BDYN vs. NRGU

Last updated Aug 6, 2026

BDYN (iShares Dynamic Equity Active ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - BDYN is a Global Equities fund actively managed by iShares, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index. BDYN is actively managed, while NRGU is passively managed. Their -0.21 correlation means they have often moved in opposite directions in the past. BDYN charges 0.40%/yr vs 0.95%/yr for NRGU.

Performance

BDYN vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Dynamic Equity Active ETF (BDYN) 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, BDYN achieves a 10.64% return, which is significantly lower than NRGU's 113.43% return.

BDYN

• 1D: 0.06%
• 1M: 1.50%
• 6M: 9.21%
• YTD: 10.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NRGU

• 1D: -9.74%
• 1M: 26.70%
• 6M: 38.13%
• YTD: 113.43%
• 1Y: 116.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDYN iShares Dynamic Equity Active ETF	$10.34M	$9.91M	$9.90M
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	$4.51M	$4.31M	$3.75M

BDYN vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
BDYN iShares Dynamic Equity Active ETF	10.64%	3.61%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	113.43%	-8.95%

Correlation

The correlation between BDYN and NRGU is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	-0.21

BDYN vs. NRGU - Sectors Allocation Comparison

Sectors	BDYN	NRGU
Technology	30.5%	-
Industrials	15.4%	-
Financial Services	13.1%	-
Healthcare	10.6%	-
Communication Services	9.6%	-
Consumer Cyclical	8.8%	-
Energy	5.2%	100.0%
Consumer Defensive	3.4%	-
Utilities	1.9%	-
Basic Materials	1.3%	-
Real Estate	0.1%	-

Return for Risk

BDYN vs. NRGU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BDYN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NRGU

NRGU Risk / Return Rank: 53
NRGU Sharpe Ratio Rank: 53
NRGU Sortino Ratio Rank: 50
NRGU Omega Ratio Rank: 47
NRGU Calmar Ratio Rank: 67
NRGU Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BDYN vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dynamic Equity Active ETF (BDYN) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BDYN	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.50	—
Sortino ratio: Return per unit of downside risk	—	2.03	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.67	—
Martin ratio: Return relative to average drawdown	—	5.95	—

Drawdowns

BDYN vs. NRGU - Drawdown Comparison

The maximum BDYN drawdown since its inception was -10.85%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for BDYN and NRGU.

Drawdown Indicators

	BDYN	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-10.85%	-57.50%	+46.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.89%	—
Current Drawdown Current decline from peak	0.00%	-26.39%	+26.39%
Average Drawdown Average peak-to-trough decline	-1.75%	-25.70%	+23.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.64%	—

Volatility

Volatility by Period

	BDYN	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.91%	77.95%	-63.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	88.71%	-73.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	88.71%	-73.80%

BDYN vs. NRGU - Expense Ratio Comparison

BDYN has a 0.40% expense ratio, which is lower than NRGU's 0.95% expense ratio.

Dividends

BDYN vs. NRGU - Dividend Comparison

BDYN's dividend yield for the trailing twelve months is around 1.97%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025
BDYN iShares Dynamic Equity Active ETF	1.97%	2.18%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDYN and NRGU in my portfolio?

BDYN and NRGU have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BDYN or NRGU?

On fees, BDYN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDYN or NRGU?

BDYN is cheaper with a 0.40% expense ratio, compared with 0.95% for NRGU.

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

BDYN has the higher dividend yield at 1.97%, compared with 0.00% for NRGU.

What is the main difference between BDYN and NRGU?

BDYN is categorized as Global Equities, while NRGU is Leveraged Equities. They also come from different issuers: iShares and BMO. Their fees differ too: 0.40% for BDYN and 0.95% for NRGU.