TXNU vs. NIOG

Last updated Jul 18, 2026

TXNU (Direxion Daily TXN Bull 2X ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds. TXNU is actively managed, while NIOG is passively managed. At a 0.18 correlation, their price movements are largely independent.

Performance

TXNU vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TXN Bull 2X ETF (TXNU) and Leverage Shares 2X Long NIO Daily ETF (NIOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TXNU

• 1D: -4.82%
• 1M: -15.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -3.90%
• 1M: -8.23%
• 6M: -13.50%
• YTD: -27.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXNU vs. NIOG - Yearly Performance Comparison

	2026 (YTD)
TXNU Direxion Daily TXN Bull 2X ETF	84.23%
NIOG Leverage Shares 2X Long NIO Daily ETF	-36.49%

Correlation

The correlation between TXNU and NIOG is 0.18, 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 25, 2026	0.18

Return for Risk

TXNU vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TXN Bull 2X ETF (TXNU) 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

TXNU vs. NIOG - Drawdown Comparison

The maximum TXNU drawdown since its inception was -29.71%, smaller than the maximum NIOG drawdown of -56.27%. Use the drawdown chart below to compare losses from any high point for TXNU and NIOG.

Drawdown Indicators

	TXNU	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-29.71%	-56.27%	+26.56%
Current Drawdown Current decline from peak	-29.71%	-54.39%	+24.68%
Average Drawdown Average peak-to-trough decline	-9.09%	-25.93%	+16.84%

Volatility

Volatility by Period

	TXNU	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	115.50%	112.02%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.50%	112.02%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.50%	112.02%	+3.48%

Dividends

TXNU vs. NIOG - Dividend Comparison

TXNU's dividend yield for the trailing twelve months is around 0.36%, while NIOG has not paid dividends to shareholders.

Position	TTM
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%
TXNU Direxion Daily TXN Bull 2X ETF	0.36%

Frequently Asked Questions

Can I hold both TXNU and NIOG in my portfolio?

TXNU and NIOG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TXNU has the higher dividend yield at 0.36%, compared with 0.00% for NIOG.

What is the main difference between TXNU and NIOG?

They also come from different issuers: Direxion and Leverage Shares.