NEMG vs. OOQB

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2x Long NEM Daily ETF (NEMG) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB).

NEMG and OOQB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEMG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025. OOQB is an actively managed fund by Volatility Shares. It was launched on Feb 18, 2025.

Performance

NEMG vs. OOQB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long NEM Daily ETF (NEMG) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). The values are adjusted to include any dividend payments, if applicable.

NEMG vs. OOQB - Yearly Performance Comparison

	2026 (YTD)	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	5.57%	27.79%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	-28.69%	-4.49%

Returns By Period

In the year-to-date period, NEMG achieves a 5.57% return, which is significantly higher than OOQB's -28.69% return.

NEMG

• 1D: 9.74%
• 1M: -33.14%
• YTD: 5.57%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OOQB

• 1D: 5.72%
• 1M: -2.59%
• YTD: -28.69%
• 6M: -45.98%
• 1Y: -14.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NEMG vs. OOQB - Expense Ratio Comparison

Both NEMG and OOQB have an expense ratio of 0.75%.

NEMG

Leverage Shares 2x Long NEM Daily ETF

OOQB

Volatility Shares One+One Nasdaq-100® and Bitcoin ETF

Return for Risk

NEMG vs. OOQB — Risk / Return Rank

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

OOQB

OOQB Risk / Return Rank: 8
OOQB Sharpe Ratio Rank: 7
OOQB Sortino Ratio Rank: 10
OOQB Omega Ratio Rank: 10
OOQB Calmar Ratio Rank: 7
OOQB Martin Ratio Rank: 6

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. OOQB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long NEM Daily ETF (NEMG) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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	OOQB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	-0.57	+1.85

Correlation

The correlation between NEMG and OOQB is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NEMG vs. OOQB - Dividend Comparison

NEMG has not paid dividends to shareholders, while OOQB's dividend yield for the trailing twelve months is around 13.89%.

	TTM	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	13.89%	9.53%

Drawdowns

NEMG vs. OOQB - Drawdown Comparison

The maximum NEMG drawdown since its inception was -51.18%, roughly equal to the maximum OOQB drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for NEMG and OOQB.

Drawdown Indicators

	NEMG	OOQB	Difference
Max Drawdown Largest peak-to-trough decline	-51.18%	-53.44%	+2.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.44%	—
Current Drawdown Current decline from peak	-38.22%	-50.78%	+12.56%
Average Drawdown Average peak-to-trough decline	-13.96%	-19.94%	+5.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.98%	—

Volatility

Volatility by Period

	NEMG	OOQB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	101.56%	59.59%	+41.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.56%	61.96%	+39.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.56%	61.96%	+39.60%