NRGD vs. SOXS
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
NRGD and SOXS 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. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. Both NRGD and SOXS 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 SOXS.
Key characteristics
| NRGD | SOXS | |
|---|---|---|
| YTD Return | -32.92% | -42.36% |
| 1Y Return | -58.89% | -83.58% |
| 3Y Return (Ann) | -72.69% | -68.42% |
| 5Y Return (Ann) | -77.28% | -77.97% |
| Sharpe Ratio | -0.99 | -0.97 |
| Daily Std Dev | 58.30% | 85.46% |
| Max Drawdown | -99.99% | -100.00% |
| Current Drawdown | -99.98% | -100.00% |
Correlation
The correlation between NRGD and SOXS is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NRGD vs. SOXS - Performance Comparison
In the year-to-date period, NRGD achieves a -32.92% return, which is significantly higher than SOXS's -42.36% 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. SOXS - Expense Ratio Comparison
NRGD has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Risk-Adjusted Performance
NRGD vs. SOXS - 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 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.
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 2.30%.
| TTM | 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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 2.30% | 0.92% | 0.02% | 0.00% | 0.35% | 0.23% | 0.08% |
Drawdowns
NRGD vs. SOXS - Drawdown Comparison
The maximum NRGD drawdown since its inception was -99.99%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NRGD and SOXS. For additional features, visit the drawdowns tool.
Volatility
NRGD vs. SOXS - Volatility Comparison
The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 15.75%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 28.37%. 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.