NRGD vs. FNGD
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD).
NRGD and FNGD 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 that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. FNGD is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. Both NRGD and FNGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NRGD vs. FNGD - Performance Comparison
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NRGD vs. FNGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -65.94% | -32.37% |
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 33.64% | -54.09% |
Returns By Period
In the year-to-date period, NRGD achieves a -65.94% return, which is significantly lower than FNGD's 33.64% return.
NRGD
- 1D
- 9.97%
- 1M
- -25.69%
- YTD
- -65.94%
- 6M
- -65.43%
- 1Y
- -76.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGD
- 1D
- -4.70%
- 1M
- 8.14%
- YTD
- 33.64%
- 6M
- 37.83%
- 1Y
- -59.80%
- 3Y*
- -66.39%
- 5Y*
- -60.34%
- 10Y*
- —
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NRGD vs. FNGD - Expense Ratio Comparison
Both NRGD and FNGD have an expense ratio of 0.95%.
Return for Risk
NRGD vs. FNGD — Risk / Return Rank
NRGD
FNGD
NRGD vs. FNGD - 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 MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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.
| NRGD | FNGD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.86 | -0.76 | -0.10 |
Sortino ratioReturn per unit of downside risk | -1.68 | -0.94 | -0.74 |
Omega ratioGain probability vs. loss probability | 0.81 | 0.87 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.74 | -0.12 |
Martin ratioReturn relative to average drawdown | -1.25 | -0.85 | -0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NRGD | FNGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | -0.76 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.84 | -0.75 | -0.09 |
Correlation
The correlation between NRGD and FNGD is 0.04, 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.
Dividends
NRGD vs. FNGD - Dividend Comparison
Neither NRGD nor FNGD has paid dividends to shareholders.
Drawdowns
NRGD vs. FNGD - Drawdown Comparison
The maximum NRGD drawdown since its inception was -89.38%, smaller than the maximum FNGD drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NRGD and FNGD.
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Drawdown Indicators
| NRGD | FNGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.38% | -100.00% | +10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -89.38% | -82.53% | -6.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.53% | — |
Current DrawdownCurrent decline from peak | -87.49% | -99.99% | +12.50% |
Average DrawdownAverage peak-to-trough decline | -54.53% | -86.98% | +32.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.43% | 71.98% | -10.55% |
Volatility
NRGD vs. FNGD - Volatility Comparison
The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 22.39%, while MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a volatility of 25.08%. This indicates that NRGD experiences smaller price fluctuations and is considered to be less risky than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGD | FNGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.39% | 25.08% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 51.08% | 45.50% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.30% | 78.77% | +10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.95% | 88.87% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.95% | 91.50% | -3.55% |