NIOG vs. CRWG

Last updated Jun 5, 2026

NIOG (Leverage Shares 2X Long NIO Daily ETF) and CRWG (Leverage Shares 2X Long CRWV Daily ETF) are both Leveraged Equities funds from Leverage Shares. NIOG is passively managed, while CRWG is actively managed. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

NIOG vs. CRWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NIO Daily ETF (NIOG) and Leverage Shares 2X Long CRWV Daily ETF (CRWG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIOG achieves a 2.42% return, which is significantly lower than CRWG's 46.05% return.

NIOG

• 1D: -2.54%
• 1M: -11.57%
• YTD: 2.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRWG

• 1D: -5.06%
• 1M: -34.22%
• YTD: 46.05%
• 6M: -7.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIOG vs. CRWG - Yearly Performance Comparison

	2026 (YTD)	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	2.42%	5.33%
CRWG Leverage Shares 2X Long CRWV Daily ETF	46.05%	6.31%

Correlation

The correlation between NIOG and CRWG is 0.27, 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 Dec 19, 2025	0.27

Return for Risk

NIOG vs. CRWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NIO Daily ETF (NIOG) and Leverage Shares 2X Long CRWV Daily ETF (CRWG). 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

	NIOG	CRWG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	-0.43	+0.58

Drawdowns

NIOG vs. CRWG - Drawdown Comparison

The maximum NIOG drawdown since its inception was -45.19%, smaller than the maximum CRWG drawdown of -89.42%. Use the drawdown chart below to compare losses from any high point for NIOG and CRWG.

Drawdown Indicators

	NIOG	CRWG	Difference
Max Drawdown Largest peak-to-trough decline	-45.19%	-89.42%	+44.23%
Current Drawdown Current decline from peak	-35.82%	-78.18%	+42.36%
Average Drawdown Average peak-to-trough decline	-19.79%	-68.58%	+48.79%

Volatility

Volatility by Period

	NIOG	CRWG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	119.59%	191.34%	-71.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.59%	191.34%	-71.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.59%	191.34%	-71.75%

NIOG vs. CRWG - Expense Ratio Comparison

Both NIOG and CRWG have an expense ratio of 0.75%.

Dividends

NIOG vs. CRWG - Dividend Comparison

NIOG has not paid dividends to shareholders, while CRWG's dividend yield for the trailing twelve months is around 5.06%.

Position	TTM	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	5.06%	7.39%
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NIOG and CRWG in my portfolio?

NIOG and CRWG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NIOG or CRWG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NIOG or CRWG?

NIOG and CRWG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, NIOG or CRWG?

CRWG has the higher dividend yield at 5.06%, compared with 0.00% for NIOG.