NRGD vs. YANG

Last updated Jun 24, 2026

NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and YANG (Direxion Daily China 3x Bear Shares) are both Leveraged Equities funds - NRGD tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while YANG tracks the FTSE China 50 Index (-300%). Both are passively managed. Over the past year, NRGD returned -72.26% vs 15.02% for YANG. At a 0.07 correlation, their price movements are largely independent. NRGD charges 0.95%/yr vs 1.07%/yr for YANG.

Performance

NRGD vs. YANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and Direxion Daily China 3x Bear Shares (YANG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGD achieves a -63.27% return, which is significantly lower than YANG's 45.69% return.

NRGD

• 1D: -2.47%
• 1M: 16.95%
• YTD: -63.27%
• 6M: -63.90%
• 1Y: -72.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YANG

• 1D: 4.97%
• 1M: 21.92%
• YTD: 45.69%
• 6M: 48.59%
• 1Y: 15.02%
• 3Y*: -43.76%
• 5Y*: -31.21%
• 10Y*: -37.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NRGD vs. YANG - Yearly Performance Comparison

	2026 (YTD)	2025
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	-63.27%	-35.40%
YANG Direxion Daily China 3x Bear Shares	45.69%	-41.67%

Correlation

The correlation between NRGD and YANG 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	0.07

Return for Risk

NRGD vs. YANG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NRGD

NRGD Risk / Return Rank: 1
NRGD Sharpe Ratio Rank: 1
NRGD Sortino Ratio Rank: 1
NRGD Omega Ratio Rank: 1
NRGD Calmar Ratio Rank: 1
NRGD Martin Ratio Rank: 1

YANG

YANG Risk / Return Rank: 14
YANG Sharpe Ratio Rank: 12
YANG Sortino Ratio Rank: 15
YANG Omega Ratio Rank: 15
YANG Calmar Ratio Rank: 13
YANG Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NRGD vs. YANG - 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 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.

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	YANG	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	0.26	-1.22
Sortino ratio: Return per unit of downside risk	-1.82	0.77	-2.59
Omega ratio: Gain probability vs. loss probability	0.81	1.09	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.90	0.43	-1.33
Martin ratio: Return relative to average drawdown	-1.45	0.72	-2.17

NRGD vs. YANG - Sharpe Ratio Comparison

The current NRGD Sharpe Ratio is -0.97, which is lower than the YANG Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of NRGD and YANG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NRGD vs. YANG - Drawdown Comparison

The maximum NRGD drawdown since its inception was -89.64%, smaller than the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for NRGD and YANG.

Drawdown Indicators

	NRGD	YANG	Difference
Max Drawdown Largest peak-to-trough decline	-89.64%	-99.98%	+10.34%
Max Drawdown (1Y) Largest decline over 1 year	-80.03%	-35.33%	-44.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-94.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.53%	—
Current Drawdown Current decline from peak	-86.51%	-99.97%	+13.46%
Average Drawdown Average peak-to-trough decline	-59.82%	-90.53%	+30.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.93%	21.47%	+28.46%

Volatility

NRGD vs. YANG - Volatility Comparison

MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a higher volatility of 24.74% compared to Direxion Daily China 3x Bear Shares (YANG) at 17.73%. 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.

Volatility by Period

	NRGD	YANG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.74%	17.73%	+7.01%
Volatility (6M) Calculated over the trailing 6-month period	59.20%	43.44%	+15.76%
Volatility (1Y) Calculated over the trailing 1-year period	75.34%	59.03%	+16.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.73%	94.55%	-5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.73%	81.91%	+6.82%

NRGD vs. YANG - Expense Ratio Comparison

NRGD has a 0.95% expense ratio, which is lower than YANG's 1.07% expense ratio.

Dividends

NRGD vs. YANG - Dividend Comparison

NRGD has not paid dividends to shareholders, while YANG's dividend yield for the trailing twelve months is around 2.80%.

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%
YANG Direxion Daily China 3x Bear Shares	2.80%	4.03%	9.42%	3.66%	0.00%	0.00%	0.67%	1.54%	0.56%

Frequently Asked Questions

Can I hold both NRGD and YANG in my portfolio?

NRGD and YANG 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.

Which is riskier, NRGD or YANG?

NRGD has higher volatility (24.74%) compared to YANG (17.73%). In terms of maximum drawdown, NRGD dropped -89.64% vs YANG's -99.98%.

Which ETF is better, NRGD or YANG?

On 1-year performance, YANG leads with 15.02% vs -72.26% for NRGD. On fees, NRGD is cheaper at 0.95% per year. On volatility, YANG has been the lower-risk option at 17.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGD or YANG?

Over the 1-year period, YANG has performed better with a 15.02% return vs -72.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGD or YANG?

NRGD is cheaper with a 0.95% expense ratio, compared with 1.07% for YANG.

Which ETF pays a higher dividend yield, NRGD or YANG?

YANG has the higher dividend yield at 2.80%, compared with 0.00% for NRGD.

What is the main difference between NRGD and YANG?

NRGD tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while YANG tracks FTSE China 50 Index (-300%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for NRGD and 1.07% for YANG.

Which has better risk-adjusted returns?

YANG currently has the higher Sharpe Ratio (0.26 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.