NLSI vs NIOG

Comparison between NEOS LONG/SHORT EQUITY INCOME ETF (NLSI, ETF) and Leverage Shares 2X Long NIO Daily ETF (NIOG, ETF).

NLSI vs NIOG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NLSI(ETF)	NIOG(ETF)
Net Assets	$4.60M	$4.70M
Expense Ratio	2.89%	N/A
Max Drawdown	14.96%	56.27%
Sharpe Ratio	0.63	0.03
5Y Beta	0.45	2.33
P/E Ratio	13.98	N/A
Forward P/E	8.31	N/A
PEG Ratio	0.10	N/A
5Y EPS CAGR	40.58%	N/A
Debt to Equity	91.21%	N/A
P/S Ratio	3.04	N/A
P/B Ratio	3.04	N/A

Net Assets

NLSI

$4.60M

Winner

NIOG

$4.70M

Expense Ratio

NLSI

2.89%

NIOG

N/A

Max Drawdown

Winner

NLSI

14.96%

NIOG

56.27%

Sharpe Ratio

Winner

NLSI

0.63

NIOG

0.03

5Y Beta

Winner

NLSI

0.45

NIOG

2.33

P/E Ratio

NLSI

13.98

NIOG

N/A

Forward P/E

NLSI

8.31

NIOG

N/A

PEG Ratio

NLSI

0.10

NIOG

N/A

5Y EPS CAGR

NLSI

40.58%

NIOG

N/A

Debt to Equity

NLSI

91.21%

NIOG

N/A

P/S Ratio

NLSI

3.04

NIOG

N/A

P/B Ratio

NLSI

3.04

NIOG

N/A

NLSI vs NIOG - Holdings Comparison

NLSI and NIOG have 1 common holdings. Overlap is 0.10%

NLSI's top 25 holdings weight is 133.32%. NIOG's top 25 holdings weight is 9.66%.

Rank	NLSI	NIOG
#1	OTHER ASSETS AND LIABILITIES (n/a) - 25.74%	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 9.66%
#2	MICRON TECHNOLOGY INC (MU) - 14.61%	N/A
#3	F5 INC (FFIV) - 4.88%	N/A
#4	PROGRESSIVE CORP (PGR) - 4.75%	N/A
#5	MARATHON PETROLEUM CORP (MPC) - 4.48%	N/A
#6	ADOBE INC (ADBE) - 4.37%	N/A
#7	VALERO ENERGY CORP (VLO) - 4.24%	N/A
#8	JACK HENRY & ASSOCIATES INC (JKHY) - 4.23%	N/A
#9	WESTERN DIGITAL CORP (WDC) - 4.20%	N/A
#10	VEEVA SYSTEMS INC CLASS A (VEEV) - 4.18%	N/A
#11	PTC INC (PTC) - 4.13%	N/A
#12	NVIDIA CORP (NVDA) - 4.05%	N/A
#13	INSULET CORP (PODD) - 4.02%	N/A
#14	VICI PROPERTIES INC ORDINARY SHARES (VICI) - 4.01%	N/A
#15	HEWLETT PACKARD ENTERPRISE CO (HPE) - 3.94%	N/A
#16	GODADDY INC CLASS A (GDDY) - 3.90%	N/A
#17	CITIGROUP INC (C) - 3.83%	N/A
#18	INTERCONTINENTAL EXCHANGE INC (ICE) - 3.81%	N/A
#19	NETFLIX INC (NFLX) - 3.78%	N/A
#20	BROADRIDGE FINANCIAL SOLUTIONS INC (BR) - 3.77%	N/A
#21	CAPITAL ONE FINANCIAL CORP (COF) - 3.74%	N/A
#22	INTUIT INC (INTU) - 3.72%	N/A
#23	NXP SEMICONDUCTORS NV (NXPI) - 3.68%	N/A
#24	ZOETIS INC CLASS A (ZTS) - 3.65%	N/A
#25	MASTERCARD INC CLASS A (MA) - 3.61%	N/A
Total Holdings	64	1

NLSI vs NIOG - Historical Returns

Returns include dividend reinvestment.

Period	NLSI	NIOG
1 month	+4.51%	-12.77%
3 months	+14.57%	-49.72%
6 months	+11.75%	-15.22%
Max(CAGR)	+14.83%	-40.72%

Winner

NLSI

+4.51%

NIOG

-12.77%

Winner

NLSI

+14.57%

NIOG

-49.72%

Winner

NLSI

+11.75%

NIOG

-15.22%

Max(CAGR)

Winner

NLSI

+14.83%

NIOG

-40.72%

NLSI vs NIOG - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	NLSI	NIOG
2026	+7.64%	-32.08%
2025	+1.89%	+5.33%

NLSI vs NIOG Drawdown Comparison

The maximum drawdown for NLSI was -13.82%, occurring on Apr 10, 2026. Recovery took 91 trading sessions.

The maximum drawdown for NIOG was -56.27%, occurring on Jul 21, 2026. This drawdown has not yet recovered.

The current NLSI drawdown is -1.53%. The current NIOG drawdown is -56.27%.

Rank	NLSI	NIOG
#1	-13.82% Jan 7, 2026 - May 19, 2026	-56.27% Apr 16, 2026 - Jul 21, 2026
#2	-8.08% Jun 1, 2026 - Jun 17, 2026	-37.67% Dec 30, 2025 - Mar 13, 2026
#3	-1.68% Dec 26, 2025 - Jan 6, 2026	-24.41% Mar 16, 2026 - Apr 1, 2026
#4	-0.93% May 26, 2026 - May 29, 2026	-8.69% Apr 8, 2026 - Apr 10, 2026
#5	-0.64% May 19, 2026 - May 22, 2026	-5.31% Dec 22, 2025 - Dec 26, 2025
#6	-0.53% Dec 15, 2025 - Dec 18, 2025	-4.22% Apr 14, 2026 - Apr 16, 2026
#7	-0.08% Dec 11, 2025 - Dec 15, 2025	-3.42% Apr 2, 2026 - Apr 8, 2026
#8	-0.05% Dec 22, 2025 - Dec 24, 2025	-0.39% Apr 10, 2026 - Apr 14, 2026

Correlation

Correlation between NLSI and NIOG is -0.58 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.58

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