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 -73.89% vs -96.62% for SOXS. At a 0.08 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 -71.23% return, which is significantly higher than SOXS's -92.43% return.
NRGD
- 1D
- -12.87%
- 1M
- -11.15%
- 6M
- -67.30%
- YTD
- -71.23%
- 1Y
- -73.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 13.97%
- 1M
- -0.35%
- 6M
- -89.79%
- YTD
- -92.43%
- 1Y
- -96.62%
- 3Y*
- -85.78%
- 5Y*
- -79.45%
- 10Y*
- -78.71%
NRGD vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -71.23% | -35.40% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.43% | -81.35% |
Correlation
The correlation between NRGD and SOXS is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.08 |
The correlation between NRGD and SOXS shifts across timeframes, from -0.05 (1 year) to 0.08 (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 | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.70 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.99 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.48 | -1.43 | -0.05 |
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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 | -78.53% | -97.89% | +19.36% |
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 | -89.44% | -100.00% | +10.56% |
Average DrawdownAverage peak-to-trough decline | -60.82% | -92.63% | +31.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.95% | 67.54% | -17.59% |
Volatility
NRGD vs. SOXS - Volatility Comparison
The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 26.28%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.39%. 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 | 26.28% | 66.39% | -40.11% |
Volatility (6M)Calculated over the trailing 6-month period | 60.05% | 108.48% | -48.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.76% | 125.48% | -49.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.65% | 113.09% | -24.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.65% | 102.91% | -14.26% |
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 48.83%.
| 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 | 48.83% | 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 -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.39%) compared to NRGD (26.28%). In terms of maximum drawdown, NRGD dropped -89.64% vs SOXS's -100.00%.
On 1-year performance, NRGD leads with -73.89% vs -96.62% for SOXS. On fees, NRGD is cheaper at 0.95% per year. On volatility, NRGD has been the lower-risk option at 26.28%. 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 -73.89% return vs -96.62%. 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 48.83%, 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 (-0.77 vs -0.98), 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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