SNAG vs. NIOG
SNAG (Leverage Shares 2X Long SNAP Daily ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds from Leverage Shares - SNAG tracks the Snap Inc. (SNAP) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. Their 0.11 correlation means their historical movements had little consistent relationship. Both charge a 0.75% expense ratio.
Performance
SNAG vs. NIOG - Performance Comparison
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Returns By Period
In the year-to-date period, SNAG achieves a -74.30% return, which is significantly lower than NIOG's -27.56% return.
SNAG
- 1D
- 0.77%
- 1M
- -6.80%
- 6M
- -64.14%
- YTD
- -74.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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 | |
| $221.93K | $169.86K | $336.10K |
SNAG vs. NIOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SNAG Leverage Shares 2X Long SNAP Daily ETF | -74.30% | 9.86% |
NIOG Leverage Shares 2X Long NIO Daily ETF | -27.56% | 3.25% |
Correlation
The correlation between SNAG and NIOG is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.11 |
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Return for Risk
SNAG vs. NIOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SNAP Daily ETF (SNAG) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
SNAG vs. NIOG - Drawdown Comparison
The maximum SNAG drawdown since its inception was -81.94%, which is greater than NIOG's maximum drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for SNAG and NIOG.
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Drawdown Indicators
| SNAG | NIOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.94% | -61.79% | -20.15% |
Current DrawdownCurrent decline from peak | -78.21% | -54.61% | -23.60% |
Average DrawdownAverage peak-to-trough decline | -59.79% | -27.99% | -31.80% |
Volatility
SNAG vs. NIOG - Volatility Comparison
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Volatility by Period
| SNAG | NIOG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 116.18% | 109.44% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.18% | 109.44% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.18% | 109.44% | +6.74% |
SNAG vs. NIOG - Expense Ratio Comparison
Both SNAG and NIOG have an expense ratio of 0.75%.
Dividends
SNAG vs. NIOG - Dividend Comparison
Neither SNAG nor NIOG has paid dividends to shareholders.
Frequently Asked Questions
SNAG and NIOG have a correlation of 0.11, 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 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SNAG and NIOG have the same expense ratio: 0.75% per year.
SNAG and NIOG have nearly identical dividend yields, around 0.00%.
SNAG tracks Snap Inc. (SNAP), while NIOG tracks NIO Inc. (NIO).
Find the right allocation for SNAG and NIOG
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