SPYQ vs. NEMG

Last updated Jun 24, 2026

SPYQ (Tradr 2X Long SPY Quarterly ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. SPYQ charges 1.30%/yr vs 0.75%/yr for NEMG.

Performance

SPYQ vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long SPY Quarterly ETF (SPYQ) 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, SPYQ achieves a 11.91% return, which is significantly higher than NEMG's -20.44% return.

SPYQ

• 1D: -2.39%
• 1M: -2.84%
• YTD: 11.91%
• 6M: 9.83%
• 1Y: 39.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -7.98%
• 1M: -20.02%
• YTD: -20.44%
• 6M: -28.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPYQ vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
SPYQ Tradr 2X Long SPY Quarterly ETF	11.91%	2.80%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between SPYQ and NEMG is 0.48, 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 17, 2025	0.48

Return for Risk

SPYQ vs. NEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYQ

SPYQ Risk / Return Rank: 48
SPYQ Sharpe Ratio Rank: 49
SPYQ Sortino Ratio Rank: 44
SPYQ Omega Ratio Rank: 46
SPYQ Calmar Ratio Rank: 44
SPYQ Martin Ratio Rank: 55

NEMG

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYQ vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SPY Quarterly ETF (SPYQ) 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.

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.

	SPYQ	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.11	—	—
Martin ratio: Return relative to average drawdown	9.19	—	—

Drawdowns

SPYQ vs. NEMG - Drawdown Comparison

The maximum SPYQ drawdown since its inception was -35.88%, smaller than the maximum NEMG drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for SPYQ and NEMG.

Drawdown Indicators

	SPYQ	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-35.88%	-57.56%	+21.68%
Max Drawdown (1Y) Largest decline over 1 year	-18.70%	—	—
Current Drawdown Current decline from peak	-5.82%	-53.44%	+47.62%
Average Drawdown Average peak-to-trough decline	-4.86%	-23.21%	+18.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	—	—

Volatility

Volatility by Period

	SPYQ	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.72%	102.63%	-77.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.60%	102.63%	-68.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.60%	102.63%	-68.03%

SPYQ vs. NEMG - Expense Ratio Comparison

SPYQ has a 1.30% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

SPYQ vs. NEMG - Dividend Comparison

SPYQ's dividend yield for the trailing twelve months is around 0.15%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%
SPYQ Tradr 2X Long SPY Quarterly ETF	0.15%	0.17%

Frequently Asked Questions

Can I hold both SPYQ and NEMG in my portfolio?

SPYQ and NEMG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYQ 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, SPYQ or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.30% for SPYQ.

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

SPYQ has the higher dividend yield at 0.15%, compared with 0.00% for NEMG.

What is the main difference between SPYQ and NEMG?

They also come from different issuers: AXS and Leverage Shares. Their fees differ too: 1.30% for SPYQ and 0.75% for NEMG.