DRIP vs. NRGD
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD).
DRIP and NRGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. NRGD is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. Both DRIP and NRGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIP or NRGD.
Key characteristics
| DRIP | NRGD | |
|---|---|---|
| YTD Return | -19.43% | -32.99% |
| 1Y Return | -41.49% | -57.21% |
| 3Y Return (Ann) | -53.85% | -71.80% |
| 5Y Return (Ann) | -53.36% | -77.34% |
| Sharpe Ratio | -0.91 | -0.98 |
| Daily Std Dev | 46.14% | 58.24% |
| Max Drawdown | -99.90% | -99.99% |
| Current Drawdown | -99.88% | -99.98% |
Correlation
The correlation between DRIP and NRGD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DRIP vs. NRGD - Performance Comparison
In the year-to-date period, DRIP achieves a -19.43% return, which is significantly higher than NRGD's -32.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRIP vs. NRGD - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than NRGD's 0.95% expense ratio.
Risk-Adjusted Performance
DRIP vs. NRGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD). 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.
Dividends
DRIP vs. NRGD - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 5.39%, while NRGD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.39% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRIP vs. NRGD - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.90%, roughly equal to the maximum NRGD drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for DRIP and NRGD. For additional features, visit the drawdowns tool.
Volatility
DRIP vs. NRGD - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 11.63%, while MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a volatility of 15.41%. This indicates that DRIP experiences smaller price fluctuations and is considered to be less risky than NRGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.