NRGU vs. SQQQ
Compare and contrast key facts about MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and ProShares UltraPro Short QQQ (SQQQ).
NRGU and SQQQ 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 Financial Group that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both NRGU and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRGU or SQQQ.
Key characteristics
| NRGU | SQQQ | |
|---|---|---|
| YTD Return | 36.36% | -19.92% |
| 1Y Return | 77.99% | -59.54% |
| 3Y Return (Ann) | 55.17% | -42.66% |
| 5Y Return (Ann) | -10.06% | -58.40% |
| Sharpe Ratio | 1.28 | -1.23 |
| Daily Std Dev | 57.82% | 48.57% |
| Max Drawdown | -98.18% | -100.00% |
| Current Drawdown | -53.11% | -100.00% |
Correlation
The correlation between NRGU and SQQQ is -0.26. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NRGU vs. SQQQ - Performance Comparison
In the year-to-date period, NRGU achieves a 36.36% return, which is significantly higher than SQQQ's -19.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NRGU vs. SQQQ - Expense Ratio Comparison
Both NRGU and SQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
NRGU vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and ProShares UltraPro Short QQQ (SQQQ). 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.
Dividends
NRGU vs. SQQQ - Dividend Comparison
NRGU has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 9.77%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% |
SQQQ ProShares UltraPro Short QQQ | 9.77% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
NRGU vs. SQQQ - Drawdown Comparison
The maximum NRGU drawdown since its inception was -98.18%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NRGU and SQQQ. For additional features, visit the drawdowns tool.
Volatility
NRGU vs. SQQQ - Volatility Comparison
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and ProShares UltraPro Short QQQ (SQQQ) have volatilities of 15.99% and 16.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.