NRGD vs. ARMG

Last updated Jun 4, 2026

NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. NRGD is passively managed, while ARMG is actively managed. Over the past year, NRGD returned -80.85% vs 510.84% for ARMG. At a correlation of -0.05, they often move in opposite directions. NRGD charges 0.95%/yr vs 0.75%/yr for ARMG.

Performance

NRGD vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGD achieves a -70.71% return, which is significantly lower than ARMG's 936.32% return.

NRGD

• 1D: -5.59%
• 1M: -6.21%
• YTD: -70.71%
• 6M: -67.28%
• 1Y: -80.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: 4.85%
• 1M: 261.28%
• YTD: 936.32%
• 6M: 526.62%
• 1Y: 510.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRGD vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	-70.71%	-32.37%
ARMG Leverage Shares 2X Long ARM Daily ETF	936.32%	-64.54%

Correlation

The correlation between NRGD and ARMG is 0.06, 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	0.06
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	-0.05

The correlation between NRGD and ARMG shifts across timeframes, from -0.05 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NRGD vs. ARMG — Risk / Return Rank

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

NRGD

NRGD Risk / Return Rank: 1
NRGD Sharpe Ratio Rank: 1
NRGD Sortino Ratio Rank: 0
NRGD Omega Ratio Rank: 0
NRGD Calmar Ratio Rank: 0
NRGD Martin Ratio Rank: 1

ARMG

ARMG Risk / Return Rank: 84
ARMG Sharpe Ratio Rank: 95
ARMG Sortino Ratio Rank: 80
ARMG Omega Ratio Rank: 77
ARMG Calmar Ratio Rank: 94
ARMG Martin Ratio Rank: 71

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.

NRGD vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	NRGD	ARMG	Difference
Sharpe ratio Return per unit of total volatility	-1.09	3.96	-5.05
Sortino ratio Return per unit of downside risk	-2.47	3.63	-6.10
Omega ratio Gain probability vs. loss probability	0.74	1.46	-0.72
Calmar ratio Return relative to maximum drawdown	-0.98	7.56	-8.54
Martin ratio Return relative to average drawdown	-1.53	13.34	-14.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRGD vs. ARMG - Sharpe Ratio Comparison

The current NRGD Sharpe Ratio is -1.09, which is lower than the ARMG Sharpe Ratio of 3.96. The chart below compares the historical Sharpe Ratios of NRGD and ARMG, 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

	NRGD	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.09	3.96	-5.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.81	1.24	-2.05

Drawdowns

NRGD vs. ARMG - Drawdown Comparison

The maximum NRGD drawdown since its inception was -89.64%, which is greater than ARMG's maximum drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for NRGD and ARMG.

Drawdown Indicators

	NRGD	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-89.64%	-80.28%	-9.36%
Max Drawdown (1Y) Largest decline over 1 year	-82.88%	-68.13%	-14.75%
Current Drawdown Current decline from peak	-89.24%	0.00%	-89.24%
Average Drawdown Average peak-to-trough decline	-58.88%	-53.04%	-5.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.87%	38.55%	+14.32%

Volatility

NRGD vs. ARMG - Volatility Comparison

The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 29.27%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 64.57%. This indicates that NRGD experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGD	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.27%	64.57%	-35.30%
Volatility (6M) Calculated over the trailing 6-month period	58.52%	103.90%	-45.38%
Volatility (1Y) Calculated over the trailing 1-year period	74.26%	130.31%	-56.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.83%	138.30%	-49.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.83%	138.30%	-49.47%

NRGD vs. ARMG - Expense Ratio Comparison

NRGD has a 0.95% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

NRGD vs. ARMG - Dividend Comparison

NRGD has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	0.47%	4.86%
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both NRGD and ARMG in my portfolio?

NRGD and ARMG have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRGD or ARMG?

ARMG has higher volatility (64.57%) compared to NRGD (29.27%). In terms of maximum drawdown, NRGD dropped -89.64% vs ARMG's -80.28%.

Which ETF is better, NRGD or ARMG?

On 1-year performance, ARMG leads with 510.84% vs -80.85% for NRGD. On fees, ARMG is cheaper at 0.75% per year. On volatility, NRGD has been the lower-risk option at 29.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGD or ARMG?

Over the 1-year period, ARMG has performed better with a 510.84% return vs -80.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGD or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGD.

Which ETF pays a higher dividend yield, NRGD or ARMG?

ARMG has the higher dividend yield at 0.47%, compared with 0.00% for NRGD.

What is the main difference between NRGD and ARMG?

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

Which has better risk-adjusted returns?

ARMG currently has the higher Sharpe Ratio (3.96 vs -1.09), 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.