FSEV vs NIOG

Comparison between FIDELITY ENHANCED SMALL CAP VALUE ETF (FSEV, ETF) and Leverage Shares 2X Long NIO Daily ETF (NIOG, ETF).

FSEV vs NIOG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSEV(ETF)	NIOG(ETF)
Net Assets	$5.10M	$5.20M
Expense Ratio	0.28%	N/A
Max Drawdown	4.16%	47.62%
Sharpe Ratio	1.74	0.34
5Y Beta	1.11	2.60
P/E Ratio	102.48	N/A
Forward P/E	12.00	N/A
5Y EPS CAGR	6.61%	N/A
Debt to Equity	-2.12%	N/A
P/S Ratio	0.96	N/A
P/B Ratio	1.82	N/A

Net Assets

FSEV

$5.10M

Winner

NIOG

$5.20M

Expense Ratio

FSEV

0.28%

NIOG

N/A

Max Drawdown

Winner

FSEV

4.16%

NIOG

47.62%

Sharpe Ratio

Winner

FSEV

1.74

NIOG

0.34

5Y Beta

Winner

FSEV

1.11

NIOG

2.60

P/E Ratio

FSEV

102.48

NIOG

N/A

Forward P/E

FSEV

12.00

NIOG

N/A

5Y EPS CAGR

FSEV

6.61%

NIOG

N/A

Debt to Equity

FSEV

-2.12%

NIOG

N/A

P/S Ratio

FSEV

0.96

NIOG

N/A

P/B Ratio

FSEV

1.82

NIOG

N/A

FSEV vs NIOG - Holdings Comparison

FSEV and NIOG have 0 common holdings. Overlap is 0.00%

FSEV's top 25 holdings weight is 20.72%. NIOG's top 25 holdings weight is 8.02%.

Rank	FSEV	NIOG
#1	ECHOSTAR CORP CLASS A (SATS) - 1.27%	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 8.02%
#2	TTM TECHNOLOGIES INC (TTMI) - 1.17%	N/A
#3	FIDELITY CASH CENTRAL FUND (n/a) - 1.13%	N/A
#4	ENERSYS (ENS) - 1.05%	N/A
#5	COMMERCIAL METALS CO (CMC) - 1.05%	N/A
#6	MAXLINEAR INC (MXL) - 0.87%	N/A
#7	FLUOR CORP (FLR) - 0.86%	N/A
#8	DIODES INC (DIOD) - 0.85%	N/A
#9	INSIGHT ENTERPRISES INC (NSIT) - 0.84%	N/A
#10	VALLEY NATIONAL BANCORP (VLY) - 0.82%	N/A
#11	BREAD FINANCIAL HOLDINGS INC (BFH) - 0.77%	N/A
#12	TRANSOCEAN LTD (RIG) - 0.77%	N/A
#13	GLACIER BANCORP INC (GBCI) - 0.76%	N/A
#14	MARRIOTT VACATIONS WORLDWIDE CORP (VAC) - 0.75%	N/A
#15	SUNRUN INC (RUN) - 0.74%	N/A
#16	n/a (PECO) - 0.73%	N/A
#17	TEXAS CAPITAL BANCSHARES INC (TCBI) - 0.72%	N/A
#18	V2X INC (VVX) - 0.72%	N/A
#19	n/a (AHR) - 0.72%	N/A
#20	ESSENTIAL PROPERTIES REALTY TRUST INC (EPRT) - 0.71%	N/A
#21	MATERION CORP (MTRN) - 0.70%	N/A
#22	GATX CORP (GATX) - 0.70%	N/A
#23	UMB FINANCIAL CORP (UMBF) - 0.69%	N/A
#24	CUSHMAN & WAKEFIELD LTD (CWK) - 0.67%	N/A
#25	VISHAY INTERTECHNOLOGY INC (VSH) - 0.66%	N/A
Total Holdings	389	1

FSEV vs NIOG - Historical Returns

Returns include dividend reinvestment.

Period	FSEV	NIOG
1 month	+3.96%	-30.07%
3 months	N/A	-21.99%
6 months	N/A	-10.63%
Max(CAGR)	+40.51%	-20.80%

Winner

FSEV

+3.96%

NIOG

-30.07%

FSEV

N/A

NIOG

-21.99%

FSEV

N/A

NIOG

-10.63%

Max(CAGR)

Winner

FSEV

+40.51%

NIOG

-20.80%

FSEV vs NIOG - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	FSEV	NIOG
2026	+4.08%	-17.42%
2025	N/A	+5.33%

FSEV vs NIOG Drawdown Comparison

The maximum drawdown for FSEV was -4.16%, occurring on May 19, 2026. Recovery took 13 trading sessions.

The maximum drawdown for NIOG was -47.62%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current NIOG drawdown is -46.84%.

Rank	FSEV	NIOG
#1	-4.16% May 6, 2026 - May 26, 2026	-47.62% Apr 16, 2026 - Jun 10, 2026
#2	-2.81% May 28, 2026 - Jun 11, 2026	-37.67% Dec 30, 2025 - Mar 13, 2026
#3	-0.78% May 1, 2026 - May 5, 2026	-24.41% Mar 16, 2026 - Apr 1, 2026
#4	-0.04% May 26, 2026 - May 28, 2026	-8.69% Apr 8, 2026 - Apr 10, 2026
#5	N/A	-5.31% Dec 22, 2025 - Dec 26, 2025
#6	N/A	-4.22% Apr 14, 2026 - Apr 16, 2026
#7	N/A	-3.42% Apr 2, 2026 - Apr 8, 2026
#8	N/A	-0.39% Apr 10, 2026 - Apr 14, 2026

Correlation

Correlation between FSEV and NIOG is -0.96 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.96

-101