UYM vs. NIOG

Last updated Jun 26, 2026

UYM (ProShares Ultra Basic Materials) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - UYM tracks the Dow Jones U.S. Basic Materials Index (200%) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. At a 0.14 correlation, their price movements are largely independent. UYM charges 0.95%/yr vs 0.75%/yr for NIOG.

Performance

UYM vs. NIOG - Performance Comparison

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

Returns By Period

In the year-to-date period, UYM achieves a 26.59% return, which is significantly higher than NIOG's -30.21% return.

UYM

• 1D: 2.46%
• 1M: 3.16%
• YTD: 26.59%
• 6M: 23.94%
• 1Y: 34.92%
• 3Y*: 11.91%
• 5Y*: 6.54%
• 10Y*: 13.57%

NIOG

• 1D: -7.05%
• 1M: -21.38%
• YTD: -30.21%
• 6M: -25.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UYM vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
UYM ProShares Ultra Basic Materials	26.59%	1.82%
NIOG Leverage Shares 2X Long NIO Daily ETF	-30.21%	3.25%

Correlation

The correlation between UYM and NIOG is 0.14, 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 18, 2025	0.14

Return for Risk

UYM vs. NIOG — Risk / Return Rank

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

UYM

UYM Risk / Return Rank: 30
UYM Sharpe Ratio Rank: 30
UYM Sortino Ratio Rank: 31
UYM Omega Ratio Rank: 28
UYM Calmar Ratio Rank: 32
UYM Martin Ratio Rank: 29

NIOG

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.

UYM vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) 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.

	UYM	NIOG	Difference
Sharpe ratio: Return per unit of total volatility	1.00	—	—
Sortino ratio: Return per unit of downside risk	1.54	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.47	—	—
Martin ratio: Return relative to average drawdown	3.86	—	—

Drawdowns

UYM vs. NIOG - Drawdown Comparison

The maximum UYM drawdown since its inception was -92.77%, which is greater than NIOG's maximum drawdown of -56.27%. Use the drawdown chart below to compare losses from any high point for UYM and NIOG.

Drawdown Indicators

	UYM	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-56.27%	-36.50%
Max Drawdown (1Y) Largest decline over 1 year	-23.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-43.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.31%	—	—
Current Drawdown Current decline from peak	-8.30%	-56.27%	+47.97%
Average Drawdown Average peak-to-trough decline	-42.01%	-22.75%	-19.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.07%	—	—

Volatility

Volatility by Period

	UYM	NIOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.11%	115.62%	-80.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.42%	115.62%	-76.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.76%	115.62%	-72.86%

UYM vs. NIOG - Expense Ratio Comparison

UYM has a 0.95% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

UYM vs. NIOG - Dividend Comparison

UYM's dividend yield for the trailing twelve months is around 1.11%, while NIOG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UYM ProShares Ultra Basic Materials	1.11%	1.47%	0.98%	0.28%	0.88%	0.52%	0.56%	1.24%	0.94%	0.38%	0.55%	0.42%

Frequently Asked Questions

Can I hold both UYM and NIOG in my portfolio?

UYM and NIOG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UYM 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, UYM or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 0.95% for UYM.

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

UYM has the higher dividend yield at 1.11%, compared with 0.00% for NIOG.

What is the main difference between UYM and NIOG?

UYM tracks Dow Jones U.S. Basic Materials Index (200%), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for UYM and 0.75% for NIOG.