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 -0.02, 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 5.09% return, which is significantly higher than GMEU's -0.46% return.
NIOG
- 1D
- -8.37%
- 1M
- -14.00%
- YTD
- 5.09%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEU
- 1D
- 12.74%
- 1M
- -16.79%
- YTD
- -0.46%
- 6M
- -28.05%
- 1Y
- -69.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIOG vs. GMEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | 5.09% | 5.33% |
GMEU T-Rex 2X Long GME Daily Target ETF | -0.46% | -21.32% |
Correlation
The correlation between NIOG and GMEU is -0.02, 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 | -0.02 |
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Return for Risk
NIOG vs. GMEU — Risk / Return Rank
NIOG
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.
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 | GMEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.70 | +0.91 |
Drawdowns
NIOG vs. GMEU - Drawdown Comparison
The maximum NIOG drawdown since its inception was -45.19%, smaller than the maximum GMEU drawdown of -80.43%. 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 | -45.19% | -80.43% | +35.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -72.75% | — |
Current DrawdownCurrent decline from peak | -34.15% | -77.94% | +43.79% |
Average DrawdownAverage peak-to-trough decline | -19.65% | -63.19% | +43.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 57.02% | — |
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 | — | 24.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 57.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 120.05% | 85.19% | +34.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.05% | 89.95% | +30.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.05% | 89.95% | +30.10% |
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 -0.02, 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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