HOOG vs. NRGU

Last updated Jun 5, 2026

HOOG (Leverage Shares 2X Long HOOD Daily ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds. HOOG is actively managed, while NRGU is passively managed. Over the past year, HOOG returned -21.60% vs 171.19% for NRGU. At a 0.03 correlation, their price movements are largely independent. HOOG charges 0.75%/yr vs 0.95%/yr for NRGU.

Performance

HOOG vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long HOOD Daily ETF (HOOG) 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, HOOG achieves a -55.34% return, which is significantly lower than NRGU's 125.94% return.

HOOG

• 1D: 12.78%
• 1M: 23.20%
• YTD: -55.34%
• 6M: -70.69%
• 1Y: -21.60%
• 3Y*: —
• 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)

HOOG vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-55.34%	291.44%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	125.94%	-25.77%

Correlation

The correlation between HOOG and NRGU is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.03

The correlation between HOOG and NRGU shifts across timeframes, from -0.08 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HOOG vs. NRGU — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 11
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 16
HOOG Omega Ratio Rank: 16
HOOG Calmar Ratio Rank: 7
HOOG Martin Ratio Rank: 7

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.

HOOG vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long HOOD Daily ETF (HOOG) 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.

	HOOG	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	2.31	-2.46
Sortino ratio: Return per unit of downside risk	0.76	2.55	-1.79
Omega ratio: Gain probability vs. loss probability	1.09	1.32	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.25	4.31	-4.56
Martin ratio: Return relative to average drawdown	-0.40	10.74	-11.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOOG vs. NRGU - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is -0.16, which is lower than the NRGU Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of HOOG 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

	HOOG	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.16	2.31	-2.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.43	-0.02

Drawdowns

HOOG vs. NRGU - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for HOOG and NRGU.

Drawdown Indicators

	HOOG	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-57.50%	-29.44%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-39.95%	-46.99%
Current Drawdown Current decline from peak	-79.17%	-22.07%	-57.10%
Average Drawdown Average peak-to-trough decline	-37.70%	-25.41%	-12.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.46%	16.01%	+37.45%

Volatility

HOOG vs. NRGU - Volatility Comparison

Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a higher volatility of 43.09% compared to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) at 31.62%. This indicates that HOOG's price experiences larger fluctuations and is considered to be riskier than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOG	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.09%	31.62%	+11.47%
Volatility (6M) Calculated over the trailing 6-month period	101.33%	61.19%	+40.14%
Volatility (1Y) Calculated over the trailing 1-year period	137.25%	75.02%	+62.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.07%	89.03%	+56.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.07%	89.03%	+56.04%

HOOG vs. NRGU - Expense Ratio Comparison

HOOG has a 0.75% expense ratio, which is lower than NRGU's 0.95% expense ratio.

Dividends

HOOG vs. NRGU - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 27.55%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	27.55%	12.30%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOG and NRGU in my portfolio?

HOOG and NRGU have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOG or NRGU?

HOOG has higher volatility (43.09%) compared to NRGU (31.62%). In terms of maximum drawdown, HOOG dropped -86.94% vs NRGU's -57.50%.

Which ETF is better, HOOG or NRGU?

On 1-year performance, NRGU leads with 171.19% vs -21.60% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, NRGU has been the lower-risk option at 31.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOG or NRGU?

Over the 1-year period, NRGU has performed better with a 171.19% return vs -21.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOG or NRGU?

HOOG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGU.

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

HOOG has the higher dividend yield at 27.55%, compared with 0.00% for NRGU.

What is the main difference between HOOG and NRGU?

They also come from different issuers: Leverage Shares and BMO. Their fees differ too: 0.75% for HOOG and 0.95% for NRGU.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (2.31 vs -0.16), 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.