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DRIP vs. NRGD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DRIP and NRGD is 0.80, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

DRIP vs. NRGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%40.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30
8.75%
-1.37%
DRIP
NRGD

Key characteristics

Daily Std Dev

DRIP:

47.34%

NRGD:

73.87%

Max Drawdown

DRIP:

-99.90%

NRGD:

-28.10%

Current Drawdown

DRIP:

-99.86%

NRGD:

-27.41%

Returns By Period


DRIP

YTD

-2.92%

1M

-4.15%

6M

-3.36%

1Y

28.18%

5Y*

-64.76%

10Y*

N/A

NRGD

YTD

N/A

1M

-10.26%

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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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.


DRIP
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares
Expense ratio chart for DRIP: current value is 1.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DRIP: 1.07%
Expense ratio chart for NRGD: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NRGD: 0.95%

Risk-Adjusted Performance

DRIP vs. NRGD — Risk-Adjusted Performance Rank

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

DRIP
The Risk-Adjusted Performance Rank of DRIP is 5555
Overall Rank
The Sharpe Ratio Rank of DRIP is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of DRIP is 6868
Sortino Ratio Rank
The Omega Ratio Rank of DRIP is 6262
Omega Ratio Rank
The Calmar Ratio Rank of DRIP is 3636
Calmar Ratio Rank
The Martin Ratio Rank of DRIP is 5454
Martin Ratio Rank

NRGD
The Risk-Adjusted Performance Rank of NRGD is 33
Overall Rank
The Sharpe Ratio Rank of NRGD is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of NRGD is 33
Sortino Ratio Rank
The Omega Ratio Rank of NRGD is 33
Omega Ratio Rank
The Calmar Ratio Rank of NRGD is 33
Calmar Ratio Rank
The Martin Ratio Rank of NRGD is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for DRIP, currently valued at 0.56, compared to the broader market-1.000.001.002.003.004.005.00
DRIP: 0.56
The chart of Sortino ratio for DRIP, currently valued at 1.14, compared to the broader market-2.000.002.004.006.008.0010.00
DRIP: 1.14
The chart of Omega ratio for DRIP, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.00
DRIP: 1.13
The chart of Calmar ratio for DRIP, currently valued at 0.26, compared to the broader market0.005.0010.0015.00
DRIP: 0.26
The chart of Martin ratio for DRIP, currently valued at 2.07, compared to the broader market0.0020.0040.0060.0080.00100.00
DRIP: 2.07


Chart placeholderNot enough data

Dividends

DRIP vs. NRGD - Dividend Comparison

DRIP's dividend yield for the trailing twelve months is around 3.93%, while NRGD has not paid dividends to shareholders.


TTM2024202320222021202020192018
DRIP
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares
3.93%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%

Drawdowns

DRIP vs. NRGD - Drawdown Comparison

The maximum DRIP drawdown since its inception was -99.90%, which is greater than NRGD's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for DRIP and NRGD. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30
-18.42%
-27.41%
DRIP
NRGD

Volatility

DRIP vs. NRGD - Volatility Comparison

The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 12.78%, while MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a volatility of 17.88%. 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.


12.00%14.00%16.00%18.00%20.00%22.00%24.00%Sat 22Mar 23Mon 24Tue 25Wed 26Thu 27Fri 28Sat 29Mar 30Mon 31April
12.78%
17.88%
DRIP
NRGD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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