NUG vs. COM

Last updated Jul 12, 2026

NUG (Leverage Shares 2X Long NU Daily ETF) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both exchange-traded funds - NUG is a Leveraged Equities fund actively managed by Leverage Shares, while COM is a Commodities fund tracking the Auspice Broad Commodity ER Index. NUG is actively managed, while COM is passively managed. At a correlation of -0.02, they often move in opposite directions. NUG charges 0.75%/yr vs 0.70%/yr for COM.

Performance

NUG vs. COM - Performance Comparison

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

Returns By Period

In the year-to-date period, NUG achieves a -42.23% return, which is significantly lower than COM's 14.36% return.

NUG

• 1D: 1.74%
• 1M: 26.30%
• 6M: -46.73%
• YTD: -42.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COM

• 1D: 0.48%
• 1M: 1.71%
• 6M: 12.11%
• YTD: 14.36%
• 1Y: 20.60%
• 3Y*: 7.70%
• 5Y*: 8.51%
• 10Y*: —

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

NUG vs. COM - Yearly Performance Comparison

	2026 (YTD)	2025
NUG Leverage Shares 2X Long NU Daily ETF	-42.23%	9.30%
COM Direxion Auspice Broad Commodity Strategy ETF	14.36%	0.59%

Correlation

The correlation between NUG and COM 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

NUG vs. COM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

COM

COM Risk / Return Rank: 76
COM Sharpe Ratio Rank: 83
COM Sortino Ratio Rank: 81
COM Omega Ratio Rank: 83
COM Calmar Ratio Rank: 71
COM Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUG vs. COM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NU Daily ETF (NUG) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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	COM	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.88	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	2.89	—
Martin ratio: Return relative to average drawdown	—	8.66	—

Drawdowns

NUG vs. COM - Drawdown Comparison

The maximum NUG drawdown since its inception was -66.15%, which is greater than COM's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for NUG and COM.

Drawdown Indicators

	NUG	COM	Difference
Max Drawdown Largest peak-to-trough decline	-66.15%	-15.95%	-50.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.02%	—
Current Drawdown Current decline from peak	-53.26%	-5.04%	-48.22%
Average Drawdown Average peak-to-trough decline	-33.78%	-6.28%	-27.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	NUG	COM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.71%	10.40%	+69.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.71%	9.50%	+70.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.71%	9.75%	+69.96%

NUG vs. COM - Expense Ratio Comparison

NUG has a 0.75% expense ratio, which is higher than COM's 0.70% expense ratio.

Dividends

NUG vs. COM - Dividend Comparison

NUG has not paid dividends to shareholders, while COM's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COM Direxion Auspice Broad Commodity Strategy ETF	2.54%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%
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%	0.00%

Frequently Asked Questions

Can I hold both NUG and COM in my portfolio?

NUG and COM 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, NUG or COM?

On fees, COM is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUG or COM?

COM is cheaper with a 0.70% expense ratio, compared with 0.75% for NUG.

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

COM has the higher dividend yield at 2.54%, compared with 0.00% for NUG.

What is the main difference between NUG and COM?

NUG is categorized as Leveraged Equities, while COM is Commodities. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for NUG and 0.70% for COM.