NRGD vs. BOIL
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and ProShares Ultra Bloomberg Natural Gas (BOIL).
NRGD and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NRGD is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both NRGD and BOIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRGD or BOIL.
Key characteristics
| NRGD | BOIL | |
|---|---|---|
| YTD Return | -32.92% | -45.57% |
| 1Y Return | -58.89% | -72.26% |
| 3Y Return (Ann) | -72.69% | -68.53% |
| 5Y Return (Ann) | -77.28% | -66.68% |
| Sharpe Ratio | -0.99 | -0.76 |
| Daily Std Dev | 58.30% | 95.43% |
| Max Drawdown | -99.99% | -100.00% |
| Current Drawdown | -99.98% | -100.00% |
Correlation
The correlation between NRGD and BOIL is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NRGD vs. BOIL - Performance Comparison
In the year-to-date period, NRGD achieves a -32.92% return, which is significantly higher than BOIL's -45.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NRGD vs. BOIL - Expense Ratio Comparison
NRGD has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
NRGD vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
Dividends
NRGD vs. BOIL - Dividend Comparison
Neither NRGD nor BOIL has paid dividends to shareholders.
Drawdowns
NRGD vs. BOIL - Drawdown Comparison
The maximum NRGD drawdown since its inception was -99.99%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NRGD and BOIL. For additional features, visit the drawdowns tool.
Volatility
NRGD vs. BOIL - Volatility Comparison
The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 15.75%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.28%. This indicates that NRGD experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.