NRGD vs. OILD
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD).
NRGD and OILD 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. OILD is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). It was launched on Nov 8, 2021. Both NRGD and OILD 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. OILD - Performance Comparison
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NRGD vs. OILD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -65.94% | -32.37% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -59.82% | -24.43% |
Returns By Period
In the year-to-date period, NRGD achieves a -65.94% return, which is significantly lower than OILD's -59.82% return.
NRGD
- 1D
- 9.97%
- 1M
- -25.69%
- YTD
- -65.94%
- 6M
- -65.43%
- 1Y
- -76.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILD
- 1D
- 10.51%
- 1M
- -15.65%
- YTD
- -59.82%
- 6M
- -61.74%
- 1Y
- -67.52%
- 3Y*
- -46.53%
- 5Y*
- —
- 10Y*
- —
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NRGD vs. OILD - Expense Ratio Comparison
Both NRGD and OILD have an expense ratio of 0.95%.
Return for Risk
NRGD vs. OILD — Risk / Return Rank
NRGD
OILD
NRGD vs. OILD - 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 MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD). 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 | OILD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.86 | -0.88 | +0.02 |
Sortino ratioReturn per unit of downside risk | -1.68 | -1.62 | -0.06 |
Omega ratioGain probability vs. loss probability | 0.81 | 0.82 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.80 | -0.06 |
Martin ratioReturn relative to average drawdown | -1.25 | -1.29 | +0.04 |
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 | OILD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | -0.88 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.84 | -0.77 | -0.07 |
Correlation
The correlation between NRGD and OILD is 0.94, 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.
Dividends
NRGD vs. OILD - Dividend Comparison
Neither NRGD nor OILD has paid dividends to shareholders.
Drawdowns
NRGD vs. OILD - Drawdown Comparison
The maximum NRGD drawdown since its inception was -89.38%, smaller than the maximum OILD drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for NRGD and OILD.
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Drawdown Indicators
| NRGD | OILD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.38% | -98.90% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -89.38% | -84.54% | -4.84% |
Current DrawdownCurrent decline from peak | -87.49% | -98.69% | +11.20% |
Average DrawdownAverage peak-to-trough decline | -54.53% | -88.25% | +33.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.43% | 52.71% | +8.72% |
Volatility
NRGD vs. OILD - Volatility Comparison
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 22.39% compared to MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) at 19.05%. This indicates that NRGD's price experiences larger fluctuations and is considered to be riskier than OILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGD | OILD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.39% | 19.05% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 51.08% | 43.16% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.30% | 76.80% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.95% | 79.54% | +8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.95% | 79.54% | +8.41% |