Data as of .
NBIZ vs NEBX: which held to its multiple?
Over three months against its own daily promise, NBIZ finished 0.2 points over and NEBX 3.0 points short.
ETFIQ Decay Resistance Score: NEBX scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs 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 | |||
|---|---|---|---|---|---|---|
| NBIZ | NEBX | NBIZ | NEBX | NBIZ | NEBX | |
| 1 month | +13.0% | −30.0% | +26.7% | −26.7% | −13.8 pts | −3.3 pts |
| 3 months | −81.2% | −42.5% | +6.7% | −6.7% | −87.9 pts | −35.8 pts |
| 6 months | −98.2% | +83.1% | −197.6% | +197.6% | +99.4 pts | −114.5 pts |
| 1 year | not published | +74.3% | not published | not meaningful | not published | not meaningful |
| Since launch | −99.2% | +50.8% | not meaningful | not meaningful | not meaningful | not meaningful |
| NBIZ Tradr 2X Short NBIS Daily ETF Aims to return twice the opposite of the daily move of NBIS | NEBX Tradr 2X Long NBIS Daily ETF Aims to return twice the daily move of NBIS | |
|---|---|---|
| Issuer | Tradr | Tradr |
| Sets out to return | -2x | +2x |
| On | NBIS | NBIS |
| Segment | company | company |
| Fund returned, 3 months | −81.2% | −42.5% |
| Underlying returned, 3 months | −3.4% | −3.4% |
| What the stated multiple implies, 3 months | +6.7% | −6.7% |
| Difference from stated, 3 months | −87.9 pts | −35.8 pts |
| Fund returned, 1 year or since launch | −99.2% | +74.3% |
| Difference from stated, over that window | not available | not available |
| Underlying volatility | 140% | 140% |
| Difference over the days both have traded | no shared window | −3.3 pts |
| Expense ratio | 1.49% | 1.30% |
| Launched | Jan 22, 2026 | Sep 9, 2025 |
NBIZ in plain words
Three months to Sep 11, 2026: NBIZ returned −81.2% where its own daily promise gave −81.4%, 0.2 points over. Read the multiple against the whole window instead and −2 times NBIS's −3.4% implies +6.7%, which makes NBIZ look 87.9 points short. 88.1 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. NBIZ 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.
NEBX in plain words
Three months to Sep 11, 2026: NEBX returned −42.5% where its own daily promise gave −39.5%, 3.0 points short. Read the multiple against the whole window instead and +2 times NBIS's −3.4% implies −6.7%, which makes NEBX look 35.8 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. NEBX aims to return +2 times NBIS's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, NBIZ or NEBX?
- Over the window to Sep 11, 2026, NBIZ finished 87.9 points from what its multiple implies and NEBX finished 35.8 points from its own, so NEBX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NBIZ and NEBX levered on the same thing?
- Yes. Both are levered on NBIS, NBIZ at -2 times and NEBX at +2 times the daily move.
- Which one decays faster, NBIZ or NEBX?
- Decay follows how much the underlying moves about. Over this window NBIZ’s moved at 140% annualized and NEBX’s at 140%, so NBIZ has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NBIZ or NEBX 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, NBIZ or NEBX?
- NBIZ charges 1.49% a year and NEBX charges 1.30%, so NEBX 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, NBIZ against NEBX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NBIZ-NEBX Free to use with attribution; the underlying files are at Open data.