NIOG vs. GMEU
NIOG (Leverage Shares 2X Long NIO Daily ETF) and GMEU (T-Rex 2X Long GME Daily Target ETF) are both Leveraged Equities funds. NIOG is passively managed, while GMEU is actively managed. At a correlation of -0.01, they often move in opposite directions. NIOG charges 0.75%/yr vs 1.50%/yr for GMEU.
Performance
NIOG vs. GMEU - Performance Comparison
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Returns By Period
In the year-to-date period, NIOG achieves a -24.92% return, which is significantly lower than GMEU's -8.96% return.
NIOG
- 1D
- -6.74%
- 1M
- -14.17%
- YTD
- -24.92%
- 6M
- -20.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEU
- 1D
- 3.93%
- 1M
- -7.03%
- YTD
- -8.96%
- 6M
- -20.98%
- 1Y
- -46.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIOG vs. GMEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | -24.92% | 3.25% |
GMEU T-Rex 2X Long GME Daily Target ETF | -8.96% | -25.04% |
Correlation
The correlation between NIOG and GMEU is -0.01, 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 18, 2025 | -0.01 |
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Return for Risk
NIOG vs. GMEU — Risk / Return Rank
NIOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GMEU
NIOG vs. GMEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NIO Daily ETF (NIOG) and T-Rex 2X Long GME Daily Target ETF (GMEU). 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.
| NIOG | GMEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.92 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.80 | — |
| Martin ratioReturn relative to average drawdown | — | -1.26 | — |
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Drawdowns
NIOG vs. GMEU - Drawdown Comparison
The maximum NIOG drawdown since its inception was -52.95%, smaller than the maximum GMEU drawdown of -80.59%. Use the drawdown chart below to compare losses from any high point for NIOG and GMEU.
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Drawdown Indicators
| NIOG | GMEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.95% | -80.59% | +27.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -58.56% | — |
Current DrawdownCurrent decline from peak | -52.95% | -79.82% | +26.87% |
Average DrawdownAverage peak-to-trough decline | -22.49% | -63.74% | +41.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 36.98% | — |
Volatility
NIOG vs. GMEU - Volatility Comparison
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Volatility by Period
| NIOG | GMEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 115.64% | 71.09% | +44.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.64% | 88.04% | +27.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.64% | 88.04% | +27.60% |
NIOG vs. GMEU - Expense Ratio Comparison
NIOG has a 0.75% expense ratio, which is lower than GMEU's 1.50% expense ratio.
Dividends
NIOG vs. GMEU - Dividend Comparison
Neither NIOG nor GMEU has paid dividends to shareholders.
Frequently Asked Questions
NIOG and GMEU have a correlation of -0.01, 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 1.50% for GMEU.
NIOG and GMEU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for NIOG and 1.50% for GMEU.
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