EIPX vs. NRGU

Last updated Apr 2, 2026

Compare and contrast key facts about FT Energy Income Partners Strategy ETF (EIPX) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).

EIPX and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIPX is an actively managed fund by First Trust. It was launched on Nov 1, 2022. 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.

Performance

EIPX vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Strategy ETF (EIPX) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

EIPX vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
EIPX FT Energy Income Partners Strategy ETF	21.23%	4.16%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%

Returns By Period

In the year-to-date period, EIPX achieves a 21.23% return, which is significantly lower than NRGU's 139.49% return.

EIPX

• 1D: -0.96%
• 1M: 1.05%
• YTD: 21.23%
• 6M: 23.05%
• 1Y: 25.37%
• 3Y*: 20.98%
• 5Y*: —
• 10Y*: —

NRGU

• 1D: -10.75%
• 1M: 24.81%
• YTD: 139.49%
• 6M: 107.68%
• 1Y: 69.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EIPX vs. NRGU - Expense Ratio Comparison

Both EIPX and NRGU have an expense ratio of 0.95%.

EIPX

FT Energy Income Partners Strategy ETF

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Return for Risk

EIPX vs. NRGU — Risk / Return Rank

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

EIPX

EIPX Risk / Return Rank: 73
EIPX Sharpe Ratio Rank: 79
EIPX Sortino Ratio Rank: 75
EIPX Omega Ratio Rank: 80
EIPX Calmar Ratio Rank: 64
EIPX Martin Ratio Rank: 69

NRGU

NRGU Risk / Return Rank: 45
NRGU Sharpe Ratio Rank: 40
NRGU Sortino Ratio Rank: 54
NRGU Omega Ratio Rank: 54
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EIPX vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.

	EIPX	NRGU	Difference
Sharpe ratio Return per unit of total volatility	1.56	0.79	+0.77
Sortino ratio Return per unit of downside risk	1.99	1.48	+0.51
Omega ratio Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	1.76	1.29	+0.46
Martin ratio Return relative to average drawdown	7.71	2.64	+5.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIPX vs. NRGU - Sharpe Ratio Comparison

The current EIPX Sharpe Ratio is 1.56, which is higher than the NRGU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of EIPX and NRGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EIPX	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.79	+0.77
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.61	+0.63

Correlation

The correlation between EIPX and NRGU is 0.77, 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

EIPX vs. NRGU - Dividend Comparison

EIPX's dividend yield for the trailing twelve months is around 2.69%, while NRGU has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.69%	3.23%	3.27%	3.48%	0.34%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EIPX vs. NRGU - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for EIPX and NRGU.

Drawdown Indicators

	EIPX	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-57.50%	+42.07%
Max Drawdown (1Y) Largest decline over 1 year	-14.87%	-55.24%	+40.37%
Current Drawdown Current decline from peak	-1.91%	-17.40%	+15.49%
Average Drawdown Average peak-to-trough decline	-2.29%	-25.38%	+23.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	27.12%	-23.73%

Volatility

EIPX vs. NRGU - Volatility Comparison

The current volatility for FT Energy Income Partners Strategy ETF (EIPX) is 3.00%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 23.31%. This indicates that EIPX 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.

Volatility by Period

	EIPX	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	23.31%	-20.31%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	50.27%	-42.12%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	88.18%	-71.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.19%	87.12%	-71.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.19%	87.12%	-71.93%