RETL vs. NIOG
RETL (Direxion Daily Retail Bull 3X Shares) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - RETL tracks the Russell 1000 Retail Index (300%) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. Their 0.02 correlation means their historical movements had little consistent relationship. RETL charges 0.99%/yr vs 0.75%/yr for NIOG.
Performance
RETL vs. NIOG - Performance Comparison
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Returns By Period
In the year-to-date period, RETL achieves a 4.29% return, which is significantly higher than NIOG's -27.56% return.
RETL
- 1D
- -2.65%
- 1M
- 4.48%
- 6M
- 1.86%
- YTD
- 4.29%
- 1Y
- 25.37%
- 3Y*
- 6.42%
- 5Y*
- -25.86%
- 10Y*
- -4.91%
- ALL TIME*
- 14.86%
NIOG
- 1D
- 2.78%
- 1M
- 2.43%
- 6M
- -13.06%
- YTD
- -27.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $119.34K | $154.91K | $404.59K | |
| $3.76M | $4.05M | $5.48M |
RETL vs. NIOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RETL Direxion Daily Retail Bull 3X Shares | 4.29% | -6.59% |
NIOG Leverage Shares 2X Long NIO Daily ETF | -27.56% | 3.25% |
Correlation
The correlation between RETL and NIOG is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.02 |
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Return for Risk
RETL vs. NIOG — Risk / Return Rank
RETL
NIOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RETL vs. NIOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) 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.
| RETL | NIOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | — | — |
| Martin ratioReturn relative to average drawdown | 1.15 | — | — |
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Drawdowns
RETL vs. NIOG - Drawdown Comparison
The maximum RETL drawdown since its inception was -92.00%, which is greater than NIOG's maximum drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for RETL and NIOG.
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Drawdown Indicators
| RETL | NIOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.00% | -61.79% | -30.21% |
Max Drawdown (1Y)Largest decline over 1 year | -38.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -62.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.00% | — | — |
Current DrawdownCurrent decline from peak | -82.09% | -54.61% | -27.48% |
Average DrawdownAverage peak-to-trough decline | -37.99% | -27.99% | -10.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.45% | — | — |
Volatility
RETL vs. NIOG - Volatility Comparison
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Volatility by Period
| RETL | NIOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.19% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.62% | 109.44% | -47.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.45% | 109.44% | -29.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.05% | 109.44% | -29.39% |
RETL vs. NIOG - Expense Ratio Comparison
RETL has a 0.99% expense ratio, which is higher than NIOG's 0.75% expense ratio.
Dividends
RETL vs. NIOG - Dividend Comparison
RETL's dividend yield for the trailing twelve months is around 0.48%, while NIOG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NIOG Leverage Shares 2X Long NIO Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RETL Direxion Daily Retail Bull 3X Shares | 0.48% | 0.58% | 1.13% | 1.35% | 0.71% | 0.22% | 0.19% | 0.92% | 1.19% | 0.01% | 2.60% |
Frequently Asked Questions
RETL and NIOG 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.
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.
NIOG is cheaper with a 0.75% expense ratio, compared with 0.99% for RETL.
RETL has the higher dividend yield at 0.48%, compared with 0.00% for NIOG.
RETL tracks Russell 1000 Retail Index (300%), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.99% for RETL and 0.75% for NIOG.
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