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NBIG

GradeBNASDAQ Global Select

Leverage Shares 2x Long NBIS Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-10-27

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$17.82−0.68 (−3.65%)

As of Sep 23, 2026, 2:25 PM EDT

History starts Oct 27, 2025.History starts Oct 27, 2025.
Intraday session: down, 60 prints from 18.50 to 17.82. Range 17.41 to 18.28. Use the arrow keys to read each point.$17.40$17.60$18.00$18.2010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$119M
1Y return
—
Yield · Last 12 months
—
Holdings
6
Volume · 30D
2.1M sh
NAV per share
$17.96
52W range
low $4.51high $47.81

The ETF.net NBIG Grade

B

67/ 100

Rank 12 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for NBIG. Scores out of 100: Cost 67, Risk 48, Mission 98, Tradability 89, Holdings not scored, Durability 64. Strongest: Mission (98). Weakest: Risk (48). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank136/380 · top 36%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 98
    Category rank12/147 · top 8%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank145/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 89
    Category rank21/380 · top 6%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank103/380 · top 27%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on NBIG

ETF.net Research

BA one-stock amplifier: NBIG targets 200% of Nebius Group's daily move for 0.75% a year, well under the typical leveraged single-stock fund. Daily reset makes it a trading tool, not a hold-forever proxy.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of NBIS.

Why people hold it

  1. 01Cost edge is real: 0.75% a year, about a quarter below the category median, and under the 0.96% on Direxion 2x peers like GGLL and AAPU.leverageshares.com
  2. 02Hits its 200% daily target closely, ranking among the strongest implementations in the bull leveraged single-stock group.
  3. 03Leverage arrives pre-packaged: synthetic exposure collateralized by US Treasury obligations, no margin account, no margin call.leverageshares.com

Worth knowing

  1. 01The 2x objective resets every day. Over longer stretches, especially choppy ones, results can drift far from twice NBIS's move.leverageshares.com
  2. 02One company, doubled. A single earnings print or headline at Nebius Group lands with twice the force, up or down.
  3. 03Launched in October 2025, so the track record is short and covers only a sliver of market conditions.

NBIG Holdings

As of Sep 21, 2026, 6:57 PM
Asset class
Stocks
Holdings
6
Top-10 weight
204%
Largest holding
NEBIUS GROUP N.V. CS118.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—NEBIUS GROUP N.V. CS118.01%397,058$87M1
002—NEBIUS GROUP N.V. MAR50.93%171,375$38M1
003—NEBIUS GROUP N.V.-SWAP-NBCB-L20.72%69,700$15M1
004—NEBIUS GROUP N.V. CF5.50%18,500$4M1
005—TRADR 2X SHORT NBIS DAILY ETF-SWAP-JNST-L4.84%16,281$4M1
006—First American Treasury Obligations Fund 01/01/20404.47%3,292,996$3M147

Showing 1–6 of 6 holdings

NBIG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NBIG$28,727
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. NBIG $28,727. SPY $11,430. Use the arrow keys to read each point.$2,291$36,793$71,296Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NBIG. Periods over one year show the average yearly return.
PeriodNBIG
Year to date+187.3%
1 month+11.2%
3 months−56.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NBIG
YearReturn barNBIG
2026 YTD+187.3%
2025−62.3%

Since listing, Oct 27, 2025

NBIG in the news

ETF.net Research hasn’t filed on NBIG yet — coverage lands here as it’s written.

NBIG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Oct 2025. No distributions yet.

NBIG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
7.79
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NBIG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

85 of the 329 Single-Stock Long Leveraged funds charge less.

NBIG costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.