NEMG +2x Leverage Shares 2x Long NEM Daily ETF

NEMG

ETF +2x BULL standard
Leverage Shares 2x Long NEM Daily ETF
Issuer: Leverage Shares · Tracks: NEM · Listed: 2025-11-14
Implied AUM
$979632
Last Close
$12.25
20260720
30d Avg Vol
7,685
Options
available
Realized return vs theoretical +2x NEM
Other leveraged products tracking NEM
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
NWMX +2x BULL Tradr Tradr 2X Long NEM Daily ETF $313200 2,787

How NEMG works

NEMG targets +2x the daily return of NEM — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on NEMG carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.