Which came closer to its stated multiple, NBIG or NBIL?

Over the window to Sep 30, 2026, NBIG finished 36.2 points from what its multiple implies and NBIL finished 35.8 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 Nebius, 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 131% annualized and NBIL’s at 131%, 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.

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NBIG vs NBIL: which held to its multiple?

Over the days both have traded, NBIG finished 3.7 points from its stated multiple and NBIL 4.0. Leverage Shares 2X Long NBIS Daily ETF and GraniteShares 2x Long NBIS Daily ETF.

−30.4%

NBIG returned, 3 months

−30.0%

NBIL returned, 3 months

−36.2 pts

NBIG from its stated multiple

−35.8 pts

NBIL from its stated multiple

NBIG · 3 months to Sep 30, 202636.2 pts short of its stated multiple

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

NBIL · 3 months to Sep 30, 202635.8 pts short of its stated multiple

NBIL returned −30.0% while 2 times NBIS's move would have been +5.8%

ETFIQ Decay Resistance Score · NBIL scores higherDid it keep up with its own daily multiple, compounded day by day?

NBIG 33.8

NBIL 43.6

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	NBIG	NBIL	NBIG	NBIL	NBIG	NBIL
1 month	+25.0%	+24.6%	+28.7%	+28.7%	−3.7 pts	−4.0 pts
3 months	−30.4%	−30.0%	+5.8%	+5.8%	−36.2 pts	−35.8 pts
6 months	+160.0%	+164.8%	not meaningful	not meaningful	not meaningful	not meaningful
Since launch NBIG Oct 2025 · NBIL Oct 2025	+6.7%	+19.2%	+176.1%	not meaningful	−169.4 pts	not meaningful

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

On the same fields

NBIG

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

NBIL

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

Issuer Leverage Shares GraniteShares

Sets out to return +2x +2x

Underlying asset NBIS NBIS

Segment company company

Fund returned, 3 months or since launch −30.4% −30.0%

Underlying returned, over that window +2.9% +2.9%

What the stated multiple implies, over that window +5.8% +5.8%

Difference from stated, over that window −36.2 pts −35.8 pts

Fund returned, 1 year or since launch +6.7% +19.2%

Difference from stated, over that window −169.4 pts not available

Underlying volatility 131% 131%

Difference over the days both have traded −3.7 pts −4.0 pts

Expense ratio 0.76% 1.50%

Launched Oct 27, 2025 Oct 7, 2025

Net assets $114m $191m

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

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. 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 131% 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 30, 2026: NBIL returned −30.0% where its own daily promise gave −27.1%, 2.9 points short. Read the multiple against the whole window instead and 2 times NBIS's 2.9% implies +5.8%, which makes NBIL look 35.8 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 30, 2026, NBIG finished 36.2 points from what its multiple implies and NBIL finished 35.8 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 Nebius, 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 131% annualized and NBIL’s at 131%, 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

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

NBIG on its own →NBIL on its own →How every figure is computed →Standards and sources →

Where these figures came from

NBIG filings on SEC EDGAR ↗NBIG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗NBIL filings on SEC EDGAR ↗NBIL prospectus with the expense ratio (SEC) ↗GraniteShares page for NBIL ↗

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

Open data

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