49%	27.79%
BWET Breakwave Tanker Shipping ETF	990.13%	-11.02%

Correlation

The correlation between NEMG and BWET is -0.08, 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	-0.08

Return for Risk

NEMG vs. BWET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 98
BWET Omega Ratio Rank: 98
BWET Calmar Ratio Rank: 100
BWET Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEMG vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long NEM Daily ETF (NEMG) and Breakwave Tanker Shipping ETF (BWET). 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.

Sharpe Ratios by Period

	NEMG	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	20.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	2.01	-1.42

Drawdowns

NEMG vs. BWET - Drawdown Comparison

The maximum NEMG drawdown since its inception was -51.18%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for NEMG and BWET.

Drawdown Indicators

	NEMG	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-51.18%	-56.90%	+5.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-41.20%	-0.90%	-40.30%
Average Drawdown Average peak-to-trough decline	-20.86%	-24.06%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.51%	—

Volatility

Volatility by Period

	NEMG	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	88.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	99.99%	98.73%	+1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.99%	70.70%	+29.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.99%	70.70%	+29.29%

NEMG vs. BWET - Expense Ratio Comparison

NEMG has a 0.75% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

NEMG vs. BWET - Dividend Comparison

Neither NEMG nor BWET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NEMG and BWET in my portfolio?

NEMG and BWET 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.

Which ETF is better, NEMG or BWET?

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.

Which ETF is cheaper, NEMG or BWET?

NEMG is cheaper with a 0.75% expense ratio, compared with 3.50% for BWET.

Which ETF pays a higher dividend yield, NEMG or BWET?

NEMG and BWET have nearly identical dividend yields, around 0.00%.

What is the main difference between NEMG and BWET?

NEMG is categorized as Leveraged Equities, while BWET is Commodities. They also come from different issuers: Leverage Shares and Amplify. Their fees differ too: 0.75% for NEMG and 3.50% for BWET.