WANT vs. NEMG

Last updated Jun 24, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. WANT is passively managed, while NEMG is actively managed. At a 0.38 correlation, their price movements are largely independent. WANT charges 0.98%/yr vs 0.75%/yr for NEMG.

Performance

WANT vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WANT having a -21.36% return and NEMG slightly higher at -20.44%.

WANT

• 1D: -3.36%
• 1M: -14.54%
• YTD: -21.36%
• 6M: -26.83%
• 1Y: -0.82%
• 3Y*: 9.94%
• 5Y*: -8.83%
• 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)

WANT vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-21.36%	8.69%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between WANT and NEMG is 0.38, 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	0.38

Return for Risk

WANT vs. NEMG — Risk / Return Rank

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

WANT

WANT Risk / Return Rank: 9
WANT Sharpe Ratio Rank: 9
WANT Sortino Ratio Rank: 10
WANT Omega Ratio Rank: 10
WANT Calmar Ratio Rank: 9
WANT Martin Ratio Rank: 8

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.

WANT vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.

	WANT	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	—	—
Sortino ratio: Return per unit of downside risk	0.37	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	-0.02	—	—
Martin ratio: Return relative to average drawdown	-0.05	—	—

Drawdowns

WANT vs. NEMG - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, which is greater than NEMG's maximum drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for WANT and NEMG.

Drawdown Indicators

	WANT	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-57.56%	-28.33%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	—	—
Current Drawdown Current decline from peak	-62.10%	-53.44%	-8.66%
Average Drawdown Average peak-to-trough decline	-43.16%	-23.21%	-19.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.14%	—	—

Volatility

Volatility by Period

	WANT	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.06%	102.63%	-47.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.98%	102.63%	-31.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.48%	102.63%	-31.15%

WANT vs. NEMG - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

WANT vs. NEMG - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.68%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.68%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%

Frequently Asked Questions

Can I hold both WANT and NEMG in my portfolio?

WANT and NEMG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WANT 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, WANT or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.98% for WANT.

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

WANT has the higher dividend yield at 0.68%, compared with 0.00% for NEMG.

What is the main difference between WANT and NEMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for WANT and 0.75% for NEMG.