NEMG vs. UGE

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2x Long NEM Daily ETF (NEMG) and ProShares Ultra Consumer Goods (UGE).

NEMG and UGE 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. UGE is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Consumer Goods Index (200%). It was launched on Jan 30, 2007.

Performance

NEMG vs. UGE - Performance Comparison

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

NEMG vs. UGE - Yearly Performance Comparison

	2026 (YTD)	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	5.57%	27.79%
UGE ProShares Ultra Consumer Goods	10.58%	3.24%

Returns By Period

In the year-to-date period, NEMG achieves a 5.57% return, which is significantly lower than UGE's 10.58% return.

NEMG

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

UGE

• 1D: 0.60%
• 1M: -16.60%
• YTD: 10.58%
• 6M: 8.04%
• 1Y: -1.93%
• 3Y*: 3.56%
• 5Y*: -1.67%
• 10Y*: 7.86%

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

NEMG vs. UGE - Expense Ratio Comparison

NEMG has a 0.75% expense ratio, which is lower than UGE's 0.95% expense ratio.

UGE

ProShares Ultra Consumer Goods

NEMG

Leverage Shares 2x Long NEM Daily ETF

Return for Risk

NEMG vs. UGE — Risk / Return Rank

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

UGE

UGE Risk / Return Rank: 12
UGE Sharpe Ratio Rank: 10
UGE Sortino Ratio Rank: 11
UGE Omega Ratio Rank: 11
UGE Calmar Ratio Rank: 13
UGE Martin Ratio Rank: 13

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. UGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long NEM Daily ETF (NEMG) and ProShares Ultra Consumer Goods (UGE). 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	UGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.34	+0.94

Correlation

The correlation between NEMG and UGE is 0.24, 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. UGE - Dividend Comparison

NEMG has not paid dividends to shareholders, while UGE's dividend yield for the trailing twelve months is around 2.20%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UGE ProShares Ultra Consumer Goods	2.20%	2.54%	1.43%	1.20%	0.74%	0.20%	0.41%	0.86%	0.76%	0.68%	0.76%	0.60%

Drawdowns

NEMG vs. UGE - Drawdown Comparison

The maximum NEMG drawdown since its inception was -51.18%, smaller than the maximum UGE drawdown of -71.36%. Use the drawdown chart below to compare losses from any high point for NEMG and UGE.

Drawdown Indicators

	NEMG	UGE	Difference
Max Drawdown Largest peak-to-trough decline	-51.18%	-71.36%	+20.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-56.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.14%	—
Current Drawdown Current decline from peak	-38.22%	-37.53%	-0.69%
Average Drawdown Average peak-to-trough decline	-13.96%	-18.57%	+4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.63%	—

Volatility

Volatility by Period

	NEMG	UGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	101.56%	27.76%	+73.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.56%	31.24%	+70.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.56%	32.98%	+68.58%