NRGU vs. EXP

Last updated Jun 4, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) is Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%), while EXP (Eagle Materials Inc.) is a stock. Over the past year, NRGU returned 156.99% vs 9.05% for EXP. At a 0.13 correlation, their price movements are largely independent.

Performance

NRGU vs. EXP - 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 Eagle Materials Inc. (EXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 129.31% return, which is significantly higher than EXP's 5.86% return.

NRGU

• 1D: 2.53%
• 1M: -6.67%
• YTD: 129.31%
• 6M: 97.01%
• 1Y: 156.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EXP

• 1D: 0.10%
• 1M: 6.69%
• YTD: 5.86%
• 6M: -2.23%
• 1Y: 9.05%
• 3Y*: 9.44%
• 5Y*: 8.86%
• 10Y*: 11.43%

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

NRGU vs. EXP - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	129.31%	-33.00%
EXP Eagle Materials Inc.	5.86%	-10.86%

Correlation

The correlation between NRGU and EXP is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.13

The correlation between NRGU and EXP shifts across timeframes, from -0.02 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NRGU vs. EXP — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 58
NRGU Sharpe Ratio Rank: 62
NRGU Sortino Ratio Rank: 48
NRGU Omega Ratio Rank: 48
NRGU Calmar Ratio Rank: 77
NRGU Martin Ratio Rank: 56

EXP

EXP Risk / Return Rank: 47
EXP Sharpe Ratio Rank: 50
EXP Sortino Ratio Rank: 45
EXP Omega Ratio Rank: 43
EXP Calmar Ratio Rank: 48
EXP Martin Ratio Rank: 49

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. EXP - 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 Eagle Materials Inc. (EXP). 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	EXP	Difference
Sharpe ratio: Return per unit of total volatility	2.11	0.27	+1.84
Sortino ratio: Return per unit of downside risk	2.43	0.65	+1.78
Omega ratio: Gain probability vs. loss probability	1.30	1.07	+0.23
Calmar ratio: Return relative to maximum drawdown	3.95	0.32	+3.63
Martin ratio: Return relative to average drawdown	9.88	0.82	+9.06
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. EXP - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 2.11, which is higher than the EXP Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of NRGU and EXP, 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	EXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	0.27	+1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.38	+0.07

Drawdowns

NRGU vs. EXP - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, smaller than the maximum EXP drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for NRGU and EXP.

Drawdown Indicators

	NRGU	EXP	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-79.52%	+22.02%
Max Drawdown (1Y) Largest decline over 1 year	-39.95%	-28.31%	-11.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-44.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.78%	—
Current Drawdown Current decline from peak	-20.91%	-30.22%	+9.31%
Average Drawdown Average peak-to-trough decline	-25.42%	-24.00%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.96%	11.08%	+4.88%

Volatility

NRGU vs. EXP - Volatility Comparison

MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 31.63% compared to Eagle Materials Inc. (EXP) at 9.55%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than EXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	EXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.63%	9.55%	+22.08%
Volatility (6M) Calculated over the trailing 6-month period	61.27%	24.63%	+36.64%
Volatility (1Y) Calculated over the trailing 1-year period	75.15%	33.53%	+41.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.15%	32.62%	+56.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.15%	35.98%	+53.17%

Dividends

NRGU vs. EXP - Dividend Comparison

NRGU has not paid dividends to shareholders, while EXP's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXP Eagle Materials Inc.	0.46%	0.48%	0.41%	0.49%	0.75%	0.45%	0.10%	0.44%	0.66%	0.35%	0.41%	0.66%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NRGU and EXP in my portfolio?

NRGU and EXP have a correlation of -0.02, 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 EXP?

NRGU has higher volatility (31.63%) compared to EXP (9.55%). In terms of maximum drawdown, NRGU dropped -57.50% vs EXP's -79.52%.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (2.11 vs 0.27), 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.