SNDU vs. NIOG

Last updated Jul 11, 2026

SNDU (T-REX 2X Long SNDK Daily Target ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - SNDU tracks the SanDisk Corporation (SNDK) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. At a 0.19 correlation, their price movements are largely independent. SNDU charges 1.50%/yr vs 0.75%/yr for NIOG.

Performance

SNDU vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long SNDK Daily Target ETF (SNDU) and Leverage Shares 2X Long NIO Daily ETF (NIOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNDU

• 1D: 6.28%
• 1M: -21.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -0.40%
• 1M: -17.51%
• 6M: -15.19%
• YTD: -30.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNDU vs. NIOG - Yearly Performance Comparison

	2026 (YTD)
SNDU T-REX 2X Long SNDK Daily Target ETF	461.44%
NIOG Leverage Shares 2X Long NIO Daily ETF	-34.67%

Correlation

The correlation between SNDU and NIOG is 0.19, 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 Mar 12, 2026	0.19

Return for Risk

SNDU vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SNDK Daily Target ETF (SNDU) 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.

Drawdowns

SNDU vs. NIOG - Drawdown Comparison

The maximum SNDU drawdown since its inception was -56.44%, roughly equal to the maximum NIOG drawdown of -56.27%. Use the drawdown chart below to compare losses from any high point for SNDU and NIOG.

Drawdown Indicators

	SNDU	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-56.44%	-56.27%	-0.17%
Current Drawdown Current decline from peak	-39.57%	-56.15%	+16.58%
Average Drawdown Average peak-to-trough decline	-13.78%	-24.97%	+11.19%

Volatility

Volatility by Period

	SNDU	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	221.91%	113.41%	+108.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	221.91%	113.41%	+108.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	221.91%	113.41%	+108.50%

SNDU vs. NIOG - Expense Ratio Comparison

SNDU has a 1.50% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

SNDU vs. NIOG - Dividend Comparison

Neither SNDU nor NIOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNDU and NIOG in my portfolio?

SNDU and NIOG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNDU 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, SNDU or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 1.50% for SNDU.

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

SNDU and NIOG have nearly identical dividend yields, around 0.00%.

What is the main difference between SNDU and NIOG?

SNDU tracks SanDisk Corporation (SNDK), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for SNDU and 0.75% for NIOG.