NRGU vs. DFCA
NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and DFCA (Dimensional California Municipal Bond ETF) are both exchange-traded funds - NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index, while DFCA is a Municipal Bonds fund actively managed by Dimensional. NRGU is passively managed, while DFCA is actively managed. Over the past year, NRGU returned 166.43% vs 3.34% for DFCA. Their -0.21 correlation means they have often moved in opposite directions in the past. NRGU charges 0.95%/yr vs 0.19%/yr for DFCA.
Performance
NRGU vs. DFCA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NRGU achieves a 157.14% return, which is significantly higher than DFCA's 0.30% return.
NRGU
- 1D
- 2.86%
- 1M
- 51.26%
- 6M
- 91.25%
- YTD
- 157.14%
- 1Y
- 166.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 50.40%
DFCA
- 1D
- -0.07%
- 1M
- -1.14%
- 6M
- -0.46%
- YTD
- 0.30%
- 1Y
- 3.34%
- 3Y*
- 2.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.30M | $2.36M | $2.93M | |
| $4.57M | $4.13M | $3.95M |
NRGU vs. DFCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 157.14% | -30.00% |
DFCA Dimensional California Municipal Bond ETF | 0.30% | 2.68% |
Correlation
The correlation between NRGU and DFCA is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.21 |
The correlation between NRGU and DFCA shifts across timeframes, from -0.34 (1 year) to -0.21 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NRGU vs. DFCA — Risk / Return Rank
NRGU
DFCA
NRGU vs. DFCA - 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 Dimensional California Municipal Bond ETF (DFCA). 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 | DFCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.03 | +1.35 |
| Martin ratioReturn relative to average drawdown | 7.59 | 5.92 | +1.67 |
Loading charts...
Drawdowns
NRGU vs. DFCA - Drawdown Comparison
The maximum NRGU drawdown since its inception was -57.50%, which is greater than DFCA's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for NRGU and DFCA.
Loading charts...
Drawdown Indicators
| NRGU | DFCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -3.28% | -54.22% |
Max Drawdown (1Y)Largest decline over 1 year | -43.89% | -1.77% | -42.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.28% | — |
Current DrawdownCurrent decline from peak | -11.31% | -1.28% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -0.69% | -25.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | 0.60% | +18.95% |
Volatility
NRGU vs. DFCA - Volatility Comparison
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 22.83% compared to Dimensional California Municipal Bond ETF (DFCA) at 0.69%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than DFCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NRGU | DFCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.83% | 0.69% | +22.14% |
Volatility (6M)Calculated over the trailing 6-month period | 64.33% | 1.44% | +62.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.39% | 1.83% | +75.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.47% | 2.46% | +86.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.47% | 2.46% | +86.01% |
NRGU vs. DFCA - Expense Ratio Comparison
NRGU has a 0.95% expense ratio, which is higher than DFCA's 0.19% expense ratio.
Dividends
NRGU vs. DFCA - Dividend Comparison
NRGU has not paid dividends to shareholders, while DFCA's dividend yield for the trailing twelve months is around 2.77%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DFCA Dimensional California Municipal Bond ETF | 2.77% | 2.86% | 2.86% | 1.24% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NRGU and DFCA have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (22.83%) compared to DFCA (0.69%). In terms of maximum drawdown, NRGU dropped -57.50% vs DFCA's -3.28%.
On 1-year performance, NRGU leads with 166.43% vs 3.34% for DFCA. On fees, DFCA is cheaper at 0.19% per year. On volatility, DFCA has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NRGU has performed better with a 166.43% return vs 3.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFCA is cheaper with a 0.19% expense ratio, compared with 0.95% for NRGU.
DFCA has the higher dividend yield at 2.77%, compared with 0.00% for NRGU.
NRGU is categorized as Leveraged Equities, while DFCA is Municipal Bonds. They also come from different issuers: BMO and Dimensional. Their fees differ too: 0.95% for NRGU and 0.19% for DFCA.
DFCA currently has the higher Sharpe Ratio (1.97 vs 1.92), 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.
Find the right allocation for NRGU and DFCA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer