NRGU vs. COIN
Compare and contrast key facts about MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and Coinbase Global, Inc. (COIN).
NRGU 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRGU or COIN.
Key characteristics
| NRGU | COIN |
|---|
Correlation
The correlation between NRGU and COIN is 0.14, 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
NRGU vs. COIN - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NRGU vs. COIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and Coinbase Global, Inc. (COIN). 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.
Dividends
NRGU vs. COIN - Dividend Comparison
Neither NRGU nor COIN has paid dividends to shareholders.
Drawdowns
NRGU vs. COIN - Drawdown Comparison
Volatility
NRGU vs. COIN - Volatility Comparison
The current volatility for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) is 0.00%, while Coinbase Global, Inc. (COIN) has a volatility of 40.52%. This indicates that NRGU experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.