NIOG vs. JETU

Last updated Jun 24, 2026

NIOG (Leverage Shares 2X Long NIO Daily ETF) and JETU (MAX Airlines 3X Leveraged ETN) are both Leveraged Equities funds - NIOG tracks the NIO Inc. (NIO) while JETU tracks the Prime Airlines Index - Benchmark TR Net. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. NIOG charges 0.75%/yr vs 0.95%/yr for JETU.

Performance

NIOG vs. JETU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NIO Daily ETF (NIOG) and MAX Airlines 3X Leveraged ETN (JETU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIOG achieves a -19.49% return, which is significantly lower than JETU's 22.30% return.

NIOG

• 1D: 0.63%
• 1M: -7.97%
• YTD: -19.49%
• 6M: -13.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JETU

• 1D: -0.86%
• 1M: 26.77%
• YTD: 22.30%
• 6M: 17.30%
• 1Y: 88.26%
• 3Y*: 14.54%
• 5Y*: —
• 10Y*: —

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

NIOG vs. JETU - Yearly Performance Comparison

	2026 (YTD)	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	-19.49%	3.25%
JETU MAX Airlines 3X Leveraged ETN	22.30%	2.57%

Correlation

The correlation between NIOG and JETU is 0.13, 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 18, 2025	0.13

Return for Risk

NIOG vs. JETU — Risk / Return Rank

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

NIOG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JETU

JETU Risk / Return Rank: 37
JETU Sharpe Ratio Rank: 34
JETU Sortino Ratio Rank: 41
JETU Omega Ratio Rank: 37
JETU Calmar Ratio Rank: 39
JETU Martin Ratio Rank: 32

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. JETU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NIO Daily ETF (NIOG) and MAX Airlines 3X Leveraged ETN (JETU). 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	JETU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.17	—
Sortino ratio: Return per unit of downside risk	—	1.97	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.80	—
Martin ratio: Return relative to average drawdown	—	4.40	—

Drawdowns

NIOG vs. JETU - Drawdown Comparison

The maximum NIOG drawdown since its inception was -50.60%, smaller than the maximum JETU drawdown of -68.64%. Use the drawdown chart below to compare losses from any high point for NIOG and JETU.

Drawdown Indicators

	NIOG	JETU	Difference
Max Drawdown Largest peak-to-trough decline	-50.60%	-68.64%	+18.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-68.64%	—
Current Drawdown Current decline from peak	-49.56%	-12.41%	-37.15%
Average Drawdown Average peak-to-trough decline	-22.25%	-29.32%	+7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.12%	—

Volatility

Volatility by Period

	NIOG	JETU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	115.70%	75.98%	+39.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.70%	71.53%	+44.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.70%	71.53%	+44.17%

NIOG vs. JETU - Expense Ratio Comparison

NIOG has a 0.75% expense ratio, which is lower than JETU's 0.95% expense ratio.

Dividends

NIOG vs. JETU - Dividend Comparison

Neither NIOG nor JETU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NIOG and JETU in my portfolio?

NIOG and JETU have a correlation of 0.13, 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 JETU?

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.

Which ETF is cheaper, NIOG or JETU?

NIOG is cheaper with a 0.75% expense ratio, compared with 0.95% for JETU.

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

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

What is the main difference between NIOG and JETU?

NIOG tracks NIO Inc. (NIO), while JETU tracks Prime Airlines Index - Benchmark TR Net. They also come from different issuers: Leverage Shares and Max. Their fees differ too: 0.75% for NIOG and 0.95% for JETU.