NIOG vs. RBLU

Last updated Jun 4, 2026

NIOG (Leverage Shares 2X Long NIO Daily ETF) and RBLU (T-Rex 2X Long RBLX Daily Target ETF) are both Leveraged Equities funds - NIOG tracks the NIO Inc. (NIO) while RBLU tracks the Roblox Corp. Class A (RBLX). Both are passively managed. At a 0.08 correlation, their price movements are largely independent. NIOG charges 0.75%/yr vs 1.05%/yr for RBLU.

Performance

NIOG vs. RBLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NIO Daily ETF (NIOG) and T-Rex 2X Long RBLX Daily Target ETF (RBLU). 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 RBLU's -79.08% return.

NIOG

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

RBLU

• 1D: -6.23%
• 1M: -20.33%
• YTD: -79.08%
• 6M: -84.26%
• 1Y: -86.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIOG vs. RBLU - Yearly Performance Comparison

	2026 (YTD)	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	5.09%	5.33%
RBLU T-Rex 2X Long RBLX Daily Target ETF	-79.08%	-7.91%

Correlation

The correlation between NIOG and RBLU 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. RBLU — Risk / Return Rank

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

RBLU

RBLU Risk / Return Rank: 2
RBLU Sharpe Ratio Rank: 3
RBLU Sortino Ratio Rank: 2
RBLU Omega Ratio Rank: 1
RBLU Calmar Ratio Rank: 1
RBLU Martin Ratio Rank: 2

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. RBLU - 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 RBLX Daily Target ETF (RBLU). 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	RBLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	-0.58	+0.79

Drawdowns

NIOG vs. RBLU - Drawdown Comparison

The maximum NIOG drawdown since its inception was -45.19%, smaller than the maximum RBLU drawdown of -94.59%. Use the drawdown chart below to compare losses from any high point for NIOG and RBLU.

Drawdown Indicators

	NIOG	RBLU	Difference
Max Drawdown Largest peak-to-trough decline	-45.19%	-94.59%	+49.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-94.59%	—
Current Drawdown Current decline from peak	-34.15%	-94.16%	+60.01%
Average Drawdown Average peak-to-trough decline	-19.65%	-42.88%	+23.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	61.69%	—

Volatility

Volatility by Period

	NIOG	RBLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	37.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	99.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	120.05%	119.35%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.05%	117.21%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.05%	117.21%	+2.84%

NIOG vs. RBLU - Expense Ratio Comparison

NIOG has a 0.75% expense ratio, which is lower than RBLU's 1.05% expense ratio.

Dividends

NIOG vs. RBLU - Dividend Comparison

NIOG has not paid dividends to shareholders, while RBLU's dividend yield for the trailing twelve months is around 6.19%.

Position	TTM	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%
RBLU T-Rex 2X Long RBLX Daily Target ETF	6.19%	1.29%

Frequently Asked Questions

Can I hold both NIOG and RBLU in my portfolio?

NIOG and RBLU 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 RBLU?

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 RBLU?

NIOG is cheaper with a 0.75% expense ratio, compared with 1.05% for RBLU.

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

RBLU has the higher dividend yield at 6.19%, compared with 0.00% for NIOG.

What is the main difference between NIOG and RBLU?

NIOG tracks NIO Inc. (NIO), while RBLU tracks Roblox Corp. Class A (RBLX). They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for NIOG and 1.05% for RBLU.