NRGU vs. FNGU

Last updated Jun 24, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and FNGU (MicroSectors FANG+ 3X Leveraged ETNs) are both Leveraged Equities funds - NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while FNGU tracks the NYSE FANG+ Index (Gross Total Return) (300%). Both are passively managed. Over the past year, NRGU returned 79.52% vs 17.53% for FNGU. At a correlation of -0.04, they often move in opposite directions. NRGU charges 0.95%/yr vs 2.60%/yr for FNGU.

Performance

NRGU vs. FNGU - 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 FANG+ 3X Leveraged ETNs (FNGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 78.80% return, which is significantly higher than FNGU's -0.99% return.

NRGU

• 1D: 1.89%
• 1M: -21.00%
• YTD: 78.80%
• 6M: 80.03%
• 1Y: 79.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNGU

• 1D: -7.64%
• 1M: -12.95%
• YTD: -0.99%
• 6M: -5.84%
• 1Y: 17.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRGU vs. FNGU - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	78.80%	-30.00%
FNGU MicroSectors FANG+ 3X Leveraged ETNs	-0.99%	3.02%

Correlation

The correlation between NRGU and FNGU is -0.18, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.04

The correlation between NRGU and FNGU shifts across timeframes, from -0.18 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

NRGU vs. FNGU - Sectors Allocation Comparison

Sectors	NRGU	FNGU
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	29.8%
Consumer Cyclical	-	9.6%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	60.6%
Utilities	-	-

Return for Risk

NRGU vs. FNGU — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 33
NRGU Sharpe Ratio Rank: 31
NRGU Sortino Ratio Rank: 33
NRGU Omega Ratio Rank: 32
NRGU Calmar Ratio Rank: 39
NRGU Martin Ratio Rank: 32

FNGU

FNGU Risk / Return Rank: 13
FNGU Sharpe Ratio Rank: 12
FNGU Sortino Ratio Rank: 16
FNGU Omega Ratio Rank: 16
FNGU Calmar Ratio Rank: 12
FNGU Martin Ratio Rank: 12

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. FNGU - 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 FANG+ 3X Leveraged ETNs (FNGU). 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	FNGU	Difference
Sharpe ratio: Return per unit of total volatility	1.05	0.27	+0.78
Sortino ratio: Return per unit of downside risk	1.67	0.81	+0.86
Omega ratio: Gain probability vs. loss probability	1.21	1.10	+0.11
Calmar ratio: Return relative to maximum drawdown	1.87	0.30	+1.58
Martin ratio: Return relative to average drawdown	4.58	0.70	+3.88

NRGU vs. FNGU - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 1.05, which is higher than the FNGU Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of NRGU and FNGU, 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. FNGU - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, smaller than the maximum FNGU drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for NRGU and FNGU.

Drawdown Indicators

	NRGU	FNGU	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-61.30%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-42.71%	-59.55%	+16.84%
Current Drawdown Current decline from peak	-38.33%	-30.82%	-7.51%
Average Drawdown Average peak-to-trough decline	-25.59%	-22.27%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.45%	25.17%	-7.72%

Volatility

NRGU vs. FNGU - Volatility Comparison

The current volatility for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) is 27.38%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 33.21%. This indicates that NRGU experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	FNGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.38%	33.21%	-5.83%
Volatility (6M) Calculated over the trailing 6-month period	62.59%	52.56%	+10.03%
Volatility (1Y) Calculated over the trailing 1-year period	76.53%	64.46%	+12.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.19%	81.18%	+8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.19%	81.18%	+8.01%

NRGU vs. FNGU - Expense Ratio Comparison

NRGU has a 0.95% expense ratio, which is lower than FNGU's 2.60% expense ratio.

Dividends

NRGU vs. FNGU - Dividend Comparison

Neither NRGU nor FNGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGU and FNGU in my portfolio?

NRGU and FNGU have a correlation of -0.18, 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 FNGU?

FNGU has higher volatility (33.21%) compared to NRGU (27.38%). In terms of maximum drawdown, NRGU dropped -57.50% vs FNGU's -61.30%.

Which ETF is better, NRGU or FNGU?

On 1-year performance, NRGU leads with 79.52% vs 17.53% for FNGU. On fees, NRGU is cheaper at 0.95% per year. On volatility, NRGU has been the lower-risk option at 27.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGU or FNGU?

Over the 1-year period, NRGU has performed better with a 79.52% return vs 17.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGU or FNGU?

NRGU is cheaper with a 0.95% expense ratio, compared with 2.60% for FNGU.

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

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

What is the main difference between NRGU and FNGU?

NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while FNGU tracks NYSE FANG+ Index (Gross Total Return) (300%). They also come from different issuers: BMO and Bank of Montreal. Their fees differ too: 0.95% for NRGU and 2.60% for FNGU.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (1.05 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.