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.
Correlation
The correlation between NRGD and BOIL is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NRGD vs. BOIL - Performance Comparison
Key characteristics
NRGD:
132.30%
BOIL:
105.09%
NRGD:
-28.10%
BOIL:
-100.00%
NRGD:
0.00%
BOIL:
-99.99%
Returns By Period
NRGD
N/A
19.23%
N/A
N/A
N/A
N/A
BOIL
30.94%
-29.44%
32.65%
9.50%
-55.57%
-55.42%
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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 Rank
NRGD
BOIL
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.
Not enough dataDividends
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 -28.10%, smaller than 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
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 39.44% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 31.41%. This indicates that NRGD's price experiences larger fluctuations and is considered to be riskier than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.