BULZ vs. OILU

Last updated Jun 24, 2026

BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - BULZ is a Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%), while OILU is a Leveraged Commodities fund managed by BMO. Over the past 3 years, BULZ returned 74.62%/yr vs 4.85%/yr for OILU. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

BULZ vs. OILU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BULZ achieves a 42.05% return, which is significantly lower than OILU's 53.67% return.

BULZ

• 1D: -11.88%
• 1M: -15.57%
• YTD: 42.05%
• 6M: 35.20%
• 1Y: 135.83%
• 3Y*: 74.62%
• 5Y*: —
• 10Y*: —

OILU

• 1D: 1.46%
• 1M: -25.16%
• YTD: 53.67%
• 6M: 54.81%
• 1Y: 54.07%
• 3Y*: 4.85%
• 5Y*: —
• 10Y*: —

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

BULZ vs. OILU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	42.05%	60.09%	54.09%	394.22%	-92.26%	-18.67%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	53.67%	-16.50%	-21.65%	-32.50%	151.08%	-16.79%

Correlation

The correlation between BULZ and OILU is -0.10, 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 (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021	0.16

The correlation between BULZ and OILU shifts across timeframes, from -0.10 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BULZ vs. OILU — Risk / Return Rank

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

BULZ

BULZ Risk / Return Rank: 47
BULZ Sharpe Ratio Rank: 52
BULZ Sortino Ratio Rank: 44
BULZ Omega Ratio Rank: 45
BULZ Calmar Ratio Rank: 53
BULZ Martin Ratio Rank: 42

OILU

OILU Risk / Return Rank: 26
OILU Sharpe Ratio Rank: 25
OILU Sortino Ratio Rank: 27
OILU Omega Ratio Rank: 25
OILU Calmar Ratio Rank: 26
OILU Martin Ratio Rank: 27

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.

BULZ vs. OILU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.

	BULZ	OILU	Difference
Sharpe ratio: Return per unit of total volatility	1.71	0.86	+0.85
Sortino ratio: Return per unit of downside risk	2.12	1.42	+0.70
Omega ratio: Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio: Return relative to maximum drawdown	2.52	1.24	+1.28
Martin ratio: Return relative to average drawdown	6.50	3.58	+2.92

BULZ vs. OILU - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 1.71, which is higher than the OILU Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of BULZ and OILU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BULZ vs. OILU - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for BULZ and OILU.

Drawdown Indicators

	BULZ	OILU	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-81.00%	-13.44%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	-43.74%	-10.48%
Max Drawdown (3Y) Largest decline over 3 years	-67.96%	-69.09%	+1.13%
Current Drawdown Current decline from peak	-33.07%	-58.67%	+25.60%
Average Drawdown Average peak-to-trough decline	-58.02%	-50.58%	-7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.98%	15.16%	+5.82%

Volatility

BULZ vs. OILU - Volatility Comparison

MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a higher volatility of 35.31% compared to MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) at 21.87%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BULZ	OILU	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.31%	21.87%	+13.44%
Volatility (6M) Calculated over the trailing 6-month period	63.55%	50.75%	+12.80%
Volatility (1Y) Calculated over the trailing 1-year period	80.03%	63.57%	+16.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.84%	81.10%	+10.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.84%	81.10%	+10.74%

BULZ vs. OILU - Expense Ratio Comparison

Both BULZ and OILU have an expense ratio of 0.95%.

Dividends

BULZ vs. OILU - Dividend Comparison

Neither BULZ nor OILU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BULZ and OILU in my portfolio?

BULZ and OILU have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BULZ or OILU?

BULZ has higher volatility (35.31%) compared to OILU (21.87%). In terms of maximum drawdown, BULZ dropped -94.44% vs OILU's -81.00%.

Which ETF is better, BULZ or OILU?

On 3-year performance, BULZ leads with 74.62% vs 4.85% for OILU. Both ETFs have the same 0.95% expense ratio. On volatility, OILU has been the lower-risk option at 21.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BULZ or OILU?

Over the 3-year period, BULZ has performed better with a 74.62% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BULZ or OILU?

BULZ and OILU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, BULZ or OILU?

BULZ and OILU have nearly identical dividend yields, around 0.00%.

What is the main difference between BULZ and OILU?

BULZ is categorized as Leveraged Equities, while OILU is Leveraged Commodities.

Which has better risk-adjusted returns?

BULZ currently has the higher Sharpe Ratio (1.71 vs 0.86), 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.