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 0.18 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 5.09% return, which is significantly lower than SOXL's 567.48% return.
NIOG
- 1D
- -8.37%
- 1M
- -14.00%
- YTD
- 5.09%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 5.34%
- 1M
- 119.95%
- YTD
- 567.48%
- 6M
- 502.28%
- 1Y
- 1,438.30%
- 3Y*
- 135.13%
- 5Y*
- 48.72%
- 10Y*
- 65.39%
NIOG vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | 5.09% | 5.33% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 567.48% | 8.94% |
Correlation
The correlation between NIOG and SOXL is 0.18, 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 | 0.18 |
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Return for Risk
NIOG vs. SOXL — Risk / Return Rank
NIOG
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NIOG | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 14.28 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.52 | -0.30 |
Drawdowns
NIOG vs. SOXL - Drawdown Comparison
The maximum NIOG drawdown since its inception was -45.19%, 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 | -45.19% | -90.46% | +45.27% |
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 | -34.15% | 0.00% | -34.15% |
Average DrawdownAverage peak-to-trough decline | -19.65% | -35.01% | +15.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.65% | — |
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 | — | 40.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 81.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 120.05% | 102.11% | +17.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.05% | 107.25% | +12.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.05% | 99.04% | +21.01% |
NIOG vs. SOXL - Expense Ratio Comparison
Both NIOG and SOXL have an expense ratio of 0.75%.
Dividends
NIOG vs. SOXL - Dividend Comparison
NIOG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.
| 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 | 0.03% | 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 0.18, 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.
SOXL has the higher dividend yield at 0.03%, compared with 0.00% for NIOG.
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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