YSPY vs. NUG

Last updated Jun 23, 2026

YSPY (GraniteShares YieldBOOST SPY ETF) and NUG (Leverage Shares 2X Long NU Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. YSPY charges 1.07%/yr vs 0.75%/yr for NUG.

Performance

YSPY vs. NUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST SPY ETF (YSPY) and Leverage Shares 2X Long NU Daily ETF (NUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YSPY achieves a 3.38% return, which is significantly higher than NUG's -49.34% return.

YSPY

• 1D: -0.01%
• 1M: -1.54%
• YTD: 3.38%
• 6M: 1.14%
• 1Y: 21.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NUG

• 1D: 1.13%
• 1M: -1.26%
• YTD: -49.34%
• 6M: -48.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YSPY vs. NUG - Yearly Performance Comparison

	2026 (YTD)	2025
YSPY GraniteShares YieldBOOST SPY ETF	3.38%	1.23%
NUG Leverage Shares 2X Long NU Daily ETF	-49.34%	9.30%

Correlation

The correlation between YSPY and NUG is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.56

Return for Risk

YSPY vs. NUG — Risk / Return Rank

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

YSPY

YSPY Risk / Return Rank: 33
YSPY Sharpe Ratio Rank: 33
YSPY Sortino Ratio Rank: 27
YSPY Omega Ratio Rank: 39
YSPY Calmar Ratio Rank: 31
YSPY Martin Ratio Rank: 37

NUG

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.

YSPY vs. NUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SPY ETF (YSPY) and Leverage Shares 2X Long NU Daily ETF (NUG). 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.

	YSPY	NUG	Difference
Sharpe ratio: Return per unit of total volatility	1.14	—	—
Sortino ratio: Return per unit of downside risk	1.46	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.50	—	—
Martin ratio: Return relative to average drawdown	5.49	—	—

Drawdowns

YSPY vs. NUG - Drawdown Comparison

The maximum YSPY drawdown since its inception was -18.74%, smaller than the maximum NUG drawdown of -66.15%. Use the drawdown chart below to compare losses from any high point for YSPY and NUG.

Drawdown Indicators

	YSPY	NUG	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-66.15%	+47.41%
Max Drawdown (1Y) Largest decline over 1 year	-14.60%	—	—
Current Drawdown Current decline from peak	-2.46%	-59.01%	+56.55%
Average Drawdown Average peak-to-trough decline	-4.91%	-31.80%	+26.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	—	—

Volatility

Volatility by Period

	YSPY	NUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.26%	79.90%	-60.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	79.90%	-58.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	79.90%	-58.87%

YSPY vs. NUG - Expense Ratio Comparison

YSPY has a 1.07% expense ratio, which is higher than NUG's 0.75% expense ratio.

Dividends

YSPY vs. NUG - Dividend Comparison

YSPY's dividend yield for the trailing twelve months is around 56.04%, while NUG has not paid dividends to shareholders.

Position	TTM	2025
NUG Leverage Shares 2X Long NU Daily ETF	0.00%	0.00%
YSPY GraniteShares YieldBOOST SPY ETF	56.04%	45.57%

Frequently Asked Questions

Can I hold both YSPY and NUG in my portfolio?

YSPY and NUG have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YSPY or NUG?

On fees, NUG 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, YSPY or NUG?

NUG is cheaper with a 0.75% expense ratio, compared with 1.07% for YSPY.

Which ETF pays a higher dividend yield, YSPY or NUG?

YSPY has the higher dividend yield at 56.04%, compared with 0.00% for NUG.

What is the main difference between YSPY and NUG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.07% for YSPY and 0.75% for NUG.