EIPX vs. NRGU

Last updated Jun 4, 2026

EIPX (FT Energy Income Partners Strategy ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - EIPX is a Energy Equities fund actively managed by First Trust, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). EIPX is actively managed, while NRGU is passively managed. Over the past year, EIPX returned 30.04% vs 156.99% for NRGU. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

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.

Returns By Period

In the year-to-date period, EIPX achieves a 21.96% return, which is significantly lower than NRGU's 129.31% return.

EIPX

• 1D: 0.19%
• 1M: -2.12%
• YTD: 21.96%
• 6M: 19.46%
• 1Y: 30.04%
• 3Y*: 21.12%
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 2.53%
• 1M: -6.67%
• YTD: 129.31%
• 6M: 97.01%
• 1Y: 156.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EIPX vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
EIPX FT Energy Income Partners Strategy ETF	21.96%	4.16%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	129.31%	-33.00%

Correlation

The correlation between EIPX and NRGU is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.75

The correlation between EIPX and NRGU has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.

EIPX vs. NRGU - Sectors Allocation Comparison

Sectors	EIPX	NRGU
Energy	69.5%	100.0%
Utilities	26.1%	-
Industrials	4.2%	-
Technology	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

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: 86
EIPX Sharpe Ratio Rank: 83
EIPX Sortino Ratio Rank: 85
EIPX Omega Ratio Rank: 77
EIPX Calmar Ratio Rank: 94
EIPX Martin Ratio Rank: 89

NRGU

NRGU Risk / Return Rank: 58
NRGU Sharpe Ratio Rank: 62
NRGU Sortino Ratio Rank: 48
NRGU Omega Ratio Rank: 48
NRGU Calmar Ratio Rank: 77
NRGU Martin Ratio Rank: 56

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	2.71	2.11	+0.60
Sortino ratio Return per unit of downside risk	3.82	2.43	+1.39
Omega ratio Gain probability vs. loss probability	1.46	1.30	+0.16
Calmar ratio Return relative to maximum drawdown	7.32	3.95	+3.37
Martin ratio Return relative to average drawdown	20.31	9.88	+10.43
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 2.71, which is comparable to the NRGU Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of EIPX and NRGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EIPX	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	2.11	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	0.45	+0.75

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	-4.12%	-39.95%	+35.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.43%	—	—
Current Drawdown Current decline from peak	-2.58%	-20.91%	+18.33%
Average Drawdown Average peak-to-trough decline	-2.27%	-25.42%	+23.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	15.96%	-14.47%

Volatility

EIPX vs. NRGU - Volatility Comparison

The current volatility for FT Energy Income Partners Strategy ETF (EIPX) is 4.01%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.63%. 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	4.01%	31.63%	-27.62%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	61.27%	-52.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	75.15%	-63.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	89.15%	-74.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	89.15%	-74.09%

EIPX vs. NRGU - Expense Ratio Comparison

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

Dividends

EIPX vs. NRGU - Dividend Comparison

EIPX's dividend yield for the trailing twelve months is around 2.68%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.68%	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%

Frequently Asked Questions

Can I hold both EIPX and NRGU in my portfolio?

EIPX and NRGU have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIPX or NRGU?

NRGU has higher volatility (31.63%) compared to EIPX (4.01%). In terms of maximum drawdown, EIPX dropped -15.43% vs NRGU's -57.50%.

Which ETF is better, EIPX or NRGU?

On 1-year performance, NRGU leads with 156.99% vs 30.04% for EIPX. Both ETFs have the same 0.95% expense ratio. On volatility, EIPX has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIPX or NRGU?

Over the 1-year period, NRGU has performed better with a 156.99% return vs 30.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIPX or NRGU?

EIPX and NRGU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, EIPX or NRGU?

EIPX has the higher dividend yield at 2.68%, compared with 0.00% for NRGU.

What is the main difference between EIPX and NRGU?

EIPX is categorized as Energy Equities, while NRGU is Leveraged Equities. They also come from different issuers: First Trust and BMO.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.71 vs 2.11), 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.