NIOG vs. FIGG

Last updated Jun 4, 2026

NIOG (Leverage Shares 2X Long NIO Daily ETF) and FIGG (Leverage Shares 2X Long FIG Daily ETF) are both Leveraged Equities funds from Leverage Shares. NIOG is passively managed, while FIGG is actively managed. At a correlation of -0.08, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

NIOG vs. FIGG - 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 FIG Daily ETF (FIGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIOG achieves a 5.09% return, which is significantly higher than FIGG's -74.27% return.

NIOG

• 1D: -8.37%
• 1M: -14.00%
• YTD: 5.09%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIGG

• 1D: -12.59%
• 1M: 18.39%
• YTD: -74.27%
• 6M: -75.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIOG vs. FIGG - Yearly Performance Comparison

	2026 (YTD)	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	5.09%	5.33%
FIGG Leverage Shares 2X Long FIG Daily ETF	-74.27%	0.61%

Correlation

The correlation between NIOG and FIGG is -0.08, 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	-0.08

Return for Risk

NIOG vs. FIGG - 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 FIG Daily ETF (FIGG). 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	FIGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	-0.66	+0.87

Drawdowns

NIOG vs. FIGG - Drawdown Comparison

The maximum NIOG drawdown since its inception was -45.19%, smaller than the maximum FIGG drawdown of -95.11%. Use the drawdown chart below to compare losses from any high point for NIOG and FIGG.

Drawdown Indicators

	NIOG	FIGG	Difference
Max Drawdown Largest peak-to-trough decline	-45.19%	-95.11%	+49.92%
Current Drawdown Current decline from peak	-34.15%	-91.99%	+57.84%
Average Drawdown Average peak-to-trough decline	-19.65%	-77.03%	+57.38%

Volatility

Volatility by Period

	NIOG	FIGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	120.05%	148.39%	-28.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.05%	148.39%	-28.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.05%	148.39%	-28.34%

NIOG vs. FIGG - Expense Ratio Comparison

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

Dividends

NIOG vs. FIGG - Dividend Comparison

Neither NIOG nor FIGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NIOG and FIGG in my portfolio?

NIOG and FIGG have a correlation of -0.08, 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 FIGG?

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 FIGG?

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

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

NIOG and FIGG have nearly identical dividend yields, around 0.00%.