IREG vs. NRGU
IREG (Leverage Shares 2X Long IREN Daily ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds. IREG is actively managed, while NRGU is passively managed. At a correlation of -0.11, they often move in opposite directions. IREG charges 0.75%/yr vs 0.95%/yr for NRGU.
Performance
IREG vs. NRGU - Performance Comparison
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Returns By Period
In the year-to-date period, IREG achieves a 76.42% return, which is significantly lower than NRGU's 129.31% return.
IREG
- 1D
- -3.13%
- 1M
- 56.03%
- YTD
- 76.42%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGU
- 1D
- 2.53%
- 1M
- -6.67%
- YTD
- 129.31%
- 6M
- 97.01%
- 1Y
- 156.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | 76.42% | 3.65% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 129.31% | 2.76% |
Correlation
The correlation between IREG and NRGU is -0.11, 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 (All Time) Calculated using the full available price history since Dec 17, 2025 | -0.11 |
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Return for Risk
IREG vs. NRGU — Risk / Return Rank
IREG
NRGU
IREG vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IREG | NRGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.45 | +0.88 |
Drawdowns
IREG vs. NRGU - Drawdown Comparison
The maximum IREG drawdown since its inception was -80.08%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for IREG and NRGU.
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Drawdown Indicators
| IREG | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -57.50% | -22.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -39.95% | — |
Current DrawdownCurrent decline from peak | -29.69% | -20.91% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -25.42% | -18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.96% | — |
Volatility
IREG vs. NRGU - Volatility Comparison
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Volatility by Period
| IREG | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 31.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 61.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 208.00% | 75.15% | +132.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 208.00% | 89.15% | +118.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.00% | 89.15% | +118.85% |
IREG vs. NRGU - Expense Ratio Comparison
IREG has a 0.75% expense ratio, which is lower than NRGU's 0.95% expense ratio.
Dividends
IREG vs. NRGU - Dividend Comparison
Neither IREG nor NRGU has paid dividends to shareholders.
Frequently Asked Questions
IREG and NRGU have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGU.
IREG and NRGU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and BMO. Their fees differ too: 0.75% for IREG and 0.95% for NRGU.
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