PBRG vs. NTSD

Last updated Jun 6, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. PBRG is passively managed, while NTSD is actively managed. At a correlation of -0.28, they often move in opposite directions. PBRG charges 0.75%/yr vs 0.35%/yr for NTSD.

Performance

PBRG vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PBR Daily ETF (PBRG) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PBRG

• 1D: -3.51%
• 1M: -27.22%
• YTD: 110.89%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTSD

• 1D: -3.68%
• 1M: -0.32%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBRG vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
PBRG Leverage Shares 2X Long PBR Daily ETF	-20.38%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	14.79%

Correlation

The correlation between PBRG and NTSD is -0.28, 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 Mar 20, 2026	-0.28

Return for Risk

PBRG vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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

	PBRG	NTSD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	7.14	3.59	+3.55

Drawdowns

PBRG vs. NTSD - Drawdown Comparison

The maximum PBRG drawdown since its inception was -34.71%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for PBRG and NTSD.

Drawdown Indicators

	PBRG	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-34.71%	-5.20%	-29.51%
Current Drawdown Current decline from peak	-34.71%	-3.72%	-30.99%
Average Drawdown Average peak-to-trough decline	-6.54%	-0.88%	-5.66%

Volatility

Volatility by Period

	PBRG	NTSD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.61%	25.41%	+45.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.61%	25.41%	+45.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.61%	25.41%	+45.20%

PBRG vs. NTSD - Expense Ratio Comparison

PBRG has a 0.75% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

PBRG vs. NTSD - Dividend Comparison

Neither PBRG nor NTSD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PBRG and NTSD in my portfolio?

PBRG and NTSD have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBRG or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBRG or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.75% for PBRG.

Which ETF pays a higher dividend yield, PBRG or NTSD?

PBRG and NTSD have nearly identical dividend yields, around 0.00%.

What is the main difference between PBRG and NTSD?

They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.75% for PBRG and 0.35% for NTSD.