RBLU vs. NIOG

Last updated Aug 4, 2026

RBLU (T-Rex 2X Long RBLX Daily Target ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - RBLU tracks the Roblox Corp. Class A (RBLX) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. Their 0.11 correlation means their historical movements had little consistent relationship. RBLU charges 1.05%/yr vs 0.75%/yr for NIOG.

Performance

RBLU vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long RBLX Daily Target ETF (RBLU) and Leverage Shares 2X Long NIO Daily ETF (NIOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RBLU achieves a -88.47% return, which is significantly lower than NIOG's -29.92% return.

RBLU

• 1D: 6.33%
• 1M: -63.24%
• 6M: -82.19%
• YTD: -88.47%
• 1Y: -96.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -74.71%

NIOG

• 1D: -3.27%
• 1M: -0.92%
• 6M: -8.89%
• YTD: -29.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NIOG Leverage Shares 2X Long NIO Daily ETF	$111.82K	$140.26K	$405.42K
RBLU T-Rex 2X Long RBLX Daily Target ETF	$3.87M	$2.37M	$2.31M

RBLU vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
RBLU T-Rex 2X Long RBLX Daily Target ETF	-88.47%	-12.27%
NIOG Leverage Shares 2X Long NIO Daily ETF	-29.92%	3.25%

Correlation

The correlation between RBLU and NIOG is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.11

Return for Risk

RBLU vs. NIOG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RBLU

RBLU Risk / Return Rank: 1
RBLU Sharpe Ratio Rank: 3
RBLU Sortino Ratio Rank: 1
RBLU Omega Ratio Rank: 0
RBLU Calmar Ratio Rank: 0
RBLU Martin Ratio Rank: 2

NIOG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RBLU vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long RBLX Daily Target ETF (RBLU) and Leverage Shares 2X Long NIO Daily ETF (NIOG). 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.

	RBLU	NIOG	Difference
Sharpe ratio: Return per unit of total volatility	-0.71	—	—
Sortino ratio: Return per unit of downside risk	-2.00	—	—
Omega ratio: Gain probability vs. loss probability	0.74	—	—
Calmar ratio: Return relative to maximum drawdown	-0.99	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

RBLU vs. NIOG - Drawdown Comparison

The maximum RBLU drawdown since its inception was -96.97%, which is greater than NIOG's maximum drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for RBLU and NIOG.

Drawdown Indicators

	RBLU	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-96.97%	-61.79%	-35.18%
Max Drawdown (1Y) Largest decline over 1 year	-96.92%	—	—
Current Drawdown Current decline from peak	-96.78%	-56.09%	-40.69%
Average Drawdown Average peak-to-trough decline	-48.52%	-28.17%	-20.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.70%	—	—

Volatility

Volatility by Period

	RBLU	NIOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	82.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	126.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	135.50%	109.17%	+26.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.71%	109.17%	+18.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.71%	109.17%	+18.54%

RBLU vs. NIOG - Expense Ratio Comparison

RBLU has a 1.05% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

RBLU vs. NIOG - Dividend Comparison

RBLU's dividend yield for the trailing twelve months is around 11.23%, while NIOG has not paid dividends to shareholders.

Position	TTM	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%
RBLU T-Rex 2X Long RBLX Daily Target ETF	11.23%	1.29%

Frequently Asked Questions

Can I hold both RBLU and NIOG in my portfolio?

RBLU and NIOG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RBLU or NIOG?

On fees, NIOG 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, RBLU or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 1.05% for RBLU.

Which ETF pays a higher dividend yield, RBLU or NIOG?

RBLU has the higher dividend yield at 11.23%, compared with 0.00% for NIOG.

What is the main difference between RBLU and NIOG?

RBLU tracks Roblox Corp. Class A (RBLX), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.05% for RBLU and 0.75% for NIOG.