NUG vs. CMDY
NUG (Leverage Shares 2X Long NU Daily ETF) and CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) are both exchange-traded funds - NUG is a Leveraged Equities fund actively managed by Leverage Shares, while CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. NUG is actively managed, while CMDY is passively managed. At a correlation of -0.14, they often move in opposite directions. NUG charges 0.75%/yr vs 0.28%/yr for CMDY.
Performance
NUG vs. CMDY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NUG achieves a -42.23% return, which is significantly lower than CMDY's 16.78% return.
NUG
- 1D
- 1.74%
- 1M
- 26.30%
- 6M
- -46.73%
- YTD
- -42.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMDY
- 1D
- -0.07%
- 1M
- -1.66%
- 6M
- 14.34%
- YTD
- 16.78%
- 1Y
- 24.63%
- 3Y*
- 11.79%
- 5Y*
- 9.43%
- 10Y*
- —
NUG vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUG Leverage Shares 2X Long NU Daily ETF | -42.23% | 9.30% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 16.78% | 1.22% |
Correlation
The correlation between NUG and CMDY is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NUG vs. CMDY — Risk / Return Rank
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CMDY
NUG vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NU Daily ETF (NUG) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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.
| NUG | CMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.81 | — |
| Martin ratioReturn relative to average drawdown | — | 6.24 | — |
Loading charts...
Drawdowns
NUG vs. CMDY - Drawdown Comparison
The maximum NUG drawdown since its inception was -66.15%, which is greater than CMDY's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for NUG and CMDY.
Loading charts...
Drawdown Indicators
| NUG | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.15% | -31.19% | -34.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.56% | — |
Current DrawdownCurrent decline from peak | -53.26% | -10.60% | -42.66% |
Average DrawdownAverage peak-to-trough decline | -33.78% | -13.11% | -20.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.11% | — |
Volatility
NUG vs. CMDY - Volatility Comparison
Loading charts...
Volatility by Period
| NUG | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.71% | 16.45% | +63.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.71% | 15.80% | +63.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.71% | 14.65% | +65.06% |
NUG vs. CMDY - Expense Ratio Comparison
NUG has a 0.75% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Dividends
NUG vs. CMDY - Dividend Comparison
NUG has not paid dividends to shareholders, while CMDY's dividend yield for the trailing twelve months is around 11.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 11.04% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
NUG Leverage Shares 2X Long NU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUG and CMDY have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMDY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.75% for NUG.
CMDY has the higher dividend yield at 11.04%, compared with 0.00% for NUG.
NUG is categorized as Leveraged Equities, while CMDY is Commodities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for NUG and 0.28% for CMDY.
Find the right allocation for NUG and CMDY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer