EXP vs. NRGU

Last updated Jun 4, 2026

EXP (Eagle Materials Inc.) is a stock, while NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) is Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). Over the past year, EXP returned 9.05% vs 156.99% for NRGU. At a 0.13 correlation, their price movements are largely independent.

Performance

EXP vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eagle Materials Inc. (EXP) 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, EXP achieves a 5.86% return, which is significantly lower than NRGU's 129.31% return.

EXP

• 1D: 0.10%
• 1M: 6.69%
• YTD: 5.86%
• 6M: -2.23%
• 1Y: 9.05%
• 3Y*: 9.44%
• 5Y*: 8.86%
• 10Y*: 11.43%

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)

EXP vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
EXP Eagle Materials Inc.	5.86%	-10.86%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	129.31%	-33.00%

Correlation

The correlation between EXP and NRGU is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.13

The correlation between EXP and NRGU shifts across timeframes, from -0.02 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EXP vs. NRGU — Risk / Return Rank

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

EXP

EXP Risk / Return Rank: 47
EXP Sharpe Ratio Rank: 50
EXP Sortino Ratio Rank: 45
EXP Omega Ratio Rank: 43
EXP Calmar Ratio Rank: 48
EXP Martin Ratio Rank: 49

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.

EXP vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eagle Materials Inc. (EXP) 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.

	EXP	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	0.27	2.11	-1.84
Sortino ratio: Return per unit of downside risk	0.65	2.43	-1.78
Omega ratio: Gain probability vs. loss probability	1.07	1.30	-0.23
Calmar ratio: Return relative to maximum drawdown	0.32	3.95	-3.63
Martin ratio: Return relative to average drawdown	0.82	9.88	-9.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXP vs. NRGU - Sharpe Ratio Comparison

The current EXP Sharpe Ratio is 0.27, which is lower than the NRGU Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of EXP 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

	EXP	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	2.11	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.45	-0.07

Drawdowns

EXP vs. NRGU - Drawdown Comparison

The maximum EXP drawdown since its inception was -79.52%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for EXP and NRGU.

Drawdown Indicators

	EXP	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-57.50%	-22.02%
Max Drawdown (1Y) Largest decline over 1 year	-28.31%	-39.95%	+11.64%
Max Drawdown (3Y) Largest decline over 3 years	-44.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.78%	—	—
Current Drawdown Current decline from peak	-30.22%	-20.91%	-9.31%
Average Drawdown Average peak-to-trough decline	-24.00%	-25.42%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.08%	15.96%	-4.88%

Volatility

EXP vs. NRGU - Volatility Comparison

The current volatility for Eagle Materials Inc. (EXP) is 9.55%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.63%. This indicates that EXP 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

	EXP	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.55%	31.63%	-22.08%
Volatility (6M) Calculated over the trailing 6-month period	24.63%	61.27%	-36.64%
Volatility (1Y) Calculated over the trailing 1-year period	33.53%	75.15%	-41.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.62%	89.15%	-56.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.98%	89.15%	-53.17%

Dividends

EXP vs. NRGU - Dividend Comparison

EXP's dividend yield for the trailing twelve months is around 0.46%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXP Eagle Materials Inc.	0.46%	0.48%	0.41%	0.49%	0.75%	0.45%	0.10%	0.44%	0.66%	0.35%	0.41%	0.66%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EXP and NRGU in my portfolio?

EXP and NRGU have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXP or NRGU?

NRGU has higher volatility (31.63%) compared to EXP (9.55%). In terms of maximum drawdown, EXP dropped -79.52% vs NRGU's -57.50%.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (2.11 vs 0.27), 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.