NRGD vs. YANG
Compare and contrast key facts about MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and Direxion Daily China 3x Bear Shares (YANG).
NRGD and YANG 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. YANG is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (-300%). It was launched on Dec 3, 2009. Both NRGD and YANG 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 YANG.
Correlation
The correlation between NRGD and YANG is 0.05, 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. YANG - Performance Comparison
Key characteristics
NRGD:
132.30%
YANG:
102.16%
NRGD:
-28.10%
YANG:
-99.97%
NRGD:
0.00%
YANG:
-99.96%
Returns By Period
NRGD
N/A
19.23%
N/A
N/A
N/A
N/A
YANG
-27.23%
36.82%
-6.75%
-76.91%
-43.71%
-34.81%
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NRGD vs. YANG - Expense Ratio Comparison
NRGD has a 0.95% expense ratio, which is lower than YANG's 1.07% expense ratio.
Risk-Adjusted Performance
NRGD vs. YANG — Risk-Adjusted Performance Rank
NRGD
YANG
NRGD vs. YANG - 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 China 3x Bear Shares (YANG). 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.
Not enough dataDividends
NRGD vs. YANG - Dividend Comparison
NRGD has not paid dividends to shareholders, while YANG's dividend yield for the trailing twelve months is around 6.70%.
| TTM | 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% |
YANG Direxion Daily China 3x Bear Shares | 6.70% | 4.62% | 2.02% | 0.00% | 0.00% | 0.68% | 1.08% | 0.33% |
Drawdowns
NRGD vs. YANG - Drawdown Comparison
The maximum NRGD drawdown since its inception was -28.10%, smaller than the maximum YANG drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for NRGD and YANG. For additional features, visit the drawdowns tool.
Volatility
NRGD vs. YANG - Volatility Comparison
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 39.44% compared to Direxion Daily China 3x Bear Shares (YANG) at 27.60%. This indicates that NRGD's price experiences larger fluctuations and is considered to be riskier than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.