NRGD vs. DRIP
NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) are both Leveraged Equities funds - NRGD tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while DRIP tracks the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). Both are passively managed. Over the past year, NRGD returned -80.85% vs -59.32% for DRIP. Their correlation of 0.92 means they have usually moved in the same direction. NRGD charges 0.95%/yr vs 1.07%/yr for DRIP.
Performance
NRGD vs. DRIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NRGD achieves a -76.50% return, which is significantly lower than DRIP's -55.32% return.
NRGD
- 1D
- -4.00%
- 1M
- -39.03%
- 6M
- -66.80%
- YTD
- -76.50%
- 1Y
- -80.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -72.99%
DRIP
- 1D
- -2.95%
- 1M
- -25.11%
- 6M
- -44.52%
- YTD
- -55.32%
- 1Y
- -59.32%
- 3Y*
- -26.17%
- 5Y*
- -45.26%
- 10Y*
- -43.88%
- ALL TIME*
- -42.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.97M | $70.63M | $133.34M | |
| $596.57K | $512.25K | $693.52K |
NRGD vs. DRIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -76.50% | -35.40% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -55.32% | -4.37% |
Correlation
The correlation between NRGD and DRIP is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.92 |
The correlation between NRGD and DRIP has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NRGD vs. DRIP — Risk / Return Rank
NRGD
DRIP
NRGD vs. DRIP - 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 Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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 | DRIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.83 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.91 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.50 | -1.49 | -0.01 |
Loading charts...
Drawdowns
NRGD vs. DRIP - Drawdown Comparison
The maximum NRGD drawdown since its inception was -91.37%, smaller than the maximum DRIP drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for NRGD and DRIP.
Loading charts...
Drawdown Indicators
| NRGD | DRIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.37% | -99.95% | +8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -82.12% | -62.18% | -19.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.92% | — |
Current DrawdownCurrent decline from peak | -91.37% | -99.94% | +8.57% |
Average DrawdownAverage peak-to-trough decline | -61.97% | -90.56% | +28.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.39% | 37.99% | +15.40% |
Volatility
NRGD vs. DRIP - Volatility Comparison
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 23.01% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) at 16.75%. This indicates that NRGD's price experiences larger fluctuations and is considered to be riskier than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NRGD | DRIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.01% | 16.75% | +6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 60.45% | 44.83% | +15.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.10% | 57.15% | +18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.89% | 67.64% | +20.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.89% | 95.75% | -7.86% |
NRGD vs. DRIP - Expense Ratio Comparison
NRGD has a 0.95% expense ratio, which is lower than DRIP's 1.07% expense ratio.
Dividends
NRGD vs. DRIP - Dividend Comparison
NRGD has not paid dividends to shareholders, while DRIP's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.98% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
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% |
Frequently Asked Questions
With a correlation of 0.92, NRGD and DRIP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
NRGD has higher volatility (23.01%) compared to DRIP (16.75%). In terms of maximum drawdown, NRGD dropped -91.37% vs DRIP's -99.95%.
On 1-year performance, DRIP leads with -59.32% vs -80.85% for NRGD. On fees, NRGD is cheaper at 0.95% per year. On volatility, DRIP has been the lower-risk option at 16.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DRIP has performed better with a -59.32% return vs -80.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NRGD is cheaper with a 0.95% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.98%, compared with 0.00% for NRGD.
NRGD tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for NRGD and 1.07% for DRIP.
DRIP currently has the higher Sharpe Ratio (-0.99 vs -1.06), 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.
Find the right allocation for NRGD and DRIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer