GOOY vs. NRGU

Last updated Jul 18, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - GOOY is a Derivative Income fund actively managed by YieldMax, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). GOOY is actively managed, while NRGU is passively managed. Over the past year, GOOY returned 70.03% vs 126.07% for NRGU. At a correlation of -0.06, they often move in opposite directions. GOOY charges 0.99%/yr vs 0.95%/yr for NRGU.

Performance

GOOY vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GOOGL Option Income Strategy ETF (GOOY) 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, GOOY achieves a 10.12% return, which is significantly lower than NRGU's 132.63% return.

GOOY

• 1D: -1.62%
• 1M: -4.11%
• 6M: 5.45%
• YTD: 10.12%
• 1Y: 70.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 6.71%
• 1M: 31.49%
• 6M: 102.34%
• YTD: 132.63%
• 1Y: 126.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOY vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
GOOY YieldMax GOOGL Option Income Strategy ETF	10.12%	54.82%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	132.63%	-30.00%

Correlation

The correlation between GOOY and NRGU is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.06

The correlation between GOOY and NRGU shifts across timeframes, from -0.22 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GOOY vs. NRGU — Risk / Return Rank

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

GOOY

GOOY Risk / Return Rank: 91
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 94
GOOY Omega Ratio Rank: 92
GOOY Calmar Ratio Rank: 90
GOOY Martin Ratio Rank: 85

NRGU

NRGU Risk / Return Rank: 58
NRGU Sharpe Ratio Rank: 63
NRGU Sortino Ratio Rank: 55
NRGU Omega Ratio Rank: 53
NRGU Calmar Ratio Rank: 72
NRGU Martin Ratio Rank: 49

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.

GOOY vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) 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.

	GOOY	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	2.88	1.65	+1.24
Sortino ratio: Return per unit of downside risk	3.94	2.14	+1.80
Omega ratio: Gain probability vs. loss probability	1.49	1.27	+0.23
Calmar ratio: Return relative to maximum drawdown	4.36	2.89	+1.47
Martin ratio: Return relative to average drawdown	13.49	6.47	+7.02

GOOY vs. NRGU - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 2.88, which is higher than the NRGU Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of GOOY 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.

Drawdowns

GOOY vs. NRGU - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for GOOY and NRGU.

Drawdown Indicators

	GOOY	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-57.50%	+33.10%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-43.89%	+27.74%
Current Drawdown Current decline from peak	-11.42%	-19.77%	+8.35%
Average Drawdown Average peak-to-trough decline	-6.36%	-26.04%	+19.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	19.57%	-14.36%

Volatility

GOOY vs. NRGU - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 8.92%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 24.11%. This indicates that GOOY 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

	GOOY	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.92%	24.11%	-15.19%
Volatility (6M) Calculated over the trailing 6-month period	18.86%	63.88%	-45.02%
Volatility (1Y) Calculated over the trailing 1-year period	24.42%	77.06%	-52.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.52%	89.11%	-65.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.52%	89.11%	-65.59%

GOOY vs. NRGU - Expense Ratio Comparison

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

Dividends

GOOY vs. NRGU - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 53.63%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	53.63%	41.50%	36.74%	7.90%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOOY and NRGU in my portfolio?

GOOY and NRGU have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOY or NRGU?

NRGU has higher volatility (24.11%) compared to GOOY (8.92%). In terms of maximum drawdown, GOOY dropped -24.40% vs NRGU's -57.50%.

Which ETF is better, GOOY or NRGU?

On 1-year performance, NRGU leads with 126.07% vs 70.03% for GOOY. On fees, NRGU is cheaper at 0.95% per year. On volatility, GOOY has been the lower-risk option at 8.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or NRGU?

Over the 1-year period, NRGU has performed better with a 126.07% return vs 70.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or NRGU?

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

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

GOOY has the higher dividend yield at 53.63%, compared with 0.00% for NRGU.

What is the main difference between GOOY and NRGU?

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

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (2.88 vs 1.65), 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.