SOUX vs. NEMG

Last updated Jun 5, 2026

SOUX (Defiance Daily Target 2X Long SOUN ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. At a 0.20 correlation, their price movements are largely independent. SOUX charges 1.29%/yr vs 0.75%/yr for NEMG.

Performance

SOUX vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long SOUN ETF (SOUX) and Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOUX achieves a -56.46% return, which is significantly lower than NEMG's 0.49% return.

SOUX

• 1D: -1.00%
• 1M: -27.92%
• YTD: -56.46%
• 6M: -75.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: 1.47%
• 1M: -3.03%
• YTD: 0.49%
• 6M: 19.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOUX vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
SOUX Defiance Daily Target 2X Long SOUN ETF	-56.46%	-30.57%
NEMG Leverage Shares 2x Long NEM Daily ETF	0.49%	27.79%

Correlation

The correlation between SOUX and NEMG is 0.20, 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 Nov 18, 2025	0.20

Return for Risk

SOUX vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) and Leverage Shares 2x Long NEM Daily ETF (NEMG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SOUX	NEMG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	0.59	-1.06

Drawdowns

SOUX vs. NEMG - Drawdown Comparison

The maximum SOUX drawdown since its inception was -95.03%, which is greater than NEMG's maximum drawdown of -51.18%. Use the drawdown chart below to compare losses from any high point for SOUX and NEMG.

Drawdown Indicators

	SOUX	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-95.03%	-51.18%	-43.85%
Current Drawdown Current decline from peak	-92.32%	-41.20%	-51.12%
Average Drawdown Average peak-to-trough decline	-59.67%	-20.86%	-38.81%

Volatility

Volatility by Period

	SOUX	NEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	163.11%	99.99%	+63.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	163.11%	99.99%	+63.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	163.11%	99.99%	+63.12%

SOUX vs. NEMG - Expense Ratio Comparison

SOUX has a 1.29% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

SOUX vs. NEMG - Dividend Comparison

SOUX's dividend yield for the trailing twelve months is around 46.60%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%
SOUX Defiance Daily Target 2X Long SOUN ETF	46.60%	20.29%

Frequently Asked Questions

Can I hold both SOUX and NEMG in my portfolio?

SOUX and NEMG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOUX or NEMG?

On fees, NEMG 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, SOUX or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.29% for SOUX.

Which ETF pays a higher dividend yield, SOUX or NEMG?

SOUX has the higher dividend yield at 46.60%, compared with 0.00% for NEMG.

What is the main difference between SOUX and NEMG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for SOUX and 0.75% for NEMG.