{"url":"https://etfiq.com/compare/leverage/nbiz-vs-nebx","section":"compare","title":"NBIZ vs NEBX: which held to its multiple? | ETFIQ","description":"NBIZ sets out to return -2 times NBIS each day and NEBX +2 times. Over the three months to Sep 30, 2026 they finished \u221275.1 pts and \u221236.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, NBIZ or NEBX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, NBIZ finished 75.1 points from what its multiple implies and NEBX finished 36.1 points from its own, so NEBX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are NBIZ and NEBX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Nebius, NBIZ at -2 times and NEBX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, NBIZ or NEBX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window NBIZ\u2019s moved at 131% annualized and NEBX\u2019s at 131%, so NBIZ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold NBIZ or NEBX for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, NBIZ or NEBX?","acceptedAnswer":{"@type":"Answer","text":"NBIZ charges 1.49% a year and NEBX charges 1.30%, so NEBX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"NBIZ vs NEBX","item":"https://etfiq.com/compare/leverage/nbiz-vs-nebx"}]},{"@type":"WebPage","name":"NBIZ vs NEBX: which held to its multiple?","description":"NBIZ sets out to return -2 times NBIS each day and NEBX +2 times. Over the three months to Sep 30, 2026 they finished \u221275.1 pts and \u221236.1 pts away.","url":"https://etfiq.com/compare/leverage/nbiz-vs-nebx","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, NBIZ finished 0.0 points over and NEBX 3.1 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of NBIZ and NEBX","description":"NBIZ sets out to return -2 times NBIS each day and NEBX +2 times. Over the three months to Sep 30, 2026 they finished \u221275.1 pts and \u221236.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/nbiz-vs-nebx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7129,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / NBIZ vs NEBX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NBIZ vs NEBX: which held to its multiple?\n\n Over three months against its own daily promise, NBIZ finished 0.0 points over and NEBX 3.1 points short.\n Copy this for sharing \n \n Tradr 2X Short NBIS Daily ETF and Tradr 2X Long NBIS Daily ETF.\n\n Download as PDF \n\n \u221281.0% NBIZ returned, 3 months \n \u221230.2% NEBX returned, 3 months \n \u221275.1 pts NBIZ from its stated multiple \n \u221236.1 pts NEBX from its stated multiple \n\n ETFIQ Decay Resistance Score: NEBX scores higher\n Did it keep ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/nbiz-vs-nebx","a":{"ticker":"NBIZ","name":"Tradr 2X Short NBIS Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NBIZ returned \u221281.0% where its own daily promise gave \u221281.0%, 0.0 points short.","url":"https://etfiq.com/funds/nbiz","key_facts":[{"label":"What NBIS did","value":"+2.9%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221281.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221281.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"0.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$41m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 20, 2026"}]},"b":{"ticker":"NEBX","name":"Tradr 2X Long NBIS Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NEBX returned \u221230.2% where its own daily promise gave \u221227.1%, 3.1 points short.","url":"https://etfiq.com/funds/nebx","key_facts":[{"label":"What NBIS did","value":"+2.9%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221227.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221230.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$182m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.30%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 23, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/nbiz-vs-nebx"}