SMU vs. NEBX
SMU (Tradr 2X Long SMR Daily ETF) and NEBX (Tradr 2X Long NBIS Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 1.30% expense ratio.
Performance
SMU vs. NEBX - Performance Comparison
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Returns By Period
In the year-to-date period, SMU achieves a -65.34% return, which is significantly lower than NEBX's 571.70% return.
SMU
- 1D
- -8.13%
- 1M
- -13.60%
- YTD
- -65.34%
- 6M
- -74.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEBX
- 1D
- -2.43%
- 1M
- 61.07%
- YTD
- 571.70%
- 6M
- 435.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMU vs. NEBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMU Tradr 2X Long SMR Daily ETF | -65.34% | -89.13% |
NEBX Tradr 2X Long NBIS Daily ETF | 571.70% | -37.72% |
Correlation
The correlation between SMU and NEBX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025 | 0.51 |
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Return for Risk
SMU vs. NEBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SMR Daily ETF (SMU) and Tradr 2X Long NBIS Daily ETF (NEBX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
SMU vs. NEBX - Drawdown Comparison
The maximum SMU drawdown since its inception was -98.96%, which is greater than NEBX's maximum drawdown of -77.97%. Use the drawdown chart below to compare losses from any high point for SMU and NEBX.
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Drawdown Indicators
| SMU | NEBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -77.97% | -20.99% |
Current DrawdownCurrent decline from peak | -98.53% | -2.43% | -96.10% |
Average DrawdownAverage peak-to-trough decline | -76.71% | -39.27% | -37.44% |
Volatility
SMU vs. NEBX - Volatility Comparison
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Volatility by Period
| SMU | NEBX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 204.83% | 192.31% | +12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.83% | 192.31% | +12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.83% | 192.31% | +12.52% |
SMU vs. NEBX - Expense Ratio Comparison
Both SMU and NEBX have an expense ratio of 1.30%.
Dividends
SMU vs. NEBX - Dividend Comparison
Neither SMU nor NEBX has paid dividends to shareholders.
Frequently Asked Questions
SMU and NEBX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SMU and NEBX have the same expense ratio: 1.30% per year.
SMU and NEBX have nearly identical dividend yields, around 0.00%.
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