CEFD vs. NRGU
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).
CEFD and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. 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. Both CEFD and NRGU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CEFD vs. NRGU - Performance Comparison
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CEFD vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | -5.27% | 6.23% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 168.34% | -33.00% |
Returns By Period
In the year-to-date period, CEFD achieves a -5.27% return, which is significantly lower than NRGU's 168.34% return.
CEFD
- 1D
- 4.24%
- 1M
- -8.24%
- YTD
- -5.27%
- 6M
- -4.15%
- 1Y
- 8.28%
- 3Y*
- 11.04%
- 5Y*
- 2.39%
- 10Y*
- —
NRGU
- 1D
- -5.28%
- 1M
- 54.17%
- YTD
- 168.34%
- 6M
- 128.96%
- 1Y
- 92.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CEFD vs. NRGU - Expense Ratio Comparison
Both CEFD and NRGU have an expense ratio of 0.95%.
Return for Risk
CEFD vs. NRGU — Risk / Return Rank
CEFD
NRGU
CEFD vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) 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.
| CEFD | NRGU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | 1.06 | -0.66 |
Sortino ratioReturn per unit of downside risk | 0.68 | 1.70 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.79 | -1.28 |
Martin ratioReturn relative to average drawdown | 2.32 | 3.65 | -1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEFD | NRGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.06 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.81 | -0.40 |
Correlation
The correlation between CEFD and NRGU is 0.19, 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
CEFD vs. NRGU - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 16.09%, while NRGU has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 16.09% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CEFD vs. NRGU - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for CEFD and NRGU.
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Drawdown Indicators
| CEFD | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -57.50% | +20.55% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -55.24% | +39.11% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | — | — |
Current DrawdownCurrent decline from peak | -8.80% | -7.45% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -25.41% | +13.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 27.10% | -23.54% |
Volatility
CEFD vs. NRGU - Volatility Comparison
The current volatility for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) is 8.66%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 19.53%. This indicates that CEFD experiences smaller price fluctuations and is considered to be less risky than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEFD | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 19.53% | -10.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 48.98% | -38.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 87.53% | -66.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 86.64% | -68.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 86.64% | -69.24% |