NEMG vs. GSG
NEMG (Leverage Shares 2x Long NEM Daily ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - NEMG is a Leveraged Equities fund actively managed by Leverage Shares, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. NEMG is actively managed, while GSG is passively managed. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.75% expense ratio.
Performance
NEMG vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, NEMG achieves a -32.52% return, which is significantly lower than GSG's 33.95% return.
NEMG
- 1D
- -9.31%
- 1M
- -31.33%
- 6M
- -47.77%
- YTD
- -32.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -0.93%
- 1M
- 4.15%
- 6M
- 29.74%
- YTD
- 33.95%
- 1Y
- 37.41%
- 3Y*
- 15.32%
- 5Y*
- 14.20%
- 10Y*
- 7.61%
NEMG vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMG Leverage Shares 2x Long NEM Daily ETF | -32.52% | 22.87% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 33.95% | -0.82% |
Correlation
The correlation between NEMG and GSG is -0.06, 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 17, 2025 | -0.06 |
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Return for Risk
NEMG vs. GSG — Risk / Return Rank
NEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
NEMG vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long NEM Daily ETF (NEMG) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 6.66 | — |
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Drawdowns
NEMG vs. GSG - Drawdown Comparison
The maximum NEMG drawdown since its inception was -60.51%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for NEMG and GSG.
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Drawdown Indicators
| NEMG | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -89.62% | +29.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -60.51% | -59.56% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -26.47% | -63.68% | +37.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.63% | — |
Volatility
NEMG vs. GSG - Volatility Comparison
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Volatility by Period
| NEMG | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.23% | 23.48% | +76.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.23% | 22.80% | +77.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.23% | 22.00% | +78.23% |
NEMG vs. GSG - Expense Ratio Comparison
Both NEMG and GSG have an expense ratio of 0.75%.
Dividends
NEMG vs. GSG - Dividend Comparison
Neither NEMG nor GSG has paid dividends to shareholders.
Frequently Asked Questions
NEMG and GSG have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NEMG and GSG have the same expense ratio: 0.75% per year.
NEMG and GSG have nearly identical dividend yields, around 0.00%.
NEMG is categorized as Leveraged Equities, while GSG is Commodities. They also come from different issuers: Leverage Shares and iShares.
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