NRGU.TO vs. TQQQ.TO
NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) and TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) are both exchange-traded funds - NRGU.TO is a Leveraged Equities fund actively managed by Global X, while TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index. NRGU.TO is actively managed, while TQQQ.TO is passively managed. Over the past year, NRGU.TO returned 91.01% vs 88.41% for TQQQ.TO. At a correlation of -0.14, they often move in opposite directions.
Performance
NRGU.TO vs. TQQQ.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NRGU.TO having a 48.99% return and TQQQ.TO slightly higher at 50.84%.
NRGU.TO
- 1D
- -0.51%
- 1M
- -15.98%
- YTD
- 48.99%
- 6M
- 47.81%
- 1Y
- 91.01%
- 3Y*
- 33.54%
- 5Y*
- 39.04%
- 10Y*
- 3.88%
TQQQ.TO
- 1D
- 4.66%
- 1M
- -4.35%
- YTD
- 50.84%
- 6M
- 46.98%
- 1Y
- 88.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGU.TO vs. TQQQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | 48.99% | 15.42% |
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 50.84% | 38.56% |
Correlation
The correlation between NRGU.TO and TQQQ.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | -0.14 |
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Return for Risk
NRGU.TO vs. TQQQ.TO — Risk / Return Rank
NRGU.TO
TQQQ.TO
NRGU.TO vs. TQQQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). 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.
| NRGU.TO | TQQQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.33 | +0.56 |
| Martin ratioReturn relative to average drawdown | 9.72 | 7.18 | +2.54 |
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Drawdowns
NRGU.TO vs. TQQQ.TO - Drawdown Comparison
The maximum NRGU.TO drawdown since its inception was -99.71%, which is greater than TQQQ.TO's maximum drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for NRGU.TO and TQQQ.TO.
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Drawdown Indicators
| NRGU.TO | TQQQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.71% | -38.15% | -61.56% |
Max Drawdown (1Y)Largest decline over 1 year | -31.71% | -38.15% | +6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -51.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.54% | — | — |
Current DrawdownCurrent decline from peak | -87.78% | -7.30% | -80.48% |
Average DrawdownAverage peak-to-trough decline | -83.54% | -8.65% | -74.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.40% | 12.35% | -2.95% |
Volatility
NRGU.TO vs. TQQQ.TO - Volatility Comparison
The current volatility for BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) is 16.68%, while BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) has a volatility of 28.79%. This indicates that NRGU.TO experiences smaller price fluctuations and is considered to be less risky than TQQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGU.TO | TQQQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 28.79% | -12.11% |
Volatility (6M)Calculated over the trailing 6-month period | 40.33% | 44.37% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.14% | 53.79% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 53.41% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.50% | 53.41% | +13.09% |
Dividends
NRGU.TO vs. TQQQ.TO - Dividend Comparison
Neither NRGU.TO nor TQQQ.TO has paid dividends to shareholders.
Frequently Asked Questions
NRGU.TO and TQQQ.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU.TO is categorized as Leveraged Equities, while TQQQ.TO is Nasdaq-100.
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