NRGU vs. URTY

Last updated Jul 22, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and URTY (ProShares UltraPro Russell2000) are both Leveraged Equities funds - NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while URTY tracks the Russell 2000 Index (300%). Both are passively managed. Over the past year, NRGU returned 143.73% vs 100.50% for URTY. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

NRGU vs. URTY - 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 ProShares UltraPro Russell2000 (URTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 147.63% return, which is significantly higher than URTY's 57.52% return.

NRGU

• 1D: 4.67%
• 1M: 49.07%
• 6M: 118.31%
• YTD: 147.63%
• 1Y: 143.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.61%

URTY

• 1D: 4.30%
• 1M: 0.06%
• 6M: 30.87%
• YTD: 57.52%
• 1Y: 100.50%
• 3Y*: 23.03%
• 5Y*: -2.76%
• 10Y*: 7.34%
• ALL TIME*: 14.17%

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

NRGU vs. URTY - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	147.63%	-30.00%
URTY ProShares UltraPro Russell2000	57.52%	4.04%

Correlation

The correlation between NRGU and URTY is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.14

The correlation between NRGU and URTY shifts across timeframes, from -0.02 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

NRGU vs. URTY - Sectors Allocation Comparison

Sectors	NRGU	URTY
Energy	100.0%	5.4%
Basic Materials	-	4.4%
Communication Services	-	2.2%
Consumer Cyclical	-	9.2%
Consumer Defensive	-	2.6%
Financial Services	-	17.7%
Healthcare	-	20.2%
Industrials	-	14.1%
Real Estate	-	6.7%
Technology	-	14.8%
Utilities	-	2.7%

Return for Risk

NRGU vs. URTY — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 69
NRGU Sharpe Ratio Rank: 79
NRGU Sortino Ratio Rank: 66
NRGU Omega Ratio Rank: 63
NRGU Calmar Ratio Rank: 83
NRGU Martin Ratio Rank: 57

URTY

URTY Risk / Return Rank: 71
URTY Sharpe Ratio Rank: 73
URTY Sortino Ratio Rank: 67
URTY Omega Ratio Rank: 59
URTY Calmar Ratio Rank: 80
URTY Martin Ratio Rank: 75

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. URTY - 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 ProShares UltraPro Russell2000 (URTY). 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	URTY	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.74	+0.13
Sortino ratio: Return per unit of downside risk	2.29	2.30	-0.01
Omega ratio: Gain probability vs. loss probability	1.29	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	3.29	3.10	+0.19
Martin ratio: Return relative to average drawdown	7.35	10.12	-2.77

NRGU vs. URTY - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 1.88, which is comparable to the URTY Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of NRGU and URTY, 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. URTY - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, smaller than the maximum URTY drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for NRGU and URTY.

Drawdown Indicators

	NRGU	URTY	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-88.09%	+30.59%
Max Drawdown (1Y) Largest decline over 1 year	-43.89%	-32.56%	-11.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-65.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-82.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-88.09%	—
Current Drawdown Current decline from peak	-14.59%	-35.15%	+20.56%
Average Drawdown Average peak-to-trough decline	-25.98%	-34.79%	+8.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.63%	9.96%	+9.67%

Volatility

NRGU vs. URTY - Volatility Comparison

MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 22.33% compared to ProShares UltraPro Russell2000 (URTY) at 10.20%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than URTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	URTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.33%	10.20%	+12.13%
Volatility (6M) Calculated over the trailing 6-month period	63.72%	42.55%	+21.17%
Volatility (1Y) Calculated over the trailing 1-year period	77.11%	57.98%	+19.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.94%	67.34%	+21.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.94%	69.23%	+19.71%

NRGU vs. URTY - Expense Ratio Comparison

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

Dividends

NRGU vs. URTY - Dividend Comparison

NRGU has not paid dividends to shareholders, while URTY's dividend yield for the trailing twelve months is around 0.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%	0.00%	0.00%
URTY ProShares UltraPro Russell2000	0.75%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%

Frequently Asked Questions

Can I hold both NRGU and URTY in my portfolio?

NRGU and URTY have a correlation of -0.02, 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 URTY?

NRGU has higher volatility (22.33%) compared to URTY (10.20%). In terms of maximum drawdown, NRGU dropped -57.50% vs URTY's -88.09%.

Which ETF is better, NRGU or URTY?

On 1-year performance, NRGU leads with 143.73% vs 100.50% for URTY. Both ETFs have the same 0.95% expense ratio. On volatility, URTY has been the lower-risk option at 10.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGU or URTY?

Over the 1-year period, NRGU has performed better with a 143.73% return vs 100.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGU or URTY?

NRGU and URTY have the same expense ratio: 0.95% per year.

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

URTY has the higher dividend yield at 0.75%, compared with 0.00% for NRGU.

What is the main difference between NRGU and URTY?

NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while URTY tracks Russell 2000 Index (300%). They also come from different issuers: BMO and ProShares.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (1.88 vs 1.74), 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.