NIOG vs. CEGX
NIOG (Leverage Shares 2X Long NIO Daily ETF) and CEGX (Tradr 2X Long CEG Daily ETF) are both Leveraged Equities funds. NIOG is passively managed, while CEGX is actively managed. At a 0.05 correlation, their price movements are largely independent. NIOG charges 0.75%/yr vs 1.30%/yr for CEGX.
Performance
NIOG vs. CEGX - Performance Comparison
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Returns By Period
In the year-to-date period, NIOG achieves a 5.09% return, which is significantly higher than CEGX's -50.98% return.
NIOG
- 1D
- -8.37%
- 1M
- -14.00%
- YTD
- 5.09%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEGX
- 1D
- -4.26%
- 1M
- -32.70%
- YTD
- -50.98%
- 6M
- -54.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIOG vs. CEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | 5.09% | 5.33% |
CEGX Tradr 2X Long CEG Daily ETF | -50.98% | -4.64% |
Correlation
The correlation between NIOG and CEGX is 0.05, 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 Dec 19, 2025 | 0.05 |
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Return for Risk
NIOG vs. CEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NIO Daily ETF (NIOG) and Tradr 2X Long CEG Daily ETF (CEGX). 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
| NIOG | CEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.54 | +0.76 |
Drawdowns
NIOG vs. CEGX - Drawdown Comparison
The maximum NIOG drawdown since its inception was -45.19%, smaller than the maximum CEGX drawdown of -66.35%. Use the drawdown chart below to compare losses from any high point for NIOG and CEGX.
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Drawdown Indicators
| NIOG | CEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -66.35% | +21.16% |
Current DrawdownCurrent decline from peak | -34.15% | -64.76% | +30.61% |
Average DrawdownAverage peak-to-trough decline | -19.65% | -33.21% | +13.56% |
Volatility
NIOG vs. CEGX - Volatility Comparison
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Volatility by Period
| NIOG | CEGX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 120.05% | 95.58% | +24.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.05% | 95.58% | +24.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.05% | 95.58% | +24.47% |
NIOG vs. CEGX - Expense Ratio Comparison
NIOG has a 0.75% expense ratio, which is lower than CEGX's 1.30% expense ratio.
Dividends
NIOG vs. CEGX - Dividend Comparison
Neither NIOG nor CEGX has paid dividends to shareholders.
Frequently Asked Questions
NIOG and CEGX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NIOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NIOG is cheaper with a 0.75% expense ratio, compared with 1.30% for CEGX.
NIOG and CEGX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for NIOG and 1.30% for CEGX.
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