FLYU vs. NRGU

Last updated Jun 5, 2026

FLYU (MicroSectors Travel 3X Leveraged ETNs) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds - FLYU tracks the MerQube MicroSectors U.S. Travel Index while NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%). Both are passively managed. Over the past year, FLYU returned -0.23% vs 171.19% for NRGU. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

FLYU vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Travel 3X Leveraged ETNs (FLYU) 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, FLYU achieves a -20.70% return, which is significantly lower than NRGU's 125.94% return.

FLYU

• 1D: 2.09%
• 1M: 12.82%
• YTD: -20.70%
• 6M: -12.97%
• 1Y: -0.23%
• 3Y*: 10.52%
• 5Y*: —
• 10Y*: —

NRGU

• 1D: -1.47%
• 1M: -6.46%
• YTD: 125.94%
• 6M: 93.16%
• 1Y: 171.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLYU vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
FLYU MicroSectors Travel 3X Leveraged ETNs	-20.70%	-17.27%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	125.94%	-33.00%

Correlation

The correlation between FLYU and NRGU is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.05

The correlation between FLYU and NRGU shifts across timeframes, from -0.14 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

FLYU vs. NRGU - Sectors Allocation Comparison

Sectors	FLYU	NRGU
Consumer Cyclical	52.6%	-
Industrials	17.7%	-
Technology	16.4%	-
Communication Services	13.2%	-
Real Estate	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

FLYU vs. NRGU — Risk / Return Rank

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

FLYU

FLYU Risk / Return Rank: 11
FLYU Sharpe Ratio Rank: 9
FLYU Sortino Ratio Rank: 14
FLYU Omega Ratio Rank: 13
FLYU Calmar Ratio Rank: 9
FLYU Martin Ratio Rank: 9

NRGU

NRGU Risk / Return Rank: 64
NRGU Sharpe Ratio Rank: 72
NRGU Sortino Ratio Rank: 53
NRGU Omega Ratio Rank: 53
NRGU Calmar Ratio Rank: 82
NRGU Martin Ratio Rank: 61

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.

FLYU vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) 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.

	FLYU	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	2.31	-2.31
Sortino ratio: Return per unit of downside risk	0.54	2.55	-2.01
Omega ratio: Gain probability vs. loss probability	1.06	1.32	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.00	4.31	-4.32
Martin ratio: Return relative to average drawdown	-0.01	10.74	-10.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLYU vs. NRGU - Sharpe Ratio Comparison

The current FLYU Sharpe Ratio is -0.00, which is lower than the NRGU Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of FLYU 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

	FLYU	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	2.31	-2.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.43	-0.24

Drawdowns

FLYU vs. NRGU - Drawdown Comparison

The maximum FLYU drawdown since its inception was -69.00%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for FLYU and NRGU.

Drawdown Indicators

	FLYU	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-69.00%	-57.50%	-11.50%
Max Drawdown (1Y) Largest decline over 1 year	-52.33%	-39.95%	-12.38%
Max Drawdown (3Y) Largest decline over 3 years	-69.00%	—	—
Current Drawdown Current decline from peak	-37.10%	-22.07%	-15.03%
Average Drawdown Average peak-to-trough decline	-26.48%	-25.41%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.60%	16.01%	+8.59%

Volatility

FLYU vs. NRGU - Volatility Comparison

The current volatility for MicroSectors Travel 3X Leveraged ETNs (FLYU) is 24.39%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.62%. This indicates that FLYU 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

	FLYU	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.39%	31.62%	-7.23%
Volatility (6M) Calculated over the trailing 6-month period	57.28%	61.19%	-3.91%
Volatility (1Y) Calculated over the trailing 1-year period	73.74%	75.02%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.12%	89.03%	-5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.12%	89.03%	-5.91%

FLYU vs. NRGU - Expense Ratio Comparison

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

Dividends

FLYU vs. NRGU - Dividend Comparison

Neither FLYU nor NRGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLYU and NRGU in my portfolio?

FLYU and NRGU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLYU or NRGU?

NRGU has higher volatility (31.62%) compared to FLYU (24.39%). In terms of maximum drawdown, FLYU dropped -69.00% vs NRGU's -57.50%.

Which ETF is better, FLYU or NRGU?

On 1-year performance, NRGU leads with 171.19% vs -0.23% for FLYU. Both ETFs have the same 0.95% expense ratio. On volatility, FLYU has been the lower-risk option at 24.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLYU or NRGU?

Over the 1-year period, NRGU has performed better with a 171.19% return vs -0.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLYU or NRGU?

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

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

FLYU and NRGU have nearly identical dividend yields, around 0.00%.

What is the main difference between FLYU and NRGU?

FLYU tracks MerQube MicroSectors U.S. Travel Index, while NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%). They also come from different issuers: REX and BMO.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (2.31 vs -0.00), 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.