Which came closer to its stated multiple, NBIC or NEBX?

Over the window to Sep 30, 2026, NBIC finished 4.3 points from what its multiple implies and NEBX finished 36.1 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 NEBX levered on the same thing?

Yes. Both are levered on Nebius, NBIC at +2 times and NEBX at +2 times the daily move.

Which one decays faster, NBIC or NEBX?

Decay follows how much the underlying moves about. Over this window NBIC’s moved at 63% annualized and NEBX’s at 131%, so NEBX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold NBIC 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, NBIC or NEBX?

NBIC charges 0.45% a year and NEBX charges 1.30%, so NBIC is cheaper. Fees come from each fund's prospectus.

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NBIC vs NEBX: which held to its multiple?

Over the days both have traded, NBIC finished 4.3 points from its stated multiple and NEBX 4.0. Corgi NBIS 2x Daily ETF and Tradr 2X Long NBIS Daily ETF.

−2.3%

NBIC returned, since launch

−30.2%

NEBX returned, 3 months

−45.4 pts

NBIC from its stated multiple

−36.1 pts

NEBX from its stated multiple

NBIC · 1 month to Sep 30, 20264.3 pts short of its stated multiple

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

NEBX · 3 months to Sep 30, 202636.1 pts short of its stated multiple

NEBX returned −30.2% while 2 times NBIS's move would have been +5.8%

Performance, window by window

	Total return		Multiple would give		Difference
Window	NBIC	NEBX	NBIC	NEBX	NBIC	NEBX
1 month	+24.3%	+24.7%	+28.7%	+28.7%	−4.3 pts	−4.0 pts
3 months	not published	−30.2%	not published	+5.8%	not published	−36.1 pts
6 months	not published	+162.7%	not published	not meaningful	not published	not meaningful
1 year	not published	+27.0%	not published	not meaningful	not published	not meaningful
Since launch NBIC Jul 2026 · NEBX Sep 2025	−2.3%	+63.7%	+43.1%	not meaningful	−45.4 pts	not meaningful

NBIC and NEBX 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)

NEBX

Tradr 2X Long NBIS Daily ETF · Aims to return twice the daily move of Nebius (NBIS)

Issuer Corgi Tradr

Sets out to return +2x +2x

Underlying asset NBIS NBIS

Segment company company

Fund returned, 3 months or since launch +24.3% −30.2%

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 −36.1 pts

Fund returned, 1 year or since launch −2.3% +27.0%

Difference from stated, over that window −45.4 pts not available

Underlying volatility 63% 131%

Difference over the days both have traded −4.3 pts −4.0 pts

Expense ratio 0.45% 1.30%

Launched Jul 14, 2026 Sep 9, 2025

Net assets $620,521 $182m

NBIC and NEBX 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.

NEBX in plain words

Three months to Sep 30, 2026: NEBX returned −30.2% where its own daily promise gave −27.1%, 3.1 points short. Read the multiple against the whole window instead and 2 times NBIS's 2.9% implies +5.8%, which makes NEBX look 36.1 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. NEBX 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 NEBX?: Over the window to Sep 30, 2026, NBIC finished 4.3 points from what its multiple implies and NEBX finished 36.1 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 NEBX levered on the same thing?: Yes. Both are levered on Nebius, NBIC at +2 times and NEBX at +2 times the daily move.
Which one decays faster, NBIC or NEBX?: Decay follows how much the underlying moves about. Over this window NBIC’s moved at 63% annualized and NEBX’s at 131%, so NEBX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold NBIC 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, NBIC or NEBX?: NBIC charges 0.45% a year and NEBX charges 1.30%, so NBIC is cheaper. Fees come from each fund's prospectus.

Other comparisons

NBIC vs NBIG NBIC vs NBIL NBIC vs NBIZ NEBX vs NBIG NEBX vs NBIL NEBX vs NBIZ

NBIC on its own →NEBX on its own →How every figure is computed →Standards and sources →

Where these figures came from

NBIC filings on SEC EDGAR ↗NBIC prospectus with the expense ratio (SEC) ↗Corgi website ↗NEBX filings on SEC EDGAR ↗NEBX prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

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

Open data

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