BNDP vs. NRGU

Last updated Jul 17, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - BNDP is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Float Adjusted Index, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). Both are passively managed. At a correlation of -0.39, they often move in opposite directions. BNDP charges 0.05%/yr vs 0.95%/yr for NRGU.

Performance

BNDP vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) 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, BNDP achieves a 0.25% return, which is significantly lower than NRGU's 118.00% return.

BNDP

• 1D: -0.05%
• 1M: -0.53%
• 6M: -0.06%
• YTD: 0.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 3.84%
• 1M: 18.77%
• 6M: 86.19%
• YTD: 118.00%
• 1Y: 119.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDP vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	0.25%	0.08%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	118.00%	-14.09%

Correlation

The correlation between BNDP and NRGU is -0.39, 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 (All Time) Calculated using the full available price history since Dec 4, 2025	-0.39

Return for Risk

BNDP vs. NRGU — Risk / Return Rank

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

BNDP

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

NRGU

NRGU Risk / Return Rank: 55
NRGU Sharpe Ratio Rank: 58
NRGU Sortino Ratio Rank: 52
NRGU Omega Ratio Rank: 50
NRGU Calmar Ratio Rank: 69
NRGU Martin Ratio Rank: 47

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.

BNDP vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) 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.

	BNDP	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.08	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.73	—
Martin ratio: Return relative to average drawdown	—	6.13	—

Drawdowns

BNDP vs. NRGU - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for BNDP and NRGU.

Drawdown Indicators

	BNDP	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-2.60%	-57.50%	+54.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.89%	—
Current Drawdown Current decline from peak	-1.39%	-24.81%	+23.42%
Average Drawdown Average peak-to-trough decline	-0.92%	-26.06%	+25.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.53%	—

Volatility

Volatility by Period

	BNDP	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	63.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	76.98%	-73.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.68%	89.07%	-85.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.68%	89.07%	-85.39%

BNDP vs. NRGU - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than NRGU's 0.95% expense ratio.

Dividends

BNDP vs. NRGU - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.45%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025
BNDP Vanguard Core-Plus Bond Index ETF	2.45%	0.24%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both BNDP and NRGU in my portfolio?

BNDP and NRGU have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDP or NRGU?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDP or NRGU?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.95% for NRGU.

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

BNDP has the higher dividend yield at 2.45%, compared with 0.00% for NRGU.

What is the main difference between BNDP and NRGU?

BNDP is categorized as Intermediate Core-Plus Bond, while NRGU is Leveraged Equities. BNDP tracks Bloomberg U.S. Universal Float Adjusted Index, while NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%). They also come from different issuers: Vanguard and BMO. Their fees differ too: 0.05% for BNDP and 0.95% for NRGU.