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 -0.50. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NRGD vs. MLI - Performance Comparison
Key characteristics
NRGD:
130.25%
MLI:
35.76%
NRGD:
-28.10%
MLI:
-61.71%
NRGD:
0.00%
MLI:
-26.37%
Returns By Period
NRGD
N/A
36.45%
N/A
N/A
N/A
N/A
MLI
-11.76%
-14.67%
-2.35%
31.22%
44.54%
17.31%
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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.
Not enough dataDividends
NRGD vs. MLI - Dividend Comparison
NRGD has not paid dividends to shareholders, while MLI's dividend yield for the trailing twelve months is around 1.22%.
| 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. | 1.22% | 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 -28.10%, 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.
Volatility
NRGD vs. MLI - Volatility Comparison
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 38.83% compared to Mueller Industries, Inc. (MLI) at 12.15%. This indicates that NRGD's price experiences larger fluctuations and is considered to be riskier than MLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.