NRGD vs. SCO
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and ProShares UltraShort Bloomberg Crude Oil (SCO).
NRGD and SCO 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 Financial Group that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. SCO is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). It was launched on Nov 24, 2008. Both NRGD and SCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRGD or SCO.
Key characteristics
| NRGD | SCO | |
|---|---|---|
| YTD Return | -32.92% | -18.86% |
| 1Y Return | -58.89% | -36.99% |
| 3Y Return (Ann) | -72.69% | -46.85% |
| 5Y Return (Ann) | -77.28% | -44.32% |
| Sharpe Ratio | -0.99 | -0.73 |
| Daily Std Dev | 58.30% | 47.48% |
| Max Drawdown | -99.99% | -99.50% |
| Current Drawdown | -99.98% | -99.43% |
Correlation
The correlation between NRGD and SCO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NRGD vs. SCO - Performance Comparison
In the year-to-date period, NRGD achieves a -32.92% return, which is significantly lower than SCO's -18.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NRGD vs. SCO - Expense Ratio Comparison
Both NRGD and SCO have an expense ratio of 0.95%.
Risk-Adjusted Performance
NRGD vs. SCO - 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 ProShares UltraShort Bloomberg Crude Oil (SCO). 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.
Dividends
NRGD vs. SCO - Dividend Comparison
Neither NRGD nor SCO has paid dividends to shareholders.
Drawdowns
NRGD vs. SCO - Drawdown Comparison
The maximum NRGD drawdown since its inception was -99.99%, roughly equal to the maximum SCO drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for NRGD and SCO. For additional features, visit the drawdowns tool.
Volatility
NRGD vs. SCO - Volatility Comparison
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 15.75% compared to ProShares UltraShort Bloomberg Crude Oil (SCO) at 8.56%. This indicates that NRGD's price experiences larger fluctuations and is considered to be riskier than SCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.