VALG vs. NIOG
VALG (Leverage Shares 2X Long VALE Daily ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds from Leverage Shares - VALG tracks the Vale S.A. (VALE) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
VALG vs. NIOG - Performance Comparison
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Returns By Period
In the year-to-date period, VALG achieves a 24.13% return, which is significantly higher than NIOG's -21.16% return.
VALG
- 1D
- -1.55%
- 1M
- -8.63%
- YTD
- 24.13%
- 6M
- 28.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIOG
- 1D
- -0.61%
- 1M
- -26.71%
- YTD
- -21.16%
- 6M
- -16.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VALG vs. NIOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VALG Leverage Shares 2X Long VALE Daily ETF | 24.13% | 1.57% |
NIOG Leverage Shares 2X Long NIO Daily ETF | -21.16% | 3.25% |
Correlation
The correlation between VALG and NIOG is 0.24, 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 | 0.24 |
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Return for Risk
VALG vs. NIOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long VALE Daily ETF (VALG) 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.
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Drawdowns
VALG vs. NIOG - Drawdown Comparison
The maximum VALG drawdown since its inception was -36.93%, smaller than the maximum NIOG drawdown of -50.60%. Use the drawdown chart below to compare losses from any high point for VALG and NIOG.
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Drawdown Indicators
| VALG | NIOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -50.60% | +13.67% |
Current DrawdownCurrent decline from peak | -28.16% | -50.60% | +22.44% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -21.81% | +8.73% |
Volatility
VALG vs. NIOG - Volatility Comparison
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Volatility by Period
| VALG | NIOG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 74.72% | 116.61% | -41.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.72% | 116.61% | -41.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.72% | 116.61% | -41.89% |
VALG vs. NIOG - Expense Ratio Comparison
Both VALG and NIOG have an expense ratio of 0.75%.
Dividends
VALG vs. NIOG - Dividend Comparison
Neither VALG nor NIOG has paid dividends to shareholders.
Frequently Asked Questions
VALG and NIOG have a correlation of 0.24, 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.
VALG and NIOG have the same expense ratio: 0.75% per year.
VALG and NIOG have nearly identical dividend yields, around 0.00%.
VALG tracks Vale S.A. (VALE), while NIOG tracks NIO Inc. (NIO).
Find the right allocation for VALG and NIOG
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