BEX vs. NRGU

Last updated Jun 4, 2026

BEX (Tradr 2X Long BE Daily ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds. BEX is actively managed, while NRGU is passively managed. At a 0.14 correlation, their price movements are largely independent. BEX charges 1.30%/yr vs 0.95%/yr for NRGU.

Performance

BEX vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long BE Daily ETF (BEX) 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

BEX

• 1D: -10.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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)

BEX vs. NRGU - Yearly Performance Comparison

	2026 (YTD)
BEX Tradr 2X Long BE Daily ETF	-11.47%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	13.33%

Correlation

The correlation between BEX and NRGU is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.14

Return for Risk

BEX vs. NRGU — Risk / Return Rank

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

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.

BEX vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long BE Daily ETF (BEX) 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.

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

Sharpe Ratios by Period

	BEX	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	0.45	-1.04

Drawdowns

BEX vs. NRGU - Drawdown Comparison

The maximum BEX drawdown since its inception was -18.65%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for BEX and NRGU.

Drawdown Indicators

	BEX	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-18.65%	-57.50%	+38.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.95%	—
Current Drawdown Current decline from peak	-11.47%	-20.91%	+9.44%
Average Drawdown Average peak-to-trough decline	-9.41%	-25.42%	+16.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.96%	—

Volatility

Volatility by Period

	BEX	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	184.67%	75.15%	+109.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.67%	89.15%	+95.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.67%	89.15%	+95.52%

BEX vs. NRGU - Expense Ratio Comparison

BEX has a 1.30% expense ratio, which is higher than NRGU's 0.95% expense ratio.

Dividends

BEX vs. NRGU - Dividend Comparison

Neither BEX nor NRGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BEX and NRGU in my portfolio?

BEX 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 ETF is better, BEX or NRGU?

On fees, NRGU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEX or NRGU?

NRGU is cheaper with a 0.95% expense ratio, compared with 1.30% for BEX.

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

BEX and NRGU have nearly identical dividend yields, around 0.00%.

What is the main difference between BEX and NRGU?

They also come from different issuers: Tradr and BMO. Their fees differ too: 1.30% for BEX and 0.95% for NRGU.