NUG vs. AALG

Last updated Jun 23, 2026

NUG (Leverage Shares 2X Long NU Daily ETF) and AALG (Leverage Shares 2X Long AAL Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. NUG charges 0.75%/yr vs 0.78%/yr for AALG.

Performance

NUG vs. AALG - Performance Comparison

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

Returns By Period

In the year-to-date period, NUG achieves a -49.34% return, which is significantly lower than AALG's -7.64% return.

NUG

• 1D: 1.13%
• 1M: -1.26%
• YTD: -49.34%
• 6M: -48.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AALG

• 1D: 0.88%
• 1M: 30.62%
• YTD: -7.64%
• 6M: -18.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUG vs. AALG - Yearly Performance Comparison

	2026 (YTD)	2025
NUG Leverage Shares 2X Long NU Daily ETF	-49.34%	9.30%
AALG Leverage Shares 2X Long AAL Daily ETF	-7.64%	40.45%

Correlation

The correlation between NUG and AALG is 0.36, 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 Nov 17, 2025	0.36

Return for Risk

NUG vs. AALG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NU Daily ETF (NUG) and Leverage Shares 2X Long AAL Daily ETF (AALG). 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

NUG vs. AALG - Drawdown Comparison

The maximum NUG drawdown since its inception was -66.15%, roughly equal to the maximum AALG drawdown of -64.19%. Use the drawdown chart below to compare losses from any high point for NUG and AALG.

Drawdown Indicators

	NUG	AALG	Difference
Max Drawdown Largest peak-to-trough decline	-66.15%	-64.19%	-1.96%
Current Drawdown Current decline from peak	-59.01%	-18.31%	-40.70%
Average Drawdown Average peak-to-trough decline	-31.80%	-25.60%	-6.20%

Volatility

Volatility by Period

	NUG	AALG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.90%	96.00%	-16.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.90%	96.00%	-16.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.90%	96.00%	-16.10%

NUG vs. AALG - Expense Ratio Comparison

NUG has a 0.75% expense ratio, which is lower than AALG's 0.78% expense ratio.

Dividends

NUG vs. AALG - Dividend Comparison

NUG has not paid dividends to shareholders, while AALG's dividend yield for the trailing twelve months is around 1.68%.

Position	TTM	2025
AALG Leverage Shares 2X Long AAL Daily ETF	1.68%	1.56%
NUG Leverage Shares 2X Long NU Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUG and AALG in my portfolio?

NUG and AALG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUG or AALG?

On fees, NUG 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, NUG or AALG?

NUG is cheaper with a 0.75% expense ratio, compared with 0.78% for AALG.

Which ETF pays a higher dividend yield, NUG or AALG?

AALG has the higher dividend yield at 1.68%, compared with 0.00% for NUG.

What is the main difference between NUG and AALG?

Their fees differ too: 0.75% for NUG and 0.78% for AALG.