NRGU vs. HOOG

Last updated Jul 17, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. NRGU is passively managed, while HOOG is actively managed. Over the past year, NRGU returned 119.26% vs -45.56% for HOOG. At a 0.01 correlation, their price movements are largely independent. NRGU charges 0.95%/yr vs 0.75%/yr for HOOG.

Performance

NRGU vs. HOOG - 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 Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 118.00% return, which is significantly higher than HOOG's -40.04% return.

NRGU

• 1D: 3.84%
• 1M: 18.77%
• 6M: 86.19%
• YTD: 118.00%
• 1Y: 119.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -16.65%
• 1M: 13.72%
• 6M: -36.00%
• YTD: -40.04%
• 1Y: -45.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRGU vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	118.00%	-27.85%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-40.04%	320.19%

Correlation

The correlation between NRGU and HOOG is -0.09, 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	-0.09
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.01

Return for Risk

NRGU vs. HOOG — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 55
NRGU Sharpe Ratio Rank: 58
NRGU Sortino Ratio Rank: 52
NRGU Omega Ratio Rank: 50
NRGU Calmar Ratio Rank: 69
NRGU Martin Ratio Rank: 47

HOOG

HOOG Risk / Return Rank: 8
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 12
HOOG Omega Ratio Rank: 11
HOOG Calmar Ratio Rank: 5
HOOG Martin Ratio Rank: 6

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. HOOG - 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 Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.56	-0.33	+1.89
Sortino ratio: Return per unit of downside risk	2.08	0.37	+1.70
Omega ratio: Gain probability vs. loss probability	1.26	1.04	+0.22
Calmar ratio: Return relative to maximum drawdown	2.73	-0.53	+3.26
Martin ratio: Return relative to average drawdown	6.13	-0.78	+6.91

NRGU vs. HOOG - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 1.56, which is higher than the HOOG Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of NRGU and HOOG, 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. HOOG - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for NRGU and HOOG.

Drawdown Indicators

	NRGU	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-86.94%	+29.44%
Max Drawdown (1Y) Largest decline over 1 year	-43.89%	-86.94%	+43.05%
Current Drawdown Current decline from peak	-24.81%	-72.03%	+47.22%
Average Drawdown Average peak-to-trough decline	-26.06%	-40.55%	+14.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.53%	58.70%	-39.17%

Volatility

NRGU vs. HOOG - Volatility Comparison

The current volatility for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) is 23.48%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 40.77%. This indicates that NRGU experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.48%	40.77%	-17.29%
Volatility (6M) Calculated over the trailing 6-month period	63.97%	106.02%	-42.05%
Volatility (1Y) Calculated over the trailing 1-year period	76.98%	139.20%	-62.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.07%	144.48%	-55.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.07%	144.48%	-55.41%

NRGU vs. HOOG - Expense Ratio Comparison

NRGU has a 0.95% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

NRGU vs. HOOG - Dividend Comparison

NRGU has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 20.52%.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	20.52%	12.30%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both NRGU and HOOG in my portfolio?

NRGU and HOOG have a correlation of -0.09, 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 HOOG?

HOOG has higher volatility (40.77%) compared to NRGU (23.48%). In terms of maximum drawdown, NRGU dropped -57.50% vs HOOG's -86.94%.

Which ETF is better, NRGU or HOOG?

On 1-year performance, NRGU leads with 119.26% vs -45.56% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, NRGU has been the lower-risk option at 23.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGU or HOOG?

Over the 1-year period, NRGU has performed better with a 119.26% return vs -45.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGU or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGU.

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

HOOG has the higher dividend yield at 20.52%, compared with 0.00% for NRGU.

What is the main difference between NRGU and HOOG?

They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for NRGU and 0.75% for HOOG.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (1.56 vs -0.33), 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.