NIOG vs. XDSQ
NIOG (Leverage Shares 2X Long NIO Daily ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. NIOG is passively managed, while XDSQ is actively managed. At a 0.21 correlation, their price movements are largely independent. NIOG charges 0.75%/yr vs 0.79%/yr for XDSQ.
Performance
NIOG vs. XDSQ - Performance Comparison
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Returns By Period
In the year-to-date period, NIOG achieves a 5.09% return, which is significantly higher than XDSQ's 2.80% return.
NIOG
- 1D
- -8.37%
- 1M
- -14.00%
- YTD
- 5.09%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDSQ
- 1D
- 0.01%
- 1M
- 1.59%
- YTD
- 2.80%
- 6M
- 3.86%
- 1Y
- 15.98%
- 3Y*
- 15.02%
- 5Y*
- 9.80%
- 10Y*
- —
NIOG vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | 5.09% | 5.33% |
XDSQ Innovator US Equity Accelerated ETF | 2.80% | 1.56% |
Correlation
The correlation between NIOG and XDSQ is 0.21, 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 | 0.21 |
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Return for Risk
NIOG vs. XDSQ — Risk / Return Rank
NIOG
XDSQ
NIOG vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NIO Daily ETF (NIOG) and Innovator US Equity Accelerated ETF (XDSQ). 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 | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.52 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.69 | -0.48 |
Drawdowns
NIOG vs. XDSQ - Drawdown Comparison
The maximum NIOG drawdown since its inception was -45.19%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for NIOG and XDSQ.
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Drawdown Indicators
| NIOG | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -26.06% | -19.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.06% | — |
Current DrawdownCurrent decline from peak | -34.15% | 0.00% | -34.15% |
Average DrawdownAverage peak-to-trough decline | -19.65% | -4.96% | -14.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.01% | — |
Volatility
NIOG vs. XDSQ - Volatility Comparison
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Volatility by Period
| NIOG | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 120.05% | 10.56% | +109.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.05% | 15.27% | +104.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.05% | 15.10% | +104.95% |
NIOG vs. XDSQ - Expense Ratio Comparison
NIOG has a 0.75% expense ratio, which is lower than XDSQ's 0.79% expense ratio.
Dividends
NIOG vs. XDSQ - Dividend Comparison
Neither NIOG nor XDSQ has paid dividends to shareholders.
Frequently Asked Questions
NIOG and XDSQ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NIOG is cheaper with a 0.75% expense ratio, compared with 0.79% for XDSQ.
NIOG and XDSQ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for NIOG and 0.79% for XDSQ.
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