NRGD vs. DRIP
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP).
NRGD and DRIP 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. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. Both NRGD and DRIP 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 DRIP.
Key characteristics
| NRGD | DRIP | |
|---|---|---|
| YTD Return | -32.92% | -17.17% |
| 1Y Return | -58.89% | -42.69% |
| 3Y Return (Ann) | -72.69% | -54.13% |
| 5Y Return (Ann) | -77.28% | -52.99% |
| Sharpe Ratio | -0.99 | -0.89 |
| Daily Std Dev | 58.30% | 46.32% |
| Max Drawdown | -99.99% | -99.90% |
| Current Drawdown | -99.98% | -99.88% |
Correlation
The correlation between NRGD and DRIP is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NRGD vs. DRIP - Performance Comparison
In the year-to-date period, NRGD achieves a -32.92% return, which is significantly lower than DRIP's -17.17% 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. DRIP - Expense Ratio Comparison
NRGD has a 0.95% expense ratio, which is lower than DRIP's 1.07% expense ratio.
Risk-Adjusted Performance
NRGD vs. DRIP - 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 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.
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 5.24%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
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% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.24% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Drawdowns
NRGD vs. DRIP - Drawdown Comparison
The maximum NRGD drawdown since its inception was -99.99%, roughly equal to the maximum DRIP drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for NRGD and DRIP. For additional features, visit the drawdowns tool.
Volatility
NRGD vs. DRIP - Volatility Comparison
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 15.75% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) at 12.30%. 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.