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 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.
Performance
DRIP vs. NRGD - Performance Comparison
Loading graphics...
DRIP vs. NRGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -53.90% | -4.57% |
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -69.03% | -32.37% |
Returns By Period
In the year-to-date period, DRIP achieves a -53.90% return, which is significantly higher than NRGD's -69.03% return.
DRIP
- 1D
- 4.02%
- 1M
- -30.07%
- YTD
- -53.90%
- 6M
- -51.15%
- 1Y
- -60.00%
- 3Y*
- -31.92%
- 5Y*
- -46.13%
- 10Y*
- -47.04%
NRGD
- 1D
- 5.43%
- 1M
- -38.99%
- YTD
- -69.03%
- 6M
- -68.32%
- 1Y
- -79.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DRIP vs. NRGD - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than NRGD's 0.95% expense ratio.
Return for Risk
DRIP vs. NRGD — Risk / Return Rank
DRIP
NRGD
DRIP vs. NRGD - Risk-Adjusted Trends 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.
| DRIP | NRGD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.90 | -0.89 | -0.01 |
Sortino ratioReturn per unit of downside risk | -1.52 | -1.86 | +0.34 |
Omega ratioGain probability vs. loss probability | 0.83 | 0.79 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.89 | +0.10 |
Martin ratioReturn relative to average drawdown | -1.30 | -1.30 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DRIP | NRGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.89 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | -0.87 | +0.44 |
Correlation
The correlation between DRIP and NRGD is 0.91, 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.
Dividends
DRIP vs. NRGD - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 4.28%, while NRGD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 4.28% | 2.86% | 4.38% | 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% | 0.00% | 0.00% |
Drawdowns
DRIP vs. NRGD - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than NRGD's maximum drawdown of -89.38%. Use the drawdown chart below to compare losses from any high point for DRIP and NRGD.
Loading graphics...
Drawdown Indicators
| DRIP | NRGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -89.38% | -10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -76.02% | -89.38% | +13.36% |
Max Drawdown (5Y)Largest decline over 5 years | -96.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -88.63% | -11.31% |
Average DrawdownAverage peak-to-trough decline | -90.30% | -54.41% | -35.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.55% | 61.18% | -14.63% |
Volatility
DRIP vs. NRGD - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 14.57%, while MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a volatility of 19.52%. 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.
Loading graphics...
Volatility by Period
| DRIP | NRGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.57% | 19.52% | -4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 38.68% | 50.19% | -11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.53% | 88.75% | -22.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.89% | 87.55% | -18.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.12% | 87.55% | +9.57% |