AMZU vs. NRGU

Last updated Jun 4, 2026

AMZU (Direxion Daily AMZN Bull 2X Shares) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds - AMZU tracks the Amazon.com, Inc. (150%) while NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%). Both are passively managed. Over the past year, AMZU returned 21.37% vs 156.99% for NRGU. At a 0.01 correlation, their price movements are largely independent. AMZU charges 1.06%/yr vs 0.95%/yr for NRGU.

Performance

AMZU vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMZN Bull 2X Shares (AMZU) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZU achieves a 8.04% return, which is significantly lower than NRGU's 129.31% return.

AMZU

• 1D: -5.04%
• 1M: -16.62%
• YTD: 8.04%
• 6M: 5.52%
• 1Y: 21.37%
• 3Y*: 25.11%
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 2.53%
• 1M: -6.67%
• YTD: 129.31%
• 6M: 97.01%
• 1Y: 156.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZU vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
AMZU Direxion Daily AMZN Bull 2X Shares	8.04%	-12.34%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	129.31%	-33.00%

Correlation

The correlation between AMZU and NRGU is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.01

The correlation between AMZU and NRGU shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

AMZU vs. NRGU - Sectors Allocation Comparison

Sectors	AMZU	NRGU
Consumer Cyclical	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AMZU vs. NRGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZU

AMZU Risk / Return Rank: 15
AMZU Sharpe Ratio Rank: 14
AMZU Sortino Ratio Rank: 17
AMZU Omega Ratio Rank: 17
AMZU Calmar Ratio Rank: 15
AMZU Martin Ratio Rank: 14

NRGU

NRGU Risk / Return Rank: 58
NRGU Sharpe Ratio Rank: 62
NRGU Sortino Ratio Rank: 48
NRGU Omega Ratio Rank: 48
NRGU Calmar Ratio Rank: 77
NRGU Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZU vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AMZU	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	0.36	2.11	-1.75
Sortino ratio: Return per unit of downside risk	0.91	2.43	-1.52
Omega ratio: Gain probability vs. loss probability	1.11	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.50	3.95	-3.45
Martin ratio: Return relative to average drawdown	1.13	9.88	-8.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZU vs. NRGU - Sharpe Ratio Comparison

The current AMZU Sharpe Ratio is 0.36, which is lower than the NRGU Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of AMZU and NRGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMZU	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	2.11	-1.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.45	-0.20

Drawdowns

AMZU vs. NRGU - Drawdown Comparison

The maximum AMZU drawdown since its inception was -55.59%, roughly equal to the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for AMZU and NRGU.

Drawdown Indicators

	AMZU	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-55.59%	-57.50%	+1.91%
Max Drawdown (1Y) Largest decline over 1 year	-42.98%	-39.95%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	-55.47%	—	—
Current Drawdown Current decline from peak	-20.42%	-20.91%	+0.49%
Average Drawdown Average peak-to-trough decline	-21.91%	-25.42%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.91%	15.96%	+2.95%

Volatility

AMZU vs. NRGU - Volatility Comparison

The current volatility for Direxion Daily AMZN Bull 2X Shares (AMZU) is 14.41%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.63%. This indicates that AMZU experiences smaller price fluctuations and is considered to be less risky than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZU	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.41%	31.63%	-17.22%
Volatility (6M) Calculated over the trailing 6-month period	40.64%	61.27%	-20.63%
Volatility (1Y) Calculated over the trailing 1-year period	59.79%	75.15%	-15.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.16%	89.15%	-29.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.16%	89.15%	-29.99%

AMZU vs. NRGU - Expense Ratio Comparison

AMZU has a 1.06% expense ratio, which is higher than NRGU's 0.95% expense ratio.

Dividends

AMZU vs. NRGU - Dividend Comparison

AMZU's dividend yield for the trailing twelve months is around 5.62%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
AMZU Direxion Daily AMZN Bull 2X Shares	5.62%	6.12%	3.79%	3.37%	0.50%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZU and NRGU in my portfolio?

AMZU and NRGU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZU or NRGU?

NRGU has higher volatility (31.63%) compared to AMZU (14.41%). In terms of maximum drawdown, AMZU dropped -55.59% vs NRGU's -57.50%.

Which ETF is better, AMZU or NRGU?

On 1-year performance, NRGU leads with 156.99% vs 21.37% for AMZU. On fees, NRGU is cheaper at 0.95% per year. On volatility, AMZU has been the lower-risk option at 14.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZU or NRGU?

Over the 1-year period, NRGU has performed better with a 156.99% return vs 21.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZU or NRGU?

NRGU is cheaper with a 0.95% expense ratio, compared with 1.06% for AMZU.

Which ETF pays a higher dividend yield, AMZU or NRGU?

AMZU has the higher dividend yield at 5.62%, compared with 0.00% for NRGU.

What is the main difference between AMZU and NRGU?

AMZU tracks Amazon.com, Inc. (150%), while NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%). They also come from different issuers: Direxion and BMO. Their fees differ too: 1.06% for AMZU and 0.95% for NRGU.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (2.11 vs 0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.