NRGD vs. OILD

Last updated Jul 14, 2026

NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) are both exchange-traded funds - NRGD is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%), while OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). Both are passively managed. Over the past year, NRGD returned -73.89% vs -63.34% for OILD. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.

Performance

NRGD vs. OILD - 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 MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGD achieves a -71.23% return, which is significantly lower than OILD's -58.56% return.

NRGD

• 1D: -12.87%
• 1M: -11.15%
• 6M: -67.30%
• YTD: -71.23%
• 1Y: -73.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILD

• 1D: -8.84%
• 1M: 0.76%
• 6M: -53.66%
• YTD: -58.56%
• 1Y: -63.34%
• 3Y*: -44.77%
• 5Y*: —
• 10Y*: —

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

NRGD vs. OILD - Yearly Performance Comparison

	2026 (YTD)	2025
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	-71.23%	-35.40%
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-58.56%	-26.60%

Correlation

The correlation between NRGD and OILD is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.94

The correlation between NRGD and OILD has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

NRGD vs. OILD - Sectors Allocation Comparison

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

Return for Risk

NRGD vs. OILD — 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: 2
NRGD Sortino Ratio Rank: 1
NRGD Omega Ratio Rank: 1
NRGD Calmar Ratio Rank: 1
NRGD Martin Ratio Rank: 1

OILD

OILD Risk / Return Rank: 2
OILD Sharpe Ratio Rank: 2
OILD Sortino Ratio Rank: 1
OILD Omega Ratio Rank: 1
OILD Calmar Ratio Rank: 2
OILD Martin Ratio Rank: 2

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. 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.

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	OILD	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	-1.00	+0.03
Sortino ratio: Return per unit of downside risk	-1.88	-1.77	-0.11
Omega ratio: Gain probability vs. loss probability	0.80	0.82	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.85	-0.09
Martin ratio: Return relative to average drawdown	-1.48	-1.36	-0.12

NRGD vs. OILD - Sharpe Ratio Comparison

The current NRGD Sharpe Ratio is -0.98, which is comparable to the OILD Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of NRGD and OILD, 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. OILD - Drawdown Comparison

The maximum NRGD drawdown since its inception was -89.64%, 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.

Drawdown Indicators

	NRGD	OILD	Difference
Max Drawdown Largest peak-to-trough decline	-89.64%	-98.90%	+9.26%
Max Drawdown (1Y) Largest decline over 1 year	-78.53%	-74.53%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-86.29%	—
Current Drawdown Current decline from peak	-89.44%	-98.65%	+9.21%
Average Drawdown Average peak-to-trough decline	-60.82%	-88.78%	+27.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.95%	46.68%	+3.27%

Volatility

NRGD vs. OILD - Volatility Comparison

MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 26.28% compared to MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) at 23.04%. 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.

Volatility by Period

	NRGD	OILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.28%	23.04%	+3.24%
Volatility (6M) Calculated over the trailing 6-month period	60.05%	50.04%	+10.01%
Volatility (1Y) Calculated over the trailing 1-year period	75.76%	63.35%	+12.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.65%	79.31%	+9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.65%	79.31%	+9.34%

NRGD vs. OILD - Expense Ratio Comparison

Both NRGD and OILD have an expense ratio of 0.95%.

Dividends

NRGD vs. OILD - Dividend Comparison

Neither NRGD nor OILD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGD and OILD in my portfolio?

With a correlation of 0.93, NRGD and OILD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NRGD or OILD?

NRGD has higher volatility (26.28%) compared to OILD (23.04%). In terms of maximum drawdown, NRGD dropped -89.64% vs OILD's -98.90%.

Which ETF is better, NRGD or OILD?

On 1-year performance, OILD leads with -63.34% vs -73.89% for NRGD. Both ETFs have the same 0.95% expense ratio. On volatility, OILD has been the lower-risk option at 23.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGD or OILD?

Over the 1-year period, OILD has performed better with a -63.34% return vs -73.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGD or OILD?

NRGD and OILD have the same expense ratio: 0.95% per year.

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

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

What is the main difference between NRGD and OILD?

NRGD is categorized as Leveraged Equities, while OILD is Inverse Equities. NRGD tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). They also come from different issuers: BMO and REX.

Which has better risk-adjusted returns?

NRGD currently has the higher Sharpe Ratio (-0.98 vs -1.00), 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.