DRIP vs. NRGU
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds - DRIP tracks the S&P Oil & Gas Exploration & Production Select Industry Index (-300%) while NRGU tracks the Solactive MicroSectors U.S. Big Oil Index. Both are passively managed. Over the past year, DRIP returned -57.86% vs 147.96% for NRGU. Their -0.92 correlation means they have often moved in opposite directions in the past. DRIP charges 1.07%/yr vs 0.95%/yr for NRGU.
Performance
DRIP vs. NRGU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRIP achieves a -53.72% return, which is significantly lower than NRGU's 139.31% return.
DRIP
- 1D
- 3.59%
- 1M
- -22.42%
- 6M
- -46.02%
- YTD
- -53.72%
- 1Y
- -57.86%
- 3Y*
- -24.65%
- 5Y*
- -45.76%
- 10Y*
- -42.61%
- ALL TIME*
- -41.99%
NRGU
- 1D
- -6.93%
- 1M
- 40.77%
- 6M
- 89.59%
- YTD
- 139.31%
- 1Y
- 147.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 42.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.92M | $63.12M | $132.02M | |
| $4.50M | $4.24M | $3.94M |
DRIP vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -53.72% | -4.37% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 139.31% | -30.00% |
Correlation
The correlation between DRIP and NRGU is -0.93, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.92 |
The correlation between DRIP and NRGU has been stable across timeframes, ranging from -0.93 to -0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRIP vs. NRGU — Risk / Return Rank
DRIP
NRGU
DRIP vs. NRGU - 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 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.
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.
| DRIP | NRGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.29 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 3.39 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.52 | 7.61 | -9.12 |
Loading charts...
Drawdowns
DRIP vs. NRGU - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for DRIP and NRGU.
Loading charts...
Drawdown Indicators
| DRIP | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -57.50% | -42.45% |
Max Drawdown (1Y)Largest decline over 1 year | -62.18% | -43.89% | -18.29% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -17.46% | -82.48% |
Average DrawdownAverage peak-to-trough decline | -90.56% | -25.72% | -64.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.17% | 19.53% | +18.64% |
Volatility
DRIP vs. NRGU - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 17.47%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 24.63%. This indicates that DRIP 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.
Loading charts...
Volatility by Period
| DRIP | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | 24.63% | -7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 44.98% | 64.77% | -19.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 77.42% | -20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.64% | 88.56% | -20.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.72% | 88.56% | +7.16% |
DRIP vs. NRGU - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than NRGU's 0.95% expense ratio.
Dividends
DRIP vs. NRGU - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.84%, while NRGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.84% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRIP and NRGU have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (24.63%) compared to DRIP (17.47%). In terms of maximum drawdown, DRIP dropped -99.95% vs NRGU's -57.50%.
On 1-year performance, NRGU leads with 147.96% vs -57.86% for DRIP. On fees, NRGU is cheaper at 0.95% per year. On volatility, DRIP has been the lower-risk option at 17.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NRGU has performed better with a 147.96% return vs -57.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NRGU is cheaper with a 0.95% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.84%, compared with 0.00% for NRGU.
DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while NRGU tracks Solactive MicroSectors U.S. Big Oil Index. They also come from different issuers: Direxion and BMO. Their fees differ too: 1.07% for DRIP and 0.95% for NRGU.
NRGU currently has the higher Sharpe Ratio (1.93 vs -1.02), 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.
Find the right allocation for DRIP and NRGU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer