UPSG vs. NEMG
UPSG (Leverage Shares 2X Long UPS Daily ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
UPSG vs. NEMG - Performance Comparison
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Returns By Period
In the year-to-date period, UPSG achieves a 8.86% return, which is significantly higher than NEMG's -20.44% return.
UPSG
- 1D
- -2.17%
- 1M
- 8.09%
- YTD
- 8.86%
- 6M
- 6.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEMG
- 1D
- -7.98%
- 1M
- -20.02%
- YTD
- -20.44%
- 6M
- -28.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSG vs. NEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UPSG Leverage Shares 2X Long UPS Daily ETF | 8.86% | -3.39% |
NEMG Leverage Shares 2x Long NEM Daily ETF | -20.44% | 10.22% |
Correlation
The correlation between UPSG and NEMG is 0.25, 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 Dec 11, 2025 | 0.25 |
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Return for Risk
UPSG vs. NEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long UPS Daily ETF (UPSG) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
UPSG vs. NEMG - Drawdown Comparison
The maximum UPSG drawdown since its inception was -37.29%, smaller than the maximum NEMG drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for UPSG and NEMG.
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Drawdown Indicators
| UPSG | NEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -57.56% | +20.27% |
Current DrawdownCurrent decline from peak | -23.67% | -53.44% | +29.77% |
Average DrawdownAverage peak-to-trough decline | -17.22% | -23.21% | +5.99% |
Volatility
UPSG vs. NEMG - Volatility Comparison
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Volatility by Period
| UPSG | NEMG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 60.62% | 102.63% | -42.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.62% | 102.63% | -42.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 102.63% | -42.01% |
UPSG vs. NEMG - Expense Ratio Comparison
Both UPSG and NEMG have an expense ratio of 0.75%.
Dividends
UPSG vs. NEMG - Dividend Comparison
Neither UPSG nor NEMG has paid dividends to shareholders.
Frequently Asked Questions
UPSG and NEMG have a correlation of 0.25, 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.
UPSG and NEMG have the same expense ratio: 0.75% per year.
UPSG and NEMG have nearly identical dividend yields, around 0.00%.
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