NEMG vs. XTAP

Last updated Aug 2, 2026

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. Their 0.42 correlation means their historical movements had little consistent relationship. NEMG charges 0.75%/yr vs 0.79%/yr for XTAP.

Performance

NEMG vs. XTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long NEM Daily ETF (NEMG) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEMG achieves a -28.92% return, which is significantly lower than XTAP's 12.47% return.

NEMG

• 1D: -4.30%
• 1M: -8.31%
• 6M: -41.24%
• YTD: -28.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XTAP

• 1D: 0.47%
• 1M: 1.02%
• 6M: 11.93%
• YTD: 12.47%
• 1Y: 19.11%
• 3Y*: 16.76%
• 5Y*: 10.76%
• 10Y*: —
• ALL TIME*: 11.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NEMG Leverage Shares 2x Long NEM Daily ETF	$96.38K	$81.09K	$228.81K
XTAP Innovator U.S. Equity Accelerated Plus ETF	$36.55K	$24.82K	$30.58K

NEMG vs. XTAP - Yearly Performance Comparison

	2026 (YTD)	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	-28.92%	22.87%
XTAP Innovator U.S. Equity Accelerated Plus ETF	12.47%	2.06%

Correlation

The correlation between NEMG and XTAP is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.42

Return for Risk

NEMG vs. XTAP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NEMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 98
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	XTAP	Difference
Sharpe ratio: Return per unit of total volatility	—	3.73	—
Sortino ratio: Return per unit of downside risk	—	6.04	—
Omega ratio: Gain probability vs. loss probability	—	1.92	—
Calmar ratio: Return relative to maximum drawdown	—	10.71	—
Martin ratio: Return relative to average drawdown	—	54.76	—

Drawdowns

NEMG vs. XTAP - Drawdown Comparison

The maximum NEMG drawdown since its inception was -61.96%, 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.

Drawdown Indicators

	NEMG	XTAP	Difference
Max Drawdown Largest peak-to-trough decline	-61.96%	-22.13%	-39.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.13%	—
Current Drawdown Current decline from peak	-58.41%	0.00%	-58.41%
Average Drawdown Average peak-to-trough decline	-28.50%	-3.36%	-25.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	NEMG	XTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	98.91%	4.93%	+93.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.91%	14.53%	+84.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.91%	14.23%	+84.68%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NEMG and XTAP in my portfolio?

NEMG and XTAP have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NEMG or XTAP?

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.

Which ETF is cheaper, NEMG or XTAP?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTAP.

Which ETF pays a higher dividend yield, NEMG or XTAP?

NEMG and XTAP have nearly identical dividend yields, around 0.00%.

What is the main difference between NEMG and XTAP?

They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for NEMG and 0.79% for XTAP.