NBIC vs NBIG: which held to its multiple?

Over the days both have traded, NBIC finished 4.3 points from its stated multiple and NBIG 3.7. Corgi NBIS 2x Daily ETF and Leverage Shares 2X Long NBIS Daily ETF.

−2.3%
NBIC returned, since launch
−30.4%
NBIG returned, 3 months
−45.4 pts
NBIC from its stated multiple
−36.2 pts
NBIG from its stated multiple
NBIC · 1 month to Sep 30, 20264.3 pts short of its stated multiple
4.3 pts short of its stated multipleNBIC returned +24.3% while 2 times NBIS's move would have been +28.7%NBIS +14.3% ×2 implies+28.7%NBIC returned+24.3%4.3 pts short of its stated multipleNBIC returned +24.3% while 2 times NBIS's move would have been +28.7%NBIS +14.3% ×2 implies+28.7%NBIC returned+24.3%

NBIC returned +24.3% while 2 times NBIS's move would have been +28.7%

NBIG · 3 months to Sep 30, 202636.2 pts short of its stated multiple
36.2 pts short of its stated multipleNBIG returned −30.4% while 2 times NBIS's move would have been +5.8%NBIS +2.9% ×2 implies+5.8%NBIG returned−30.4%36.2 pts short of its stated multipleNBIG returned −30.4% while 2 times NBIS's move would have been +5.8%NBIS +2.9% ×2 implies+5.8%NBIG returned−30.4%

NBIG returned −30.4% while 2 times NBIS's move would have been +5.8%

Performance, window by window

Total returnMultiple would giveDifference
WindowNBICNBIGNBICNBIGNBICNBIG
1 month+24.3%+25.0%+28.7%+28.7%−4.3 pts−3.7 pts
3 monthsnot published−30.4%not published+5.8%not published−36.2 pts
6 monthsnot published+160.0%not publishednot meaningfulnot publishednot meaningful
Since launch
NBIC Jul 2026 · NBIG Oct 2025
−2.3%+6.7%+43.1%+176.1%−45.4 pts−169.4 pts

NBIC and NBIG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NBIC
Corgi NBIS 2x Daily ETF · Aims to return twice the daily move of Nebius (NBIS)
NBIG
Leverage Shares 2X Long NBIS Daily ETF · Aims to return twice the daily move of Nebius (NBIS)
Issuer Corgi Leverage Shares
Sets out to return +2x +2x
Underlying asset NBIS NBIS
Segment company company
Fund returned, 3 months or since launch +24.3% −30.4%
Underlying returned, over that window +14.3% +2.9%
What the stated multiple implies, over that window +28.7% +5.8%
Difference from stated, over that window −4.3 pts −36.2 pts
Fund returned, 1 year or since launch −2.3% +6.7%
Difference from stated, over that window −45.4 pts −169.4 pts
Underlying volatility 63% 131%
Difference over the days both have traded −4.3 pts −3.7 pts
Expense ratio 0.45% 0.76%
Launched Jul 14, 2026 Oct 27, 2025
Net assets $620,521 $114m

NBIC and NBIG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

NBIC in plain words

One month to Sep 30, 2026: NBIC returned +24.3% where its own daily promise gave +26.6%, 2.2 points short. Read the multiple against the whole window instead and 2 times NBIS's 14.3% implies +28.7%, which makes NBIC look 4.3 points short. 2.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. NBIC 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 63% 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.

NBIG in plain words

Three months to Sep 30, 2026: NBIG returned −30.4% where its own daily promise gave −27.1%, 3.3 points short. Read the multiple against the whole window instead and 2 times NBIS's 2.9% implies +5.8%, which makes NBIG look 36.2 points short. 32.9 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. NBIS moved at 131% annualized over that window.

Questions people ask

Which came closer to its stated multiple, NBIC or NBIG?
Over the window to Sep 30, 2026, NBIC finished 4.3 points from what its multiple implies and NBIG finished 36.2 points from its own, so NBIC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are NBIC and NBIG levered on the same thing?
Yes. Both are levered on Nebius, NBIC at +2 times and NBIG at +2 times the daily move.
Which one decays faster, NBIC or NBIG?
Decay follows how much the underlying moves about. Over this window NBIC’s moved at 63% annualized and NBIG’s at 131%, so NBIG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold NBIC or NBIG 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, NBIC or NBIG?
NBIC charges 0.45% a year and NBIG charges 0.76%, so NBIC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, NBIC against NBIG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/nbic-vs-nbig

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.