NRGD vs. BMNG
NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. NRGD is passively managed, while BMNG is actively managed. At a correlation of -0.03, they often move in opposite directions. NRGD charges 0.95%/yr vs 0.75%/yr for BMNG.
Performance
NRGD vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, NRGD achieves a -71.23% return, which is significantly higher than BMNG's -83.14% return.
NRGD
- 1D
- -12.87%
- 1M
- -11.15%
- 6M
- -67.30%
- YTD
- -71.23%
- 1Y
- -73.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNG
- 1D
- -4.71%
- 1M
- -22.33%
- 6M
- -86.67%
- YTD
- -83.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGD vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -71.23% | -2.60% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -83.14% | -80.50% |
Correlation
The correlation between NRGD and BMNG is -0.03, 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 (All Time) Calculated using the full available price history since Oct 27, 2025 | -0.03 |
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Return for Risk
NRGD vs. BMNG — Risk / Return Rank
NRGD
BMNG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NRGD vs. BMNG - 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 BMNR Daily ETF (BMNG). 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.
| NRGD | BMNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.80 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | — | — |
| Martin ratioReturn relative to average drawdown | -1.48 | — | — |
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Drawdowns
NRGD vs. BMNG - Drawdown Comparison
The maximum NRGD drawdown since its inception was -89.64%, smaller than the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for NRGD and BMNG.
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Drawdown Indicators
| NRGD | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.64% | -97.32% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -78.53% | — | — |
Current DrawdownCurrent decline from peak | -89.44% | -96.86% | +7.42% |
Average DrawdownAverage peak-to-trough decline | -60.82% | -83.13% | +22.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.95% | — | — |
Volatility
NRGD vs. BMNG - Volatility Comparison
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Volatility by Period
| NRGD | BMNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 60.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.76% | 185.89% | -110.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.65% | 185.89% | -97.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.65% | 185.89% | -97.24% |
NRGD vs. BMNG - Expense Ratio Comparison
NRGD has a 0.95% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
NRGD vs. BMNG - Dividend Comparison
Neither NRGD nor BMNG has paid dividends to shareholders.
Frequently Asked Questions
NRGD and BMNG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BMNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BMNG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGD.
NRGD and BMNG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for NRGD and 0.75% for BMNG.
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