NRGU vs. TMV
Compare and contrast key facts about MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) and Direxion Daily 20-Year Treasury Bear 3X (TMV).
NRGU and TMV 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. TMV is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (-300%). It was launched on Apr 16, 2009. Both NRGU and TMV 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 TMV.
Key characteristics
| NRGU | TMV | |
|---|---|---|
| YTD Return | 36.36% | 31.25% |
| 1Y Return | 77.99% | 46.27% |
| 3Y Return (Ann) | 55.17% | 27.74% |
| 5Y Return (Ann) | -10.06% | -0.01% |
| Sharpe Ratio | 1.28 | 0.85 |
| Daily Std Dev | 57.82% | 49.23% |
| Max Drawdown | -98.18% | -99.06% |
| Current Drawdown | -53.11% | -96.57% |
Correlation
The correlation between NRGU and TMV is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NRGU vs. TMV - Performance Comparison
In the year-to-date period, NRGU achieves a 36.36% return, which is significantly higher than TMV's 31.25% 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. TMV - Expense Ratio Comparison
NRGU has a 0.95% expense ratio, which is lower than TMV's 1.04% expense ratio.
Risk-Adjusted Performance
NRGU vs. TMV - 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 Direxion Daily 20-Year Treasury Bear 3X (TMV). 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. TMV - Dividend Comparison
NRGU has not paid dividends to shareholders, while TMV's dividend yield for the trailing twelve months is around 3.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TMV Direxion Daily 20-Year Treasury Bear 3X | 3.50% | 3.87% | 0.00% | 0.00% | 0.52% | 2.25% | 0.89% |
Drawdowns
NRGU vs. TMV - Drawdown Comparison
The maximum NRGU drawdown since its inception was -98.18%, roughly equal to the maximum TMV drawdown of -99.06%. Use the drawdown chart below to compare losses from any high point for NRGU and TMV. For additional features, visit the drawdowns tool.
Volatility
NRGU vs. TMV - Volatility Comparison
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 15.99% compared to Direxion Daily 20-Year Treasury Bear 3X (TMV) at 9.82%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than TMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.