NIOG vs. HOOG

Last updated Jun 4, 2026

NIOG (Leverage Shares 2X Long NIO Daily ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds from Leverage Shares. NIOG is passively managed, while HOOG is actively managed. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

NIOG vs. HOOG - 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 HOOD Daily ETF (HOOG). 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 HOOG's -60.40% return.

NIOG

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

HOOG

• 1D: -12.13%
• 1M: 10.59%
• YTD: -60.40%
• 6M: -72.73%
• 1Y: -29.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIOG vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	5.09%	5.33%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-60.40%	-8.22%

Correlation

The correlation between NIOG and HOOG is 0.12, 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	0.12

Return for Risk

NIOG vs. HOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 13
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NIOG vs. HOOG - 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 HOOD Daily ETF (HOOG). 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	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.31	-0.09

Drawdowns

NIOG vs. HOOG - Drawdown Comparison

The maximum NIOG drawdown since its inception was -45.19%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for NIOG and HOOG.

Drawdown Indicators

	NIOG	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-45.19%	-86.94%	+41.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-34.15%	-81.53%	+47.38%
Average Drawdown Average peak-to-trough decline	-19.65%	-37.56%	+17.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.22%	—

Volatility

Volatility by Period

	NIOG	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	100.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	120.05%	137.15%	-17.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.05%	144.88%	-24.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.05%	144.88%	-24.83%

NIOG vs. HOOG - Expense Ratio Comparison

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

Dividends

NIOG vs. HOOG - Dividend Comparison

NIOG has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 31.07%.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.07%	12.30%
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NIOG and HOOG in my portfolio?

NIOG and HOOG have a correlation of 0.12, 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 HOOG?

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 HOOG?

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

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

HOOG has the higher dividend yield at 31.07%, compared with 0.00% for NIOG.