SKF vs. NBIG
SKF (ProShares UltraShort Financials) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. SKF is passively managed, while NBIG is actively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. SKF charges 0.95%/yr vs 0.75%/yr for NBIG.
Performance
SKF vs. NBIG - Performance Comparison
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Returns By Period
In the year-to-date period, SKF achieves a -8.93% return, which is significantly lower than NBIG's 179.36% return.
SKF
- 1D
- -1.38%
- 1M
- -5.58%
- 6M
- -11.53%
- YTD
- -8.93%
- 1Y
- -18.86%
- 3Y*
- -27.34%
- 5Y*
- -19.36%
- 10Y*
- -27.10%
- ALL TIME*
- -28.15%
NBIG
- 1D
- 23.39%
- 1M
- -21.75%
- 6M
- 170.93%
- YTD
- 179.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.25M | $46.33M | $38.34M | |
| $327.82K | $374.40K | $433.73K |
SKF vs. NBIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SKF ProShares UltraShort Financials | -8.93% | -5.58% |
NBIG Leverage Shares 2X Long NBIS Daily ETF | 179.36% | -59.80% |
Correlation
The correlation between SKF and NBIG is -0.08, 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 Oct 27, 2025 | -0.08 |
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Return for Risk
SKF vs. NBIG — Risk / Return Rank
SKF
NBIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SKF vs. NBIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Financials (SKF) and Leverage Shares 2X Long NBIS Daily ETF (NBIG). 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.
| SKF | NBIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | — | — |
| Martin ratioReturn relative to average drawdown | -1.46 | — | — |
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Drawdowns
SKF vs. NBIG - Drawdown Comparison
The maximum SKF drawdown since its inception was -99.96%, which is greater than NBIG's maximum drawdown of -78.77%. Use the drawdown chart below to compare losses from any high point for SKF and NBIG.
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Drawdown Indicators
| SKF | NBIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -78.77% | -21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -30.59% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -69.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.90% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -58.80% | -41.16% |
Average DrawdownAverage peak-to-trough decline | -89.33% | -42.17% | -47.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.93% | — | — |
Volatility
SKF vs. NBIG - Volatility Comparison
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Volatility by Period
| SKF | NBIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.32% | 219.67% | -190.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.92% | 219.67% | -183.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.78% | 219.67% | -178.89% |
SKF vs. NBIG - Expense Ratio Comparison
SKF has a 0.95% expense ratio, which is higher than NBIG's 0.75% expense ratio.
Dividends
SKF vs. NBIG - Dividend Comparison
SKF's dividend yield for the trailing twelve months is around 4.70%, while NBIG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NBIG Leverage Shares 2X Long NBIS Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SKF ProShares UltraShort Financials | 4.70% | 5.61% | 7.94% | 3.93% | 0.03% | 0.00% | 0.11% | 1.29% | 0.06% |
Frequently Asked Questions
SKF and NBIG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBIG is cheaper with a 0.75% expense ratio, compared with 0.95% for SKF.
SKF has the higher dividend yield at 4.70%, compared with 0.00% for NBIG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for SKF and 0.75% for NBIG.
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