ARMG vs. NRGU

Last updated Jun 5, 2026

ARMG (Leverage Shares 2X Long ARM Daily ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds. ARMG is actively managed, while NRGU is passively managed. Over the past year, ARMG returned 443.95% vs 171.19% for NRGU. At a 0.06 correlation, their price movements are largely independent. ARMG charges 0.75%/yr vs 0.95%/yr for NRGU.

Performance

ARMG vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ARM Daily ETF (ARMG) 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, ARMG achieves a 841.05% return, which is significantly higher than NRGU's 125.94% return.

ARMG

• 1D: -9.19%
• 1M: 211.14%
• YTD: 841.05%
• 6M: 460.44%
• 1Y: 443.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: -1.47%
• 1M: -6.46%
• YTD: 125.94%
• 6M: 93.16%
• 1Y: 171.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMG vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	841.05%	-64.54%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	125.94%	-33.00%

Correlation

The correlation between ARMG and NRGU is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.06

The correlation between ARMG and NRGU shifts across timeframes, from -0.05 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARMG vs. NRGU — Risk / Return Rank

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

ARMG

ARMG Risk / Return Rank: 81
ARMG Sharpe Ratio Rank: 93
ARMG Sortino Ratio Rank: 78
ARMG Omega Ratio Rank: 74
ARMG Calmar Ratio Rank: 93
ARMG Martin Ratio Rank: 65

NRGU

NRGU Risk / Return Rank: 64
NRGU Sharpe Ratio Rank: 72
NRGU Sortino Ratio Rank: 53
NRGU Omega Ratio Rank: 53
NRGU Calmar Ratio Rank: 82
NRGU Martin Ratio Rank: 61

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.

ARMG vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ARM Daily ETF (ARMG) 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.

	ARMG	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	3.43	2.31	+1.12
Sortino ratio: Return per unit of downside risk	3.45	2.55	+0.90
Omega ratio: Gain probability vs. loss probability	1.43	1.32	+0.11
Calmar ratio: Return relative to maximum drawdown	6.57	4.31	+2.26
Martin ratio: Return relative to average drawdown	11.59	10.74	+0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARMG vs. NRGU - Sharpe Ratio Comparison

The current ARMG Sharpe Ratio is 3.43, which is higher than the NRGU Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ARMG 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

	ARMG	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.43	2.31	+1.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.43	+0.67

Drawdowns

ARMG vs. NRGU - Drawdown Comparison

The maximum ARMG drawdown since its inception was -80.28%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for ARMG and NRGU.

Drawdown Indicators

	ARMG	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-80.28%	-57.50%	-22.78%
Max Drawdown (1Y) Largest decline over 1 year	-68.13%	-39.95%	-28.18%
Current Drawdown Current decline from peak	-9.19%	-22.07%	+12.88%
Average Drawdown Average peak-to-trough decline	-52.91%	-25.41%	-27.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.55%	16.01%	+22.54%

Volatility

ARMG vs. NRGU - Volatility Comparison

Leverage Shares 2X Long ARM Daily ETF (ARMG) has a higher volatility of 66.47% compared to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) at 31.62%. This indicates that ARMG's price experiences larger fluctuations and is considered to be riskier than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARMG	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.47%	31.62%	+34.85%
Volatility (6M) Calculated over the trailing 6-month period	104.49%	61.19%	+43.30%
Volatility (1Y) Calculated over the trailing 1-year period	130.67%	75.02%	+55.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.36%	89.03%	+49.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.36%	89.03%	+49.33%

ARMG vs. NRGU - Expense Ratio Comparison

ARMG has a 0.75% expense ratio, which is lower than NRGU's 0.95% expense ratio.

Dividends

ARMG vs. NRGU - Dividend Comparison

ARMG's dividend yield for the trailing twelve months is around 0.52%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARMG and NRGU in my portfolio?

ARMG and NRGU have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARMG or NRGU?

ARMG has higher volatility (66.47%) compared to NRGU (31.62%). In terms of maximum drawdown, ARMG dropped -80.28% vs NRGU's -57.50%.

Which ETF is better, ARMG or NRGU?

On 1-year performance, ARMG leads with 443.95% vs 171.19% for NRGU. On fees, ARMG is cheaper at 0.75% per year. On volatility, NRGU has been the lower-risk option at 31.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARMG or NRGU?

Over the 1-year period, ARMG has performed better with a 443.95% return vs 171.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARMG or NRGU?

ARMG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGU.

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

ARMG has the higher dividend yield at 0.52%, compared with 0.00% for NRGU.

What is the main difference between ARMG and NRGU?

They also come from different issuers: Leverage Shares and BMO. Their fees differ too: 0.75% for ARMG and 0.95% for NRGU.

Which has better risk-adjusted returns?

ARMG currently has the higher Sharpe Ratio (3.43 vs 2.31), 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.