NRGD vs. SOXL

Last updated Aug 4, 2026

NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - NRGD tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while SOXL tracks the NYSE Semiconductor Index. Both are passively managed. Over the past year, NRGD returned -79.81% vs 384.82% for SOXL. Their -0.08 correlation means they have often moved in opposite directions in the past. NRGD charges 0.95%/yr vs 0.75%/yr for SOXL.

Performance

NRGD vs. SOXL - 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 Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 SOXL's 177.68% return.

NRGD

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

SOXL

• 1D: 1.73%
• 1M: -35.69%
• 6M: 79.00%
• YTD: 177.68%
• 1Y: 384.82%
• 3Y*: 68.44%
• 5Y*: 20.37%
• 10Y*: 47.85%
• ALL TIME*: 38.13%

*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)
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	$625.37K	$556.49K	$704.40K
SOXL Direxion Daily Semiconductor Bull 3X ETF	$10.83B	$10.43B	$11.85B

NRGD vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	-75.22%	-35.40%
SOXL Direxion Daily Semiconductor Bull 3X ETF	177.68%	34.43%

Correlation

The correlation between NRGD and SOXL is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.08

The correlation between NRGD and SOXL shifts across timeframes, from -0.08 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.

NRGD vs. SOXL - Sectors Allocation Comparison

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

Return for Risk

NRGD vs. SOXL — 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

SOXL

SOXL Risk / Return Rank: 91
SOXL Sharpe Ratio Rank: 96
SOXL Sortino Ratio Rank: 83
SOXL Omega Ratio Rank: 85
SOXL Calmar Ratio Rank: 95
SOXL Martin Ratio Rank: 94

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. SOXL - 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 Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	2.97	-4.03
Sortino ratio: Return per unit of downside risk	-2.30	2.76	-5.07
Omega ratio: Gain probability vs. loss probability	0.76	1.37	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.97	5.59	-6.56
Martin ratio: Return relative to average drawdown	-1.49	18.97	-20.46

NRGD vs. SOXL - Sharpe Ratio Comparison

The current NRGD Sharpe Ratio is -1.05, which is lower than the SOXL Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of NRGD and SOXL, 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. SOXL - Drawdown Comparison

The maximum NRGD drawdown since its inception was -91.37%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for NRGD and SOXL.

Drawdown Indicators

	NRGD	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-91.37%	-90.46%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-82.12%	-69.42%	-12.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-90.90%	-61.20%	-29.70%
Average Drawdown Average peak-to-trough decline	-62.05%	-35.01%	-27.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.63%	20.40%	+33.23%

Volatility

NRGD vs. SOXL - Volatility Comparison

The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 24.28%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 50.40%. This indicates that NRGD experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGD	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.28%	50.40%	-26.12%
Volatility (6M) Calculated over the trailing 6-month period	60.77%	114.71%	-53.94%
Volatility (1Y) Calculated over the trailing 1-year period	76.09%	130.75%	-54.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.90%	113.25%	-25.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.90%	102.14%	-14.24%

NRGD vs. SOXL - Expense Ratio Comparison

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

Dividends

NRGD vs. SOXL - Dividend Comparison

NRGD has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both NRGD and SOXL in my portfolio?

NRGD and SOXL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRGD or SOXL?

SOXL has higher volatility (50.40%) compared to NRGD (24.28%). In terms of maximum drawdown, NRGD dropped -91.37% vs SOXL's -90.46%.

Which ETF is better, NRGD or SOXL?

On 1-year performance, SOXL leads with 384.82% vs -79.81% for NRGD. On fees, SOXL is cheaper at 0.75% per year. On volatility, NRGD has been the lower-risk option at 24.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGD or SOXL?

Over the 1-year period, SOXL has performed better with a 384.82% return vs -79.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGD or SOXL?

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

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

SOXL has the higher dividend yield at 0.01%, compared with 0.00% for NRGD.

What is the main difference between NRGD and SOXL?

NRGD tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while SOXL tracks NYSE Semiconductor Index. They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for NRGD and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (2.97 vs -1.05), 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.