WDCX vs. NIOG

Last updated Jun 4, 2026

WDCX (Tradr 2X Long WDC Daily ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - WDCX tracks the Western Digital Corporation (WDC) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. At a 0.22 correlation, their price movements are largely independent. WDCX charges 1.49%/yr vs 0.75%/yr for NIOG.

Performance

WDCX vs. NIOG - Performance Comparison

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

Returns By Period

WDCX

• 1D: 11.34%
• 1M: 74.95%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -8.37%
• 1M: -14.00%
• YTD: 5.09%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDCX vs. NIOG - Yearly Performance Comparison

	2026 (YTD)
WDCX Tradr 2X Long WDC Daily ETF	346.72%
NIOG Leverage Shares 2X Long NIO Daily ETF	29.15%

Correlation

The correlation between WDCX and NIOG is 0.22, 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 Jan 28, 2026	0.22

Return for Risk

WDCX vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long WDC Daily ETF (WDCX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WDCX	NIOG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	48.43	0.21	+48.22

Drawdowns

WDCX vs. NIOG - Drawdown Comparison

The maximum WDCX drawdown since its inception was -38.58%, smaller than the maximum NIOG drawdown of -45.19%. Use the drawdown chart below to compare losses from any high point for WDCX and NIOG.

Drawdown Indicators

	WDCX	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-38.58%	-45.19%	+6.61%
Current Drawdown Current decline from peak	0.00%	-34.15%	+34.15%
Average Drawdown Average peak-to-trough decline	-9.67%	-19.65%	+9.98%

Volatility

Volatility by Period

	WDCX	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	148.88%	120.05%	+28.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.88%	120.05%	+28.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.88%	120.05%	+28.83%

WDCX vs. NIOG - Expense Ratio Comparison

WDCX has a 1.49% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

WDCX vs. NIOG - Dividend Comparison

Neither WDCX nor NIOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WDCX and NIOG in my portfolio?

WDCX and NIOG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDCX 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, WDCX or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 1.49% for WDCX.

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

WDCX and NIOG have nearly identical dividend yields, around 0.00%.

What is the main difference between WDCX and NIOG?

WDCX tracks Western Digital Corporation (WDC), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for WDCX and 0.75% for NIOG.