NRGU vs. OILU

Last updated Apr 2, 2026

Compare and contrast key facts about MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).

NRGU and OILU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NRGU is a passively managed fund by BMO that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. OILU is managed by BMO. It was launched on Mar 24, 2017.

Performance

NRGU vs. OILU - 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 Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). The values are adjusted to include any dividend payments, if applicable.

NRGU vs. OILU - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	112.51%	-30.65%

Returns By Period

In the year-to-date period, NRGU achieves a 139.49% return, which is significantly higher than OILU's 112.51% return.

NRGU

• 1D: -10.75%
• 1M: 24.81%
• YTD: 139.49%
• 6M: 107.68%
• 1Y: 69.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILU

• 1D: -10.60%
• 1M: 12.27%
• YTD: 112.51%
• 6M: 100.08%
• 1Y: 45.27%
• 3Y*: 7.13%
• 5Y*: —
• 10Y*: —

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

NRGU vs. OILU - Expense Ratio Comparison

Both NRGU and OILU have an expense ratio of 0.95%.

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

OILU

MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN

Return for Risk

NRGU vs. OILU — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 45
NRGU Sharpe Ratio Rank: 40
NRGU Sortino Ratio Rank: 54
NRGU Omega Ratio Rank: 54
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 30

OILU

OILU Risk / Return Rank: 34
OILU Sharpe Ratio Rank: 30
OILU Sortino Ratio Rank: 40
OILU Omega Ratio Rank: 42
OILU Calmar Ratio Rank: 34
OILU Martin Ratio Rank: 23

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. OILU - 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 Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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	OILU	Difference
Sharpe ratio Return per unit of total volatility	0.79	0.59	+0.20
Sortino ratio Return per unit of downside risk	1.48	1.19	+0.29
Omega ratio Gain probability vs. loss probability	1.21	1.17	+0.04
Calmar ratio Return relative to maximum drawdown	1.29	0.91	+0.38
Martin ratio Return relative to average drawdown	2.64	1.54	+1.09
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. OILU - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 0.79, which is higher than the OILU Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of NRGU and OILU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NRGU	OILU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.59	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.20	+0.41

Correlation

The correlation between NRGU and OILU is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NRGU vs. OILU - Dividend Comparison

Neither NRGU nor OILU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NRGU vs. OILU - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for NRGU and OILU.

Drawdown Indicators

	NRGU	OILU	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-81.00%	+23.50%
Max Drawdown (1Y) Largest decline over 1 year	-55.24%	-52.04%	-3.20%
Current Drawdown Current decline from peak	-17.40%	-42.85%	+25.45%
Average Drawdown Average peak-to-trough decline	-25.38%	-50.72%	+25.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.12%	30.74%	-3.62%

Volatility

NRGU vs. OILU - Volatility Comparison

MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 23.31% compared to MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) at 19.90%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	OILU	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.31%	19.90%	+3.41%
Volatility (6M) Calculated over the trailing 6-month period	50.27%	43.84%	+6.43%
Volatility (1Y) Calculated over the trailing 1-year period	88.18%	77.03%	+11.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.12%	81.31%	+5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.12%	81.31%	+5.81%