NRGD vs. MLI
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and Mueller Industries, Inc. (MLI).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRGD or MLI.
Correlation
The correlation between NRGD and MLI is 0.79, 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. MLI - Performance Comparison
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Key characteristics
NRGD:
140.66%
MLI:
37.29%
NRGD:
-44.22%
MLI:
-61.71%
NRGD:
-44.22%
MLI:
-17.50%
Returns By Period
NRGD
N/A
-31.63%
N/A
N/A
N/A
N/A
MLI
-1.13%
5.52%
-17.50%
33.59%
50.19%
18.50%
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Risk-Adjusted Performance
NRGD vs. MLI — Risk-Adjusted Performance Rank
NRGD
MLI
NRGD vs. MLI - 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 Mueller Industries, Inc. (MLI). 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.
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Dividends
NRGD vs. MLI - Dividend Comparison
NRGD has not paid dividends to shareholders, while MLI's dividend yield for the trailing twelve months is around 1.09%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MLI Mueller Industries, Inc. | 1.09% | 1.01% | 1.27% | 2.54% | 0.88% | 1.14% | 1.26% | 1.71% | 9.60% | 0.94% | 1.11% | 0.88% |
Drawdowns
NRGD vs. MLI - Drawdown Comparison
The maximum NRGD drawdown since its inception was -44.22%, smaller than the maximum MLI drawdown of -61.71%. Use the drawdown chart below to compare losses from any high point for NRGD and MLI. For additional features, visit the drawdowns tool.
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Volatility
NRGD vs. MLI - Volatility Comparison
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