NUG vs. ISUL

Last updated Jun 5, 2026

NUG (Leverage Shares 2X Long NU Daily ETF) and ISUL (GraniteShares 2X Long ISRG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. NUG charges 0.75%/yr vs 1.50%/yr for ISUL.

Performance

NUG vs. ISUL - Performance Comparison

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

Returns By Period

In the year-to-date period, NUG achieves a -53.90% return, which is significantly lower than ISUL's -49.45% return.

NUG

• 1D: 8.70%
• 1M: -29.88%
• YTD: -53.90%
• 6M: -59.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISUL

• 1D: 5.64%
• 1M: -15.91%
• YTD: -49.45%
• 6M: -50.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUG vs. ISUL - Yearly Performance Comparison

	2026 (YTD)	2025
NUG Leverage Shares 2X Long NU Daily ETF	-53.90%	11.88%
ISUL GraniteShares 2X Long ISRG Daily ETF	-49.45%	5.83%

Correlation

The correlation between NUG and ISUL is 0.33, 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 18, 2025	0.33

Return for Risk

NUG vs. ISUL - Risk-Adjusted Trends Comparison

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

Sharpe Ratios by Period

	NUG	ISUL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.88	-0.45	-0.42

Drawdowns

NUG vs. ISUL - Drawdown Comparison

The maximum NUG drawdown since its inception was -65.69%, which is greater than ISUL's maximum drawdown of -57.20%. Use the drawdown chart below to compare losses from any high point for NUG and ISUL.

Drawdown Indicators

	NUG	ISUL	Difference
Max Drawdown Largest peak-to-trough decline	-65.69%	-57.20%	-8.49%
Current Drawdown Current decline from peak	-62.70%	-53.68%	-9.02%
Average Drawdown Average peak-to-trough decline	-29.51%	-24.28%	-5.23%

Volatility

Volatility by Period

	NUG	ISUL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	81.01%	66.82%	+14.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.01%	66.82%	+14.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.01%	66.82%	+14.19%

NUG vs. ISUL - Expense Ratio Comparison

NUG has a 0.75% expense ratio, which is lower than ISUL's 1.50% expense ratio.

Dividends

NUG vs. ISUL - Dividend Comparison

Neither NUG nor ISUL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NUG and ISUL in my portfolio?

NUG and ISUL have a correlation of 0.33, 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 ISUL?

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 ISUL?

NUG is cheaper with a 0.75% expense ratio, compared with 1.50% for ISUL.

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

NUG and ISUL have nearly identical dividend yields, around 0.00%.

What is the main difference between NUG and ISUL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for NUG and 1.50% for ISUL.