Data as of .
NBIG vs NBIL: which held to its multiple?
Over the days both have traded, NBIG finished 2.8 points from its stated multiple and NBIL 2.9.
ETFIQ Decay Resistance Score: NBIL scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| NBIG | NBIL | NBIG | NBIL | NBIG | NBIL | |
| 1 month | −29.6% | −29.6% | −26.7% | −26.7% | −2.8 pts | −2.9 pts |
| 3 months | −42.3% | −41.8% | −6.7% | −6.7% | −35.6 pts | −35.0 pts |
| 6 months | +82.0% | +86.6% | +197.6% | +197.6% | −115.6 pts | −111.0 pts |
| Since launch | −1.2% | +10.8% | +158.0% | +181.6% | −159.2 pts | −170.8 pts |
| NBIG Leverage Shares 2X Long NBIS Daily ETF Aims to return twice the daily move of NBIS | NBIL GraniteShares 2x Long NBIS Daily ETF Aims to return twice the daily move of NBIS | |
|---|---|---|
| Issuer | Leverage Shares | GraniteShares |
| Sets out to return | +2x | +2x |
| On | NBIS | NBIS |
| Segment | company | company |
| Fund returned, 3 months | −42.3% | −41.8% |
| Underlying returned, 3 months | −3.4% | −3.4% |
| What the stated multiple implies, 3 months | −6.7% | −6.7% |
| Difference from stated, 3 months | −35.6 pts | −35.0 pts |
| Fund returned, 1 year or since launch | −1.2% | +10.8% |
| Difference from stated, over that window | −159.2 pts | −170.8 pts |
| Underlying volatility | 140% | 140% |
| Difference over the days both have traded | −2.8 pts | −2.9 pts |
| Expense ratio | 0.76% | 1.50% |
| Launched | Oct 27, 2025 | Oct 7, 2025 |
NBIG in plain words
Three months to Sep 11, 2026: NBIG returned −42.3% where its own daily promise gave −39.5%, 2.8 points short. Read the multiple against the whole window instead and +2 times NBIS's −3.4% implies −6.7%, which makes NBIG look 35.6 points short. 32.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. NBIG aims to return +2 times NBIS's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. NBIS moved at 140% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
NBIL in plain words
Three months to Sep 11, 2026: NBIL returned −41.8% where its own daily promise gave −39.5%, 2.3 points short. Read the multiple against the whole window instead and +2 times NBIS's −3.4% implies −6.7%, which makes NBIL look 35.0 points short. NBIL aims to return +2 times NBIS's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, NBIG or NBIL?
- Over the window to Sep 11, 2026, NBIG finished 35.6 points from what its multiple implies and NBIL finished 35.0 points from its own, so NBIL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NBIG and NBIL levered on the same thing?
- Yes. Both are levered on NBIS, NBIG at +2 times and NBIL at +2 times the daily move.
- Which one decays faster, NBIG or NBIL?
- Decay follows how much the underlying moves about. Over this window NBIG’s moved at 140% annualized and NBIL’s at 140%, so NBIG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NBIG or NBIL for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, NBIG or NBIL?
- NBIG charges 0.76% a year and NBIL charges 1.50%, so NBIG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NBIG against NBIL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NBIG-NBIL Free to use with attribution; the underlying files are at Open data.