GLDW vs. NRGU

Last updated Jul 17, 2026

GLDW (Roundhill Gold WeeklyPay ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). GLDW is actively managed, while NRGU is passively managed. At a correlation of -0.04, they often move in opposite directions. GLDW charges 0.99%/yr vs 0.95%/yr for NRGU.

Performance

GLDW vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold WeeklyPay ETF (GLDW) 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, GLDW achieves a -12.10% return, which is significantly lower than NRGU's 118.00% return.

GLDW

• 1D: -2.26%
• 1M: -10.14%
• 6M: -18.75%
• YTD: -12.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 3.84%
• 1M: 18.77%
• 6M: 86.19%
• YTD: 118.00%
• 1Y: 119.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDW vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
GLDW Roundhill Gold WeeklyPay ETF	-12.10%	9.36%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	118.00%	-4.42%

Correlation

The correlation between GLDW 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 (All Time) Calculated using the full available price history since Oct 30, 2025	-0.04

Return for Risk

GLDW vs. NRGU — Risk / Return Rank

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

GLDW

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

NRGU

NRGU Risk / Return Rank: 55
NRGU Sharpe Ratio Rank: 58
NRGU Sortino Ratio Rank: 52
NRGU Omega Ratio Rank: 50
NRGU Calmar Ratio Rank: 69
NRGU Martin Ratio Rank: 47

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.

GLDW vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GLDW	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.08	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.73	—
Martin ratio: Return relative to average drawdown	—	6.13	—

Drawdowns

GLDW vs. NRGU - Drawdown Comparison

The maximum GLDW drawdown since its inception was -32.55%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for GLDW and NRGU.

Drawdown Indicators

	GLDW	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-32.55%	-57.50%	+24.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.89%	—
Current Drawdown Current decline from peak	-32.55%	-24.81%	-7.74%
Average Drawdown Average peak-to-trough decline	-12.16%	-26.06%	+13.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.53%	—

Volatility

Volatility by Period

	GLDW	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	63.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.47%	76.98%	-40.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.47%	89.07%	-52.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.47%	89.07%	-52.60%

GLDW vs. NRGU - Expense Ratio Comparison

GLDW has a 0.99% expense ratio, which is higher than NRGU's 0.95% expense ratio.

Dividends

GLDW vs. NRGU - Dividend Comparison

GLDW's dividend yield for the trailing twelve months is around 26.12%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025
GLDW Roundhill Gold WeeklyPay ETF	26.12%	3.75%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLDW and NRGU in my portfolio?

GLDW 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, GLDW 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, GLDW or NRGU?

NRGU is cheaper with a 0.95% expense ratio, compared with 0.99% for GLDW.

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

GLDW has the higher dividend yield at 26.12%, compared with 0.00% for NRGU.

What is the main difference between GLDW and NRGU?

GLDW is categorized as Derivative Income, while NRGU is Leveraged Equities. They also come from different issuers: State Street and BMO. Their fees differ too: 0.99% for GLDW and 0.95% for NRGU.