NRGU vs. ASMG

Last updated Jun 6, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. NRGU is passively managed, while ASMG is actively managed. Over the past year, NRGU returned 156.47% vs 327.03% for ASMG. At a correlation of -0.03, they often move in opposite directions. NRGU charges 0.95%/yr vs 0.75%/yr for ASMG.

Performance

NRGU vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 111.49% return, which is significantly lower than ASMG's 135.99% return.

NRGU

• 1D: -6.40%
• 1M: 4.99%
• YTD: 111.49%
• 6M: 82.61%
• 1Y: 156.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 3.70%
• 1M: 43.96%
• YTD: 135.99%
• 6M: 116.32%
• 1Y: 327.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRGU vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	111.49%	-33.00%
ASMG Leverage Shares 2X Long ASML Daily ETF	135.99%	64.38%

Correlation

The correlation between NRGU and ASMG is -0.17, 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	-0.17
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	-0.03

The correlation between NRGU and ASMG shifts across timeframes, from -0.17 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NRGU vs. ASMG — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 61
NRGU Sharpe Ratio Rank: 65
NRGU Sortino Ratio Rank: 52
NRGU Omega Ratio Rank: 51
NRGU Calmar Ratio Rank: 79
NRGU Martin Ratio Rank: 57

ASMG

ASMG Risk / Return Rank: 88
ASMG Sharpe Ratio Rank: 96
ASMG Sortino Ratio Rank: 81
ASMG Omega Ratio Rank: 74
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 93

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.

NRGU vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	NRGU	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	2.10	4.06	-1.96
Sortino ratio: Return per unit of downside risk	2.43	3.54	-1.12
Omega ratio: Gain probability vs. loss probability	1.30	1.43	-0.13
Calmar ratio: Return relative to maximum drawdown	3.94	9.53	-5.59
Martin ratio: Return relative to average drawdown	9.76	23.75	-13.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRGU vs. ASMG - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 2.10, which is lower than the ASMG Sharpe Ratio of 4.06. The chart below compares the historical Sharpe Ratios of NRGU and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NRGU	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	4.06	-1.96
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.97	-1.62

Drawdowns

NRGU vs. ASMG - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for NRGU and ASMG.

Drawdown Indicators

	NRGU	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-43.95%	-13.55%
Max Drawdown (1Y) Largest decline over 1 year	-39.95%	-34.56%	-5.39%
Current Drawdown Current decline from peak	-27.06%	0.00%	-27.06%
Average Drawdown Average peak-to-trough decline	-25.41%	-13.24%	-12.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.10%	13.85%	+2.25%

Volatility

NRGU vs. ASMG - Volatility Comparison

The current volatility for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) is 26.47%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 28.61%. This indicates that NRGU experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.47%	28.61%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	61.54%	64.25%	-2.71%
Volatility (1Y) Calculated over the trailing 1-year period	75.00%	81.20%	-6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.08%	84.41%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.08%	84.41%	+4.67%

NRGU vs. ASMG - Expense Ratio Comparison

NRGU has a 0.95% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

NRGU vs. ASMG - Dividend Comparison

NRGU has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 4.75%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.75%	11.20%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both NRGU and ASMG in my portfolio?

NRGU and ASMG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRGU or ASMG?

ASMG has higher volatility (28.61%) compared to NRGU (26.47%). In terms of maximum drawdown, NRGU dropped -57.50% vs ASMG's -43.95%.

Which ETF is better, NRGU or ASMG?

On 1-year performance, ASMG leads with 327.03% vs 156.47% for NRGU. On fees, ASMG is cheaper at 0.75% per year. On volatility, NRGU has been the lower-risk option at 26.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGU or ASMG?

Over the 1-year period, ASMG has performed better with a 327.03% return vs 156.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGU or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGU.

Which ETF pays a higher dividend yield, NRGU or ASMG?

ASMG has the higher dividend yield at 4.75%, compared with 0.00% for NRGU.

What is the main difference between NRGU and ASMG?

They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for NRGU and 0.75% for ASMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (4.06 vs 2.10), 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.