NEMG vs. GMEU
NEMG (Leverage Shares 2x Long NEM Daily ETF) and GMEU (T-Rex 2X Long GME Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. NEMG charges 0.75%/yr vs 1.50%/yr for GMEU.
Performance
NEMG vs. GMEU - Performance Comparison
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Returns By Period
In the year-to-date period, NEMG achieves a -28.76% return, which is significantly lower than GMEU's -6.31% return.
NEMG
- 1D
- -4.55%
- 1M
- -15.30%
- 6M
- -43.92%
- YTD
- -28.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEU
- 1D
- 3.23%
- 1M
- -0.85%
- 6M
- -12.82%
- YTD
- -6.31%
- 1Y
- -43.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEMG vs. GMEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMG Leverage Shares 2x Long NEM Daily ETF | -28.76% | 22.87% |
GMEU T-Rex 2X Long GME Daily Target ETF | -6.31% | -10.39% |
Correlation
The correlation between NEMG and GMEU is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.11 |
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Return for Risk
NEMG vs. GMEU — Risk / Return Rank
NEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GMEU
NEMG vs. GMEU - 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 GME Daily Target ETF (GMEU). 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 | GMEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.93 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.74 | — |
| Martin ratioReturn relative to average drawdown | — | -1.13 | — |
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Drawdowns
NEMG vs. GMEU - Drawdown Comparison
The maximum NEMG drawdown since its inception was -58.31%, smaller than the maximum GMEU drawdown of -80.76%. Use the drawdown chart below to compare losses from any high point for NEMG and GMEU.
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Drawdown Indicators
| NEMG | GMEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.31% | -80.76% | +22.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -58.94% | — |
Current DrawdownCurrent decline from peak | -58.31% | -79.24% | +20.93% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -64.35% | +38.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 38.62% | — |
Volatility
NEMG vs. GMEU - Volatility Comparison
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Volatility by Period
| NEMG | GMEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.38% | 71.08% | +29.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.38% | 87.11% | +13.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.38% | 87.11% | +13.27% |
NEMG vs. GMEU - Expense Ratio Comparison
NEMG has a 0.75% expense ratio, which is lower than GMEU's 1.50% expense ratio.
Dividends
NEMG vs. GMEU - Dividend Comparison
Neither NEMG nor GMEU has paid dividends to shareholders.
Frequently Asked Questions
NEMG and GMEU have a correlation of 0.11, 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 1.50% for GMEU.
NEMG and GMEU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for NEMG and 1.50% for GMEU.
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