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 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.
Performance
NRGD vs. SOXS - Performance Comparison
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NRGD vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -65.94% | -32.37% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -41.64% | -81.21% |
Returns By Period
In the year-to-date period, NRGD achieves a -65.94% return, which is significantly lower than SOXS's -41.64% return.
NRGD
- 1D
- 9.97%
- 1M
- -25.69%
- YTD
- -65.94%
- 6M
- -65.43%
- 1Y
- -76.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -9.03%
- 1M
- 2.04%
- YTD
- -41.64%
- 6M
- -62.23%
- 1Y
- -93.50%
- 3Y*
- -76.69%
- 5Y*
- -70.08%
- 10Y*
- -74.65%
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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.
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.
| NRGD | SOXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.86 | -0.78 | -0.08 |
Sortino ratioReturn per unit of downside risk | -1.68 | -2.06 | +0.38 |
Omega ratioGain probability vs. loss probability | 0.81 | 0.74 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.97 | +0.11 |
Martin ratioReturn relative to average drawdown | -1.25 | -1.09 | -0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NRGD | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | -0.78 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.84 | -0.76 | -0.08 |
Correlation
The correlation between NRGD and SOXS is 0.18, 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.
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 9.25%.
| 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 | 9.25% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Drawdowns
NRGD vs. SOXS - Drawdown Comparison
The maximum NRGD drawdown since its inception was -89.38%, 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 | -89.38% | -100.00% | +10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -89.38% | -96.52% | +7.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -87.49% | -100.00% | +12.51% |
Average DrawdownAverage peak-to-trough decline | -54.53% | -92.53% | +38.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.43% | 85.61% | -24.18% |
Volatility
NRGD vs. SOXS - Volatility Comparison
The current volatility for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is 22.39%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 39.00%. 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 | 22.39% | 39.00% | -16.61% |
Volatility (6M)Calculated over the trailing 6-month period | 51.08% | 79.00% | -27.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.30% | 120.15% | -30.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.95% | 106.42% | -18.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.95% | 99.19% | -11.24% |