NRGD vs. SOXS
NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - NRGD is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past year, NRGD returned -72.26% vs -97.76% for SOXS. At a 0.10 correlation, their price movements are largely independent. NRGD charges 0.95%/yr vs 1.08%/yr for SOXS.
Performance
NRGD vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, NRGD achieves a -63.27% return, which is significantly higher than SOXS's -93.50% return.
NRGD
- 1D
- -2.47%
- 1M
- 16.95%
- YTD
- -63.27%
- 6M
- -63.90%
- 1Y
- -72.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
NRGD vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -63.27% | -35.40% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.50% | -81.35% |
Correlation
The correlation between NRGD and SOXS is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.10 |
The correlation between NRGD and SOXS shifts across timeframes, from -0.02 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NRGD vs. SOXS — Risk / Return Rank
NRGD
SOXS
NRGD vs. SOXS - 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 Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.63 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -1.00 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.45 | -1.51 | +0.06 |
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Drawdowns
NRGD vs. SOXS - Drawdown Comparison
The maximum NRGD drawdown since its inception was -89.64%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NRGD and SOXS.
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Drawdown Indicators
| NRGD | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.64% | -100.00% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -80.03% | -97.94% | +17.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -86.51% | -100.00% | +13.49% |
Average DrawdownAverage peak-to-trough decline | -59.82% | -92.61% | +32.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.93% | 67.48% | -17.55% |
Volatility
NRGD vs. SOXS - Volatility Comparison
The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 24.74%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. This indicates that NRGD experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGD | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.74% | 66.67% | -41.93% |
Volatility (6M)Calculated over the trailing 6-month period | 59.20% | 100.39% | -41.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.34% | 117.32% | -41.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.73% | 111.39% | -22.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.73% | 102.09% | -13.36% |
NRGD vs. SOXS - Expense Ratio Comparison
NRGD has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
NRGD vs. SOXS - Dividend Comparison
NRGD has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 83.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
NRGD and SOXS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to NRGD (24.74%). In terms of maximum drawdown, NRGD dropped -89.64% vs SOXS's -100.00%.
On 1-year performance, NRGD leads with -72.26% vs -97.76% for SOXS. On fees, NRGD is cheaper at 0.95% per year. On volatility, NRGD has been the lower-risk option at 24.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NRGD has performed better with a -72.26% return vs -97.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NRGD is cheaper with a 0.95% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 83.05%, compared with 0.00% for NRGD.
NRGD is categorized as Leveraged Equities, while SOXS is Inverse Equities. NRGD tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while SOXS tracks PHLX Semiconductor Index (-300%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for NRGD and 1.08% for SOXS.
SOXS currently has the higher Sharpe Ratio (-0.83 vs -0.97), 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.
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