NRGU vs. BERZ

Last updated Jun 26, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) are both exchange-traded funds - NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%), while BERZ is a Inverse Equities fund tracking the Solactive FANG Innovation Index. Both are passively managed. Over the past year, NRGU returned 87.62% vs -78.45% for BERZ. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

NRGU vs. BERZ - 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 MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 74.97% return, which is significantly higher than BERZ's -54.85% return.

NRGU

• 1D: 2.72%
• 1M: -13.53%
• YTD: 74.97%
• 6M: 78.13%
• 1Y: 87.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BERZ

• 1D: -1.69%
• 1M: 16.26%
• YTD: -54.85%
• 6M: -52.15%
• 1Y: -78.45%
• 3Y*: -74.94%
• 5Y*: —
• 10Y*: —

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

NRGU vs. BERZ - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	74.97%	-30.00%
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN	-54.85%	-71.87%

Correlation

The correlation between NRGU and BERZ is 0.10, 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	0.10
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.05

The correlation between NRGU and BERZ shifts across timeframes, from -0.05 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.

NRGU vs. BERZ - Sectors Allocation Comparison

Sectors	NRGU	BERZ
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	26.2%
Consumer Cyclical	-	13.0%
Consumer Defensive	-	-
Financial Services	-	13.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	60.8%
Utilities	-	-

Return for Risk

NRGU vs. BERZ — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 38
NRGU Sharpe Ratio Rank: 36
NRGU Sortino Ratio Rank: 37
NRGU Omega Ratio Rank: 36
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 36

BERZ

BERZ Risk / Return Rank: 1
BERZ Sharpe Ratio Rank: 2
BERZ Sortino Ratio Rank: 1
BERZ Omega Ratio Rank: 1
BERZ Calmar Ratio Rank: 1
BERZ Martin Ratio Rank: 1

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. BERZ - 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 MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ). 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	BERZ	Difference
Sharpe ratio: Return per unit of total volatility	1.16	-0.97	+2.13
Sortino ratio: Return per unit of downside risk	1.76	-2.06	+3.82
Omega ratio: Gain probability vs. loss probability	1.22	0.78	+0.44
Calmar ratio: Return relative to maximum drawdown	2.06	-0.93	+2.99
Martin ratio: Return relative to average drawdown	4.94	-1.50	+6.44

NRGU vs. BERZ - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 1.16, which is higher than the BERZ Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of NRGU and BERZ, 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

NRGU vs. BERZ - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, smaller than the maximum BERZ drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for NRGU and BERZ.

Drawdown Indicators

	NRGU	BERZ	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-99.80%	+42.30%
Max Drawdown (1Y) Largest decline over 1 year	-42.71%	-84.60%	+41.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-98.87%	—
Current Drawdown Current decline from peak	-39.65%	-99.73%	+60.08%
Average Drawdown Average peak-to-trough decline	-25.68%	-71.86%	+46.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.80%	52.31%	-34.51%

Volatility

NRGU vs. BERZ - Volatility Comparison

The current volatility for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) is 25.61%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 33.01%. This indicates that NRGU experiences smaller price fluctuations and is considered to be less risky than BERZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	BERZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.61%	33.01%	-7.40%
Volatility (6M) Calculated over the trailing 6-month period	62.83%	63.57%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	75.96%	81.14%	-5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.05%	92.75%	-3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.05%	92.75%	-3.70%

NRGU vs. BERZ - Expense Ratio Comparison

Both NRGU and BERZ have an expense ratio of 0.95%.

Dividends

NRGU vs. BERZ - Dividend Comparison

Neither NRGU nor BERZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGU and BERZ in my portfolio?

NRGU and BERZ have a correlation of 0.10, 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 BERZ?

BERZ has higher volatility (33.01%) compared to NRGU (25.61%). In terms of maximum drawdown, NRGU dropped -57.50% vs BERZ's -99.80%.

Which ETF is better, NRGU or BERZ?

On 1-year performance, NRGU leads with 87.62% vs -78.45% for BERZ. Both ETFs have the same 0.95% expense ratio. On volatility, NRGU has been the lower-risk option at 25.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGU or BERZ?

Over the 1-year period, NRGU has performed better with a 87.62% return vs -78.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGU or BERZ?

NRGU and BERZ have the same expense ratio: 0.95% per year.

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

NRGU and BERZ have nearly identical dividend yields, around 0.00%.

What is the main difference between NRGU and BERZ?

NRGU is categorized as Leveraged Equities, while BERZ is Inverse Equities. NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while BERZ tracks Solactive FANG Innovation Index.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (1.16 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.