AVGX vs. NRGU

Last updated Apr 2, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long AVGO ETF (AVGX) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).

AVGX and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVGX is an actively managed fund by Defiance. It was launched on Aug 21, 2024. NRGU is a passively managed fund by BMO that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019.

Performance

AVGX vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long AVGO ETF (AVGX) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

AVGX vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
AVGX Defiance Daily Target 2X Long AVGO ETF	-23.54%	66.61%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%

Returns By Period

In the year-to-date period, AVGX achieves a -23.54% return, which is significantly lower than NRGU's 139.49% return.

AVGX

• 1D: 2.46%
• 1M: -5.51%
• YTD: -23.54%
• 6M: -25.44%
• 1Y: 143.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: -10.75%
• 1M: 24.81%
• YTD: 139.49%
• 6M: 107.68%
• 1Y: 69.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGX vs. NRGU - Expense Ratio Comparison

AVGX has a 1.29% expense ratio, which is higher than NRGU's 0.95% expense ratio.

AVGX

Defiance Daily Target 2X Long AVGO ETF

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Return for Risk

AVGX vs. NRGU — Risk / Return Rank

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

AVGX

AVGX Risk / Return Rank: 76
AVGX Sharpe Ratio Rank: 78
AVGX Sortino Ratio Rank: 83
AVGX Omega Ratio Rank: 75
AVGX Calmar Ratio Rank: 85
AVGX Martin Ratio Rank: 60

NRGU

NRGU Risk / Return Rank: 45
NRGU Sharpe Ratio Rank: 40
NRGU Sortino Ratio Rank: 54
NRGU Omega Ratio Rank: 54
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 30

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.

AVGX vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) 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.

	AVGX	NRGU	Difference
Sharpe ratio Return per unit of total volatility	1.50	0.79	+0.71
Sortino ratio Return per unit of downside risk	2.28	1.48	+0.80
Omega ratio Gain probability vs. loss probability	1.30	1.21	+0.08
Calmar ratio Return relative to maximum drawdown	2.70	1.29	+1.41
Martin ratio Return relative to average drawdown	6.27	2.64	+3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGX vs. NRGU - Sharpe Ratio Comparison

The current AVGX Sharpe Ratio is 1.50, which is higher than the NRGU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of AVGX and NRGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVGX	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	0.79	+0.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.61	-0.14

Correlation

The correlation between AVGX and NRGU is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AVGX vs. NRGU - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 2.16%, while NRGU has not paid dividends to shareholders.

	TTM	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	2.16%	1.65%	0.81%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%

Drawdowns

AVGX vs. NRGU - Drawdown Comparison

The maximum AVGX drawdown since its inception was -70.97%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for AVGX and NRGU.

Drawdown Indicators

	AVGX	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-57.50%	-13.47%
Max Drawdown (1Y) Largest decline over 1 year	-54.09%	-55.24%	+1.15%
Current Drawdown Current decline from peak	-47.77%	-17.40%	-30.37%
Average Drawdown Average peak-to-trough decline	-23.64%	-25.38%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.31%	27.12%	-3.81%

Volatility

AVGX vs. NRGU - Volatility Comparison

Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 25.01% compared to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) at 23.31%. This indicates that AVGX'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

	AVGX	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.01%	23.31%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	65.23%	50.27%	+14.96%
Volatility (1Y) Calculated over the trailing 1-year period	95.98%	88.18%	+7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.59%	87.12%	+19.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.59%	87.12%	+19.47%