EVAV vs. NRGU

Last updated Jun 4, 2026

EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds - EVAV tracks the Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%) while NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%). Both are passively managed. At a 0.16 correlation, their price movements are largely independent. EVAV charges 0.98%/yr vs 0.95%/yr for NRGU.

Performance

EVAV vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) 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

EVAV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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)

EVAV vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.00%	15.31%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	129.31%	-33.00%

Correlation

The correlation between EVAV and NRGU is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.16

The correlation between EVAV and NRGU shifts across timeframes, from 0.04 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

EVAV vs. NRGU - Sectors Allocation Comparison

Sectors	EVAV	NRGU
Consumer Cyclical	22.3%	-
Technology	2.7%	-
Industrials	2.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

EVAV vs. NRGU — Risk / Return Rank

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

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.

EVAV vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EVAV	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Drawdowns

Drawdown Indicators

	EVAV	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	—	-57.50%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-39.95%	—
Current Drawdown Current decline from peak	—	-20.91%	—
Average Drawdown Average peak-to-trough decline	—	-25.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.96%	—

Volatility

Volatility by Period

	EVAV	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	75.15%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	89.15%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	89.15%	—

EVAV vs. NRGU - Expense Ratio Comparison

EVAV has a 0.98% expense ratio, which is higher than NRGU's 0.95% expense ratio.

Dividends

EVAV vs. NRGU - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.81%	0.97%	2.52%	2.34%	0.51%
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 EVAV and NRGU in my portfolio?

EVAV and NRGU have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVAV or NRGU?

On fees, NRGU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVAV or NRGU?

NRGU is cheaper with a 0.95% expense ratio, compared with 0.98% for EVAV.

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

EVAV has the higher dividend yield at 0.81%, compared with 0.00% for NRGU.

What is the main difference between EVAV and NRGU?

EVAV tracks Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%), while NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%). They also come from different issuers: Direxion and BMO. Their fees differ too: 0.98% for EVAV and 0.95% for NRGU.