NNEX vs. SPOG

Last updated Jun 27, 2026

NNEX (Tradr 2X Long NNE Daily ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.02 correlation, their price movements are largely independent. NNEX charges 1.30%/yr vs 0.75%/yr for SPOG.

Performance

NNEX vs. SPOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long NNE Daily ETF (NNEX) and Leverage Shares 2X Long SPOT Daily ETF (SPOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NNEX

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

SPOG

• 1D: 8.42%
• 1M: -20.87%
• YTD: -48.59%
• 6M: -49.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NNEX vs. SPOG - Yearly Performance Comparison

	2026 (YTD)	2025
NNEX Tradr 2X Long NNE Daily ETF	-33.86%	-52.10%
SPOG Leverage Shares 2X Long SPOT Daily ETF	-48.59%	-18.73%

Correlation

The correlation between NNEX and SPOG is 0.02, 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 Nov 17, 2025	0.02

Return for Risk

NNEX vs. SPOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long NNE Daily ETF (NNEX) and Leverage Shares 2X Long SPOT Daily ETF (SPOG). 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

Drawdown Indicators

	NNEX	SPOG	Difference
Max Drawdown Largest peak-to-trough decline	—	-64.41%	—
Current Drawdown Current decline from peak	—	-58.63%	—
Average Drawdown Average peak-to-trough decline	—	-41.75%	—

Volatility

Volatility by Period

	NNEX	SPOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	100.23%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	100.23%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	100.23%	—

NNEX vs. SPOG - Expense Ratio Comparison

NNEX has a 1.30% expense ratio, which is higher than SPOG's 0.75% expense ratio.

Dividends

NNEX vs. SPOG - Dividend Comparison

Neither NNEX nor SPOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NNEX and SPOG in my portfolio?

NNEX and SPOG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NNEX or SPOG?

On fees, SPOG 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, NNEX or SPOG?

SPOG is cheaper with a 0.75% expense ratio, compared with 1.30% for NNEX.

Which ETF pays a higher dividend yield, NNEX or SPOG?

NNEX and SPOG have nearly identical dividend yields, around 0.00%.

What is the main difference between NNEX and SPOG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for NNEX and 0.75% for SPOG.