XTAP vs. NEMG

Last updated Jun 24, 2026

XTAP (Innovator U.S. Equity Accelerated Plus ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. XTAP charges 0.79%/yr vs 0.75%/yr for NEMG.

Performance

XTAP vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTAP achieves a 10.29% return, which is significantly higher than NEMG's -20.44% return.

XTAP

• 1D: -0.56%
• 1M: -0.17%
• YTD: 10.29%
• 6M: 10.43%
• 1Y: 19.37%
• 3Y*: 17.09%
• 5Y*: 10.65%
• 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)

XTAP vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.29%	2.06%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between XTAP and NEMG is 0.42, 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	0.42

Return for Risk

XTAP vs. NEMG — Risk / Return Rank

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

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 96
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

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.

XTAP vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) 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.

	XTAP	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	4.06	—	—
Sortino ratio: Return per unit of downside risk	6.76	—	—
Omega ratio: Gain probability vs. loss probability	2.05	—	—
Calmar ratio: Return relative to maximum drawdown	11.34	—	—
Martin ratio: Return relative to average drawdown	62.48	—	—

Drawdowns

XTAP vs. NEMG - Drawdown Comparison

The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum NEMG drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for XTAP and NEMG.

Drawdown Indicators

	XTAP	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-57.56%	+35.43%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	—	—
Current Drawdown Current decline from peak	-0.91%	-53.44%	+52.53%
Average Drawdown Average peak-to-trough decline	-3.42%	-23.21%	+19.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	—	—

Volatility

Volatility by Period

	XTAP	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.83%	102.63%	-97.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	102.63%	-88.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	102.63%	-88.27%

XTAP vs. NEMG - Expense Ratio Comparison

XTAP has a 0.79% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

XTAP vs. NEMG - Dividend Comparison

Neither XTAP nor NEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XTAP and NEMG in my portfolio?

XTAP and NEMG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XTAP 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, XTAP or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTAP.

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

XTAP and NEMG have nearly identical dividend yields, around 0.00%.

What is the main difference between XTAP and NEMG?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for XTAP and 0.75% for NEMG.