NRGD vs. NEMG

Last updated Aug 4, 2026

NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. NRGD is passively managed, while NEMG is actively managed. Their 0.12 correlation means their historical movements had little consistent relationship. NRGD charges 0.95%/yr vs 0.75%/yr for NEMG.

Performance

NRGD vs. NEMG - 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 Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGD achieves a -75.22% return, which is significantly lower than NEMG's -26.38% return.

NRGD

• 1D: 5.43%
• 1M: -35.72%
• 6M: -66.58%
• YTD: -75.22%
• 1Y: -79.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -71.78%

NEMG

• 1D: 3.58%
• 1M: -5.03%
• 6M: -39.88%
• YTD: -26.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NEMG Leverage Shares 2x Long NEM Daily ETF	$93.28K	$79.68K	$230.35K
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	$625.37K	$556.49K	$704.40K

NRGD vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	-75.22%	9.80%
NEMG Leverage Shares 2x Long NEM Daily ETF	-26.38%	22.87%

Correlation

The correlation between NRGD and NEMG is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.12

Return for Risk

NRGD vs. NEMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NRGD

NRGD Risk / Return Rank: 1
NRGD Sharpe Ratio Rank: 1
NRGD Sortino Ratio Rank: 0
NRGD Omega Ratio Rank: 0
NRGD Calmar Ratio Rank: 1
NRGD Martin Ratio Rank: 1

NEMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NRGD vs. NEMG - 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 Leverage Shares 2x Long NEM Daily ETF (NEMG). 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	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	—	—
Sortino ratio: Return per unit of downside risk	-2.30	—	—
Omega ratio: Gain probability vs. loss probability	0.76	—	—
Calmar ratio: Return relative to maximum drawdown	-0.97	—	—
Martin ratio: Return relative to average drawdown	-1.49	—	—

Drawdowns

NRGD vs. NEMG - Drawdown Comparison

The maximum NRGD drawdown since its inception was -91.37%, which is greater than NEMG's maximum drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for NRGD and NEMG.

Drawdown Indicators

	NRGD	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-91.37%	-61.96%	-29.41%
Max Drawdown (1Y) Largest decline over 1 year	-82.12%	—	—
Current Drawdown Current decline from peak	-90.90%	-56.92%	-33.98%
Average Drawdown Average peak-to-trough decline	-62.05%	-28.66%	-33.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.63%	—	—

Volatility

Volatility by Period

	NRGD	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	60.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.09%	98.72%	-22.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.90%	98.72%	-10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.90%	98.72%	-10.82%

NRGD vs. NEMG - Expense Ratio Comparison

NRGD has a 0.95% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

NRGD vs. NEMG - Dividend Comparison

Neither NRGD nor NEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGD and NEMG in my portfolio?

NRGD and NEMG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NRGD or NEMG?

On fees, NEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NRGD or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGD.

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

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

What is the main difference between NRGD and NEMG?

They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for NRGD and 0.75% for NEMG.