NIOG vs. SOXL
NIOG (Leverage Shares 2X Long NIO Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - NIOG tracks the NIO Inc. (NIO) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
NIOG vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, NIOG achieves a -24.92% return, which is significantly lower than SOXL's 446.21% return.
NIOG
- 1D
- -6.74%
- 1M
- -14.17%
- YTD
- -24.92%
- 6M
- -20.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- -0.80%
- 1M
- 20.47%
- YTD
- 446.21%
- 6M
- 419.27%
- 1Y
- 858.82%
- 3Y*
- 120.25%
- 5Y*
- 42.22%
- 10Y*
- 64.42%
NIOG vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | -24.92% | 3.25% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 446.21% | 16.72% |
Correlation
The correlation between NIOG and SOXL is 0.25, 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 | 0.25 |
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Return for Risk
NIOG vs. SOXL — Risk / Return Rank
NIOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
NIOG vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 19.95 | — |
| Martin ratioReturn relative to average drawdown | — | 63.67 | — |
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Drawdowns
NIOG vs. SOXL - Drawdown Comparison
The maximum NIOG drawdown since its inception was -52.95%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for NIOG and SOXL.
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Drawdown Indicators
| NIOG | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.95% | -90.46% | +37.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -43.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -52.95% | -23.67% | -29.28% |
Average DrawdownAverage peak-to-trough decline | -22.49% | -34.95% | +12.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.60% | — |
Volatility
NIOG vs. SOXL - Volatility Comparison
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Volatility by Period
| NIOG | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 68.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 99.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 115.64% | 116.81% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.64% | 110.33% | +5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.64% | 100.60% | +15.04% |
NIOG vs. SOXL - Expense Ratio Comparison
Both NIOG and SOXL have an expense ratio of 0.75%.
Dividends
NIOG vs. SOXL - Dividend Comparison
Neither NIOG nor SOXL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.00% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
NIOG and SOXL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NIOG and SOXL have the same expense ratio: 0.75% per year.
NIOG and SOXL have nearly identical dividend yields, around 0.00%.
NIOG tracks NIO Inc. (NIO), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Leverage Shares and Direxion.
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