NIOG vs. SOFA

Last updated Jun 25, 2026

NIOG (Leverage Shares 2X Long NIO Daily ETF) and SOFA (Direxion Daily SOFI Bull 2X ETF) are both Leveraged Equities funds - NIOG tracks the NIO Inc. (NIO) while SOFA tracks the SoFi Technologies, Inc. (SOFI). Both are passively managed. At a 0.07 correlation, their price movements are largely independent. NIOG charges 0.75%/yr vs 0.97%/yr for SOFA.

Performance

NIOG vs. SOFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NIO Daily ETF (NIOG) and Direxion Daily SOFI Bull 2X ETF (SOFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NIOG

• 1D: -6.74%
• 1M: -14.17%
• YTD: -24.92%
• 6M: -20.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOFA

• 1D: 0.42%
• 1M: 18.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIOG vs. SOFA - Yearly Performance Comparison

	2026 (YTD)
NIOG Leverage Shares 2X Long NIO Daily ETF	-18.26%
SOFA Direxion Daily SOFI Bull 2X ETF	-40.54%

Correlation

The correlation between NIOG and SOFA is 0.07, 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 Feb 11, 2026	0.07

Return for Risk

NIOG vs. SOFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NIO Daily ETF (NIOG) and Direxion Daily SOFI Bull 2X ETF (SOFA). 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.

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

Drawdowns

NIOG vs. SOFA - Drawdown Comparison

The maximum NIOG drawdown since its inception was -52.95%, roughly equal to the maximum SOFA drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for NIOG and SOFA.

Drawdown Indicators

	NIOG	SOFA	Difference
Max Drawdown Largest peak-to-trough decline	-52.95%	-51.90%	-1.05%
Current Drawdown Current decline from peak	-52.95%	-40.54%	-12.41%
Average Drawdown Average peak-to-trough decline	-22.49%	-34.43%	+11.94%

Volatility

Volatility by Period

	NIOG	SOFA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	115.64%	106.84%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.64%	106.84%	+8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.64%	106.84%	+8.80%

NIOG vs. SOFA - Expense Ratio Comparison

NIOG has a 0.75% expense ratio, which is lower than SOFA's 0.97% expense ratio.

Dividends

NIOG vs. SOFA - Dividend Comparison

NIOG has not paid dividends to shareholders, while SOFA's dividend yield for the trailing twelve months is around 0.73%.

Position	TTM
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.73%

Frequently Asked Questions

Can I hold both NIOG and SOFA in my portfolio?

NIOG and SOFA have a correlation of 0.07, 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 SOFA?

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 SOFA?

NIOG is cheaper with a 0.75% expense ratio, compared with 0.97% for SOFA.

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

SOFA has the higher dividend yield at 0.73%, compared with 0.00% for NIOG.

What is the main difference between NIOG and SOFA?

NIOG tracks NIO Inc. (NIO), while SOFA tracks SoFi Technologies, Inc. (SOFI). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for NIOG and 0.97% for SOFA.