NRGU vs. SBU

Last updated Jun 26, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds. NRGU is passively managed, while SBU is actively managed. At a correlation of -0.03, they often move in opposite directions. NRGU charges 0.95%/yr vs 0.75%/yr for SBU.

Performance

NRGU vs. SBU - 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 SBUX Daily ETF (SBU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 74.97% return, which is significantly higher than SBU's 39.21% return.

NRGU

• 1D: 2.72%
• 1M: -13.53%
• YTD: 74.97%
• 6M: 78.13%
• 1Y: 87.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBU

• 1D: -0.94%
• 1M: 1.86%
• YTD: 39.21%
• 6M: 37.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRGU vs. SBU - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	74.97%	-15.42%
SBU Leverage Shares 2X Long SBUX Daily ETF	39.21%	-6.03%

Correlation

The correlation between NRGU and SBU is -0.03, 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 (All Time) Calculated using the full available price history since Nov 17, 2025	-0.03

Return for Risk

NRGU vs. SBU — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 38
NRGU Sharpe Ratio Rank: 36
NRGU Sortino Ratio Rank: 37
NRGU Omega Ratio Rank: 36
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 36

SBU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SBU - 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 SBUX Daily ETF (SBU). 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	SBU	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.76	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	2.06	—	—
Martin ratio: Return relative to average drawdown	4.94	—	—

Drawdowns

NRGU vs. SBU - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, which is greater than SBU's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for NRGU and SBU.

Drawdown Indicators

	NRGU	SBU	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-28.10%	-29.40%
Max Drawdown (1Y) Largest decline over 1 year	-42.71%	—	—
Current Drawdown Current decline from peak	-39.65%	-8.50%	-31.15%
Average Drawdown Average peak-to-trough decline	-25.68%	-7.39%	-18.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.80%	—	—

Volatility

Volatility by Period

	NRGU	SBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	62.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.96%	59.15%	+16.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.05%	59.15%	+29.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.05%	59.15%	+29.90%

NRGU vs. SBU - Expense Ratio Comparison

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

Dividends

NRGU vs. SBU - Dividend Comparison

Neither NRGU nor SBU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGU and SBU in my portfolio?

NRGU and SBU have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NRGU or SBU?

On fees, SBU is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NRGU or SBU?

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

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

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

What is the main difference between NRGU and SBU?

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