NASA vs. NRGU

Last updated Jul 17, 2026

NASA (Tema Space Innovators ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - NASA is a Aerospace & Defense fund actively managed by Tema, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). NASA is actively managed, while NRGU is passively managed. At a correlation of -0.19, they often move in opposite directions. NASA charges 0.75%/yr vs 0.95%/yr for NRGU.

Performance

NASA vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Space Innovators ETF (NASA) 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

NASA

• 1D: -6.07%
• 1M: -27.39%
• 6M: —
• YTD: —
• 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)

NASA vs. NRGU - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	-3.65%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	-23.05%

Correlation

The correlation between NASA and NRGU is -0.19, 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 Mar 31, 2026	-0.19

Return for Risk

NASA vs. NRGU — Risk / Return Rank

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

NASA

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.

NASA vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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.

	NASA	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

NASA vs. NRGU - Drawdown Comparison

The maximum NASA drawdown since its inception was -44.57%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for NASA and NRGU.

Drawdown Indicators

	NASA	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-44.57%	-57.50%	+12.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.89%	—
Current Drawdown Current decline from peak	-44.57%	-24.81%	-19.76%
Average Drawdown Average peak-to-trough decline	-13.59%	-26.06%	+12.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.53%	—

Volatility

Volatility by Period

	NASA	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	67.06%	76.98%	-9.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.06%	89.07%	-22.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.06%	89.07%	-22.01%

NASA vs. NRGU - Expense Ratio Comparison

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

Dividends

NASA vs. NRGU - Dividend Comparison

Neither NASA nor NRGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NASA and NRGU in my portfolio?

NASA and NRGU have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NASA or NRGU?

On fees, NASA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NASA or NRGU?

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

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

NASA and NRGU have nearly identical dividend yields, around 0.00%.

What is the main difference between NASA and NRGU?

NASA is categorized as Aerospace & Defense, while NRGU is Leveraged Equities. They also come from different issuers: Tema and BMO. Their fees differ too: 0.75% for NASA and 0.95% for NRGU.