RGTX vs. NIOG

Last updated Jun 26, 2026

RGTX (Defiance Daily Target 2X Long RGTI ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds. RGTX is actively managed, while NIOG is passively managed. At a 0.24 correlation, their price movements are largely independent. RGTX charges 1.29%/yr vs 0.75%/yr for NIOG.

Performance

RGTX vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RGTI ETF (RGTX) 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, RGTX achieves a -65.29% return, which is significantly lower than NIOG's -30.21% return.

RGTX

• 1D: -12.00%
• 1M: -53.67%
• YTD: -65.29%
• 6M: -72.18%
• 1Y: -38.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -7.05%
• 1M: -21.38%
• YTD: -30.21%
• 6M: -25.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RGTX vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
RGTX Defiance Daily Target 2X Long RGTI ETF	-65.29%	-7.67%
NIOG Leverage Shares 2X Long NIO Daily ETF	-30.21%	3.25%

Correlation

The correlation between RGTX and NIOG is 0.24, 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 Dec 18, 2025	0.24

Return for Risk

RGTX vs. NIOG — Risk / Return Rank

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

RGTX

RGTX Risk / Return Rank: 14
RGTX Sharpe Ratio Rank: 8
RGTX Sortino Ratio Rank: 26
RGTX Omega Ratio Rank: 22
RGTX Calmar Ratio Rank: 6
RGTX Martin Ratio Rank: 7

NIOG

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

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.

RGTX vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RGTI ETF (RGTX) 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.

	RGTX	NIOG	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	—	—
Sortino ratio: Return per unit of downside risk	1.35	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	-0.40	—	—
Martin ratio: Return relative to average drawdown	-0.52	—	—

Drawdowns

RGTX vs. NIOG - Drawdown Comparison

The maximum RGTX drawdown since its inception was -97.33%, which is greater than NIOG's maximum drawdown of -56.27%. Use the drawdown chart below to compare losses from any high point for RGTX and NIOG.

Drawdown Indicators

	RGTX	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-97.33%	-56.27%	-41.06%
Max Drawdown (1Y) Largest decline over 1 year	-97.33%	—	—
Current Drawdown Current decline from peak	-96.41%	-56.27%	-40.14%
Average Drawdown Average peak-to-trough decline	-56.80%	-22.75%	-34.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.46%	—	—

Volatility

Volatility by Period

	RGTX	NIOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	64.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	140.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	218.82%	115.62%	+103.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	222.94%	115.62%	+107.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	222.94%	115.62%	+107.32%

RGTX vs. NIOG - Expense Ratio Comparison

RGTX has a 1.29% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

RGTX vs. NIOG - Dividend Comparison

RGTX's dividend yield for the trailing twelve months is around 1.57%, while NIOG has not paid dividends to shareholders.

Position	TTM	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%
RGTX Defiance Daily Target 2X Long RGTI ETF	1.57%	0.55%

Frequently Asked Questions

Can I hold both RGTX and NIOG in my portfolio?

RGTX and NIOG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGTX 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, RGTX or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 1.29% for RGTX.

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

RGTX has the higher dividend yield at 1.57%, compared with 0.00% for NIOG.

What is the main difference between RGTX and NIOG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for RGTX and 0.75% for NIOG.