SMUP vs. NUG
SMUP (T-REX 2X Long SMR Daily Target ETF) and NUG (Leverage Shares 2X Long NU Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.41 correlation means their historical movements had little consistent relationship. SMUP charges 1.50%/yr vs 0.75%/yr for NUG.
Performance
SMUP vs. NUG - Performance Comparison
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Returns By Period
In the year-to-date period, SMUP achieves a -81.65% return, which is significantly lower than NUG's -38.20% return.
SMUP
- 1D
- -4.68%
- 1M
- -31.41%
- 6M
- -86.68%
- YTD
- -81.65%
- 1Y
- -98.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -99.09%
NUG
- 1D
- -2.32%
- 1M
- 9.27%
- 6M
- -43.84%
- YTD
- -38.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $95.16K | $98.38K | $124.99K | |
| $628.22K | $794.08K | $1.84M |
SMUP vs. NUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMUP T-REX 2X Long SMR Daily Target ETF | -81.65% | -65.40% |
NUG Leverage Shares 2X Long NU Daily ETF | -38.20% | 9.30% |
Correlation
The correlation between SMUP and NUG is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.41 |
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Return for Risk
SMUP vs. NUG — Risk / Return Rank
SMUP
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMUP vs. NUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SMR Daily Target ETF (SMUP) and Leverage Shares 2X Long NU Daily ETF (NUG). 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.
| SMUP | NUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.80 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | — | — |
| Martin ratioReturn relative to average drawdown | -1.19 | — | — |
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Drawdowns
SMUP vs. NUG - Drawdown Comparison
The maximum SMUP drawdown since its inception was -99.35%, which is greater than NUG's maximum drawdown of -66.15%. Use the drawdown chart below to compare losses from any high point for SMUP and NUG.
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Drawdown Indicators
| SMUP | NUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.35% | -66.15% | -33.20% |
Max Drawdown (1Y)Largest decline over 1 year | -99.23% | — | — |
Current DrawdownCurrent decline from peak | -99.21% | -50.00% | -49.21% |
Average DrawdownAverage peak-to-trough decline | -81.94% | -35.24% | -46.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 85.24% | — | — |
Volatility
SMUP vs. NUG - Volatility Comparison
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Volatility by Period
| SMUP | NUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 133.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 201.28% | 79.01% | +122.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.19% | 79.01% | +121.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.19% | 79.01% | +121.18% |
SMUP vs. NUG - Expense Ratio Comparison
SMUP has a 1.50% expense ratio, which is higher than NUG's 0.75% expense ratio.
Dividends
SMUP vs. NUG - Dividend Comparison
SMUP's dividend yield for the trailing twelve months is around 123.10%, while NUG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
NUG Leverage Shares 2X Long NU Daily ETF | 0.00% | 0.00% |
SMUP T-REX 2X Long SMR Daily Target ETF | 123.10% | 22.59% |
Frequently Asked Questions
SMUP and NUG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUG is cheaper with a 0.75% expense ratio, compared with 1.50% for SMUP.
SMUP has the higher dividend yield at 123.10%, compared with 0.00% for NUG.
They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for SMUP and 0.75% for NUG.
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