NRGD vs. DIG
NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and DIG (ProShares Ultra Oil & Gas) are both Leveraged Equities funds - NRGD tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while DIG tracks the Dow Jones U.S. Oil & Gas Index (200%). Both are passively managed. Over the past year, NRGD returned -79.81% vs 81.22% for DIG. Their -0.95 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
NRGD vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, NRGD achieves a -75.22% return, which is significantly lower than DIG's 66.37% return.
NRGD
- 1D
- 5.43%
- 1M
- -35.72%
- 6M
- -66.58%
- YTD
- -75.22%
- 1Y
- -79.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -71.78%
DIG
- 1D
- -2.58%
- 1M
- 20.98%
- 6M
- 33.99%
- YTD
- 66.37%
- 1Y
- 81.22%
- 3Y*
- 16.66%
- 5Y*
- 35.08%
- 10Y*
- 5.18%
- ALL TIME*
- -0.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $2.48M | $2.42M | |
| $625.37K | $556.49K | $704.40K |
NRGD vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -75.22% | -35.40% |
DIG ProShares Ultra Oil & Gas | 66.37% | -9.74% |
Correlation
The correlation between NRGD and DIG is -0.94, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.95 |
The correlation between NRGD and DIG has been stable across timeframes, ranging from -0.95 to -0.94 - a consistent structural relationship.
NRGD vs. DIG - Sectors Allocation Comparison
Sectors
NRGD
DIG
Energy
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
NRGD
DIG
Basic Materials
NRGD
-
DIG
-
Communication Services
NRGD
-
DIG
-
Consumer Cyclical
NRGD
-
DIG
-
Consumer Defensive
NRGD
-
DIG
-
Financial Services
NRGD
-
DIG
Healthcare
NRGD
-
DIG
-
Industrials
NRGD
-
DIG
-
Real Estate
NRGD
-
DIG
-
Technology
NRGD
-
DIG
-
Utilities
NRGD
-
DIG
-
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Return for Risk
NRGD vs. DIG — Risk / Return Rank
NRGD
DIG
NRGD vs. DIG - 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 ProShares Ultra Oil & Gas (DIG). 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 | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.66 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.29 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.74 | -3.71 |
| Martin ratioReturn relative to average drawdown | -1.49 | 6.98 | -8.46 |
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Drawdowns
NRGD vs. DIG - Drawdown Comparison
The maximum NRGD drawdown since its inception was -91.37%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for NRGD and DIG.
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Drawdown Indicators
| NRGD | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.37% | -97.04% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -82.12% | -29.80% | -52.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -90.90% | -51.26% | -39.64% |
Average DrawdownAverage peak-to-trough decline | -62.05% | -64.27% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.63% | 11.68% | +41.95% |
Volatility
NRGD vs. DIG - Volatility Comparison
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 24.28% compared to ProShares Ultra Oil & Gas (DIG) at 12.58%. This indicates that NRGD's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGD | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.28% | 12.58% | +11.70% |
Volatility (6M)Calculated over the trailing 6-month period | 60.77% | 33.67% | +27.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.09% | 42.13% | +33.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.90% | 51.16% | +36.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.90% | 57.79% | +30.11% |
NRGD vs. DIG - Expense Ratio Comparison
Both NRGD and DIG have an expense ratio of 0.95%.
Dividends
NRGD vs. DIG - Dividend Comparison
NRGD has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.49% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NRGD and DIG have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGD has higher volatility (24.28%) compared to DIG (12.58%). In terms of maximum drawdown, NRGD dropped -91.37% vs DIG's -97.04%.
On 1-year performance, DIG leads with 81.22% vs -79.81% for NRGD. Both ETFs have the same 0.95% expense ratio. On volatility, DIG has been the lower-risk option at 12.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIG has performed better with a 81.22% return vs -79.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NRGD and DIG have the same expense ratio: 0.95% per year.
DIG has the higher dividend yield at 1.49%, compared with 0.00% for NRGD.
NRGD tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while DIG tracks Dow Jones U.S. Oil & Gas Index (200%). They also come from different issuers: BMO and ProShares.
DIG currently has the higher Sharpe Ratio (1.94 vs -1.05), 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.
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