HQU.TO vs. NRGU

Last updated Jun 4, 2026

HQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - HQU.TO is a Nasdaq-100 fund managed by Global X, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). Over the past year, HQU.TO returned 81.34% vs 160.31% for NRGU. At a 0.04 correlation, their price movements are largely independent.

Performance

HQU.TO vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HQU.TO is traded in CAD, while NRGU is traded in USD. To make them comparable, the NRGU values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HQU.TO achieves a 41.30% return, which is significantly lower than NRGU's 132.23% return.

HQU.TO

• 1D: 0.95%
• 1M: 22.05%
• YTD: 41.30%
• 6M: 36.32%
• 1Y: 81.34%
• 3Y*: 46.99%
• 5Y*: 23.89%
• 10Y*: 33.31%

NRGU

• 1D: 2.95%
• 1M: -4.81%
• YTD: 132.23%
• 6M: 96.24%
• 1Y: 160.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HQU.TO vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	41.30%	16.65%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	132.23%	-35.12%

Correlation

The correlation between HQU.TO and NRGU is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.04

The correlation between HQU.TO and NRGU shifts across timeframes, from -0.16 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

HQU.TO vs. NRGU - Sectors Allocation Comparison

Sectors	HQU.TO	NRGU
Technology	52.7%	-
Communication Services	15.2%	-
Consumer Cyclical	14.3%	-
Consumer Defensive	5.5%	-
Healthcare	5.0%	-
Industrials	3.5%	-
Basic Materials	1.3%	-
Utilities	1.2%	-
Energy	0.6%	100.0%
Financial Services	0.5%	-
Real Estate	0.2%	-

Return for Risk

HQU.TO vs. NRGU — Risk / Return Rank

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

HQU.TO

HQU.TO Risk / Return Rank: 70
HQU.TO Sharpe Ratio Rank: 82
HQU.TO Sortino Ratio Rank: 70
HQU.TO Omega Ratio Rank: 69
HQU.TO Calmar Ratio Rank: 67
HQU.TO Martin Ratio Rank: 63

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.

HQU.TO vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) 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.

	HQU.TO	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.15	+0.51
Sortino ratio: Return per unit of downside risk	3.15	2.46	+0.69
Omega ratio: Gain probability vs. loss probability	1.41	1.31	+0.10
Calmar ratio: Return relative to maximum drawdown	3.27	3.95	-0.68
Martin ratio: Return relative to average drawdown	11.20	9.96	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HQU.TO vs. NRGU - Sharpe Ratio Comparison

The current HQU.TO Sharpe Ratio is 2.66, which is comparable to the NRGU Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of HQU.TO 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

	HQU.TO	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.15	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.43	-0.36

Drawdowns

HQU.TO vs. NRGU - Drawdown Comparison

The maximum HQU.TO drawdown since its inception was -95.76%, which is greater than NRGU's maximum drawdown of -58.08%. Use the drawdown chart below to compare losses from any high point for HQU.TO and NRGU.

Drawdown Indicators

	HQU.TO	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-95.76%	-58.08%	-37.68%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-40.82%	+14.97%
Max Drawdown (3Y) Largest decline over 3 years	-43.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	0.00%	-20.88%	+20.88%
Average Drawdown Average peak-to-trough decline	-55.29%	-26.48%	-28.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	16.18%	-8.64%

Volatility

HQU.TO vs. NRGU - Volatility Comparison

The current volatility for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) is 9.22%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.79%. This indicates that HQU.TO 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

	HQU.TO	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	31.79%	-22.57%
Volatility (6M) Calculated over the trailing 6-month period	24.33%	61.63%	-37.30%
Volatility (1Y) Calculated over the trailing 1-year period	31.85%	75.26%	-43.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.90%	88.89%	-43.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.87%	88.89%	-44.02%

Dividends

HQU.TO vs. NRGU - Dividend Comparison

Neither HQU.TO nor NRGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HQU.TO and NRGU in my portfolio?

HQU.TO and NRGU have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HQU.TO and NRGU?

HQU.TO is categorized as Nasdaq-100, while NRGU is Leveraged Equities. They also come from different issuers: Global X and BMO.