NEMG vs. XTAP
NEMG (Leverage Shares 2x Long NEM Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. NEMG charges 0.75%/yr vs 0.79%/yr for XTAP.
Performance
NEMG vs. XTAP - Performance Comparison
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Returns By Period
In the year-to-date period, NEMG achieves a 0.49% return, which is significantly lower than XTAP's 11.13% return.
NEMG
- 1D
- 1.47%
- 1M
- -3.03%
- YTD
- 0.49%
- 6M
- 19.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- 0.15%
- 1M
- 2.02%
- YTD
- 11.13%
- 6M
- 12.15%
- 1Y
- 21.20%
- 3Y*
- 18.01%
- 5Y*
- 11.02%
- 10Y*
- —
NEMG vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMG Leverage Shares 2x Long NEM Daily ETF | 0.49% | 27.79% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 11.13% | 2.66% |
Correlation
The correlation between NEMG and XTAP is 0.36, 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 18, 2025 | 0.36 |
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Return for Risk
NEMG vs. XTAP — Risk / Return Rank
NEMG
XTAP
NEMG vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long NEM Daily ETF (NEMG) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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.
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Sharpe Ratios by Period
| NEMG | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.55 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.80 | -0.21 |
Drawdowns
NEMG vs. XTAP - Drawdown Comparison
The maximum NEMG drawdown since its inception was -51.18%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for NEMG and XTAP.
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Drawdown Indicators
| NEMG | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.18% | -22.13% | -29.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.13% | — |
Current DrawdownCurrent decline from peak | -41.20% | -0.06% | -41.14% |
Average DrawdownAverage peak-to-trough decline | -20.86% | -3.45% | -17.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.27% | — |
Volatility
NEMG vs. XTAP - Volatility Comparison
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Volatility by Period
| NEMG | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 99.99% | 4.68% | +95.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.99% | 14.54% | +85.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 14.40% | +85.59% |
NEMG vs. XTAP - Expense Ratio Comparison
NEMG has a 0.75% expense ratio, which is lower than XTAP's 0.79% expense ratio.
Dividends
NEMG vs. XTAP - Dividend Comparison
Neither NEMG nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
NEMG and XTAP have a correlation of 0.36, 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 0.79% for XTAP.
NEMG and XTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for NEMG and 0.79% for XTAP.
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