NRGD vs. INTW

Last updated Jun 24, 2026

NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. NRGD is passively managed, while INTW is actively managed. Over the past year, NRGD returned -72.26% vs 1964.55% for INTW. At a correlation of -0.15, they often move in opposite directions. NRGD charges 0.95%/yr vs 1.50%/yr for INTW.

Performance

NRGD vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGD achieves a -63.27% return, which is significantly lower than INTW's 750.22% return.

NRGD

• 1D: -2.47%
• 1M: 16.95%
• YTD: -63.27%
• 6M: -63.90%
• 1Y: -72.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NRGD vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	-63.27%	-35.40%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	36.94%

Correlation

The correlation between NRGD and INTW is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.15

NRGD vs. INTW - Sectors Allocation Comparison

Sectors	NRGD	INTW
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.7%
Utilities	-	-

Return for Risk

NRGD vs. INTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NRGD

NRGD Risk / Return Rank: 1
NRGD Sharpe Ratio Rank: 1
NRGD Sortino Ratio Rank: 1
NRGD Omega Ratio Rank: 1
NRGD Calmar Ratio Rank: 1
NRGD Martin Ratio Rank: 1

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NRGD vs. INTW - 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 GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	13.25	-14.22
Sortino ratio: Return per unit of downside risk	-1.82	5.13	-6.95
Omega ratio: Gain probability vs. loss probability	0.81	1.65	-0.84
Calmar ratio: Return relative to maximum drawdown	-0.90	40.32	-41.23
Martin ratio: Return relative to average drawdown	-1.45	91.49	-92.94

NRGD vs. INTW - Sharpe Ratio Comparison

The current NRGD Sharpe Ratio is -0.97, which is lower than the INTW Sharpe Ratio of 13.25. The chart below compares the historical Sharpe Ratios of NRGD and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NRGD vs. INTW - Drawdown Comparison

The maximum NRGD drawdown since its inception was -89.64%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for NRGD and INTW.

Drawdown Indicators

	NRGD	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-89.64%	-60.58%	-29.06%
Max Drawdown (1Y) Largest decline over 1 year	-80.03%	-49.34%	-30.69%
Current Drawdown Current decline from peak	-86.51%	-12.49%	-74.02%
Average Drawdown Average peak-to-trough decline	-59.82%	-29.66%	-30.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.93%	21.70%	+28.23%

Volatility

NRGD vs. INTW - Volatility Comparison

The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 24.74%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.81%. This indicates that NRGD experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGD	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.74%	55.81%	-31.07%
Volatility (6M) Calculated over the trailing 6-month period	59.20%	119.10%	-59.90%
Volatility (1Y) Calculated over the trailing 1-year period	75.34%	150.14%	-74.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.73%	148.88%	-60.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.73%	148.88%	-60.15%

NRGD vs. INTW - Expense Ratio Comparison

NRGD has a 0.95% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

NRGD vs. INTW - Dividend Comparison

Neither NRGD nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGD and INTW in my portfolio?

NRGD and INTW have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRGD or INTW?

INTW has higher volatility (55.81%) compared to NRGD (24.74%). In terms of maximum drawdown, NRGD dropped -89.64% vs INTW's -60.58%.

Which ETF is better, NRGD or INTW?

On 1-year performance, INTW leads with 1964.55% vs -72.26% for NRGD. On fees, NRGD is cheaper at 0.95% per year. On volatility, NRGD has been the lower-risk option at 24.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGD or INTW?

Over the 1-year period, INTW has performed better with a 1964.55% return vs -72.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGD or INTW?

NRGD is cheaper with a 0.95% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, NRGD or INTW?

NRGD and INTW have nearly identical dividend yields, around 0.00%.

What is the main difference between NRGD and INTW?

They also come from different issuers: BMO and GraniteShares. Their fees differ too: 0.95% for NRGD and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs -0.97), 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.