NRGU vs. USD
NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds - NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past year, NRGU returned 171.19% vs 250.81% for USD. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
NRGU vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, NRGU achieves a 125.94% return, which is significantly higher than USD's 103.32% return.
NRGU
- 1D
- -1.47%
- 1M
- -6.46%
- YTD
- 125.94%
- 6M
- 93.16%
- 1Y
- 171.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -4.99%
- 1M
- 31.62%
- YTD
- 103.32%
- 6M
- 97.79%
- 1Y
- 250.81%
- 3Y*
- 125.78%
- 5Y*
- 67.80%
- 10Y*
- 61.24%
NRGU vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 125.94% | -33.00% |
USD ProShares Ultra Semiconductors | 103.32% | 55.59% |
Correlation
The correlation between NRGU and USD is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.04 |
The correlation between NRGU and USD shifts across timeframes, from -0.12 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
NRGU vs. USD - Sectors Allocation Comparison
Sectors
NRGU
USD
Energy
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
Utilities
-
-
Energy
NRGU
USD
Basic Materials
NRGU
-
USD
-
Communication Services
NRGU
-
USD
-
Consumer Cyclical
NRGU
-
USD
-
Consumer Defensive
NRGU
-
USD
-
Financial Services
NRGU
-
USD
Healthcare
NRGU
-
USD
-
Industrials
NRGU
-
USD
-
Real Estate
NRGU
-
USD
-
Technology
NRGU
-
USD
Utilities
NRGU
-
USD
-
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Return for Risk
NRGU vs. USD — Risk / Return Rank
NRGU
USD
NRGU vs. USD - 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 Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.48 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 7.94 | -3.63 |
| Martin ratioReturn relative to average drawdown | 10.74 | 22.96 | -12.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NRGU | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 4.12 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.49 | -0.06 |
Drawdowns
NRGU vs. USD - Drawdown Comparison
The maximum NRGU drawdown since its inception was -57.50%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NRGU and USD.
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Drawdown Indicators
| NRGU | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -88.63% | +31.13% |
Max Drawdown (1Y)Largest decline over 1 year | -39.95% | -31.80% | -8.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -22.07% | -6.07% | -16.00% |
Average DrawdownAverage peak-to-trough decline | -25.41% | -32.35% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.01% | 10.98% | +5.03% |
Volatility
NRGU vs. USD - Volatility Comparison
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 31.62% compared to ProShares Ultra Semiconductors (USD) at 21.29%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGU | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.62% | 21.29% | +10.33% |
Volatility (6M)Calculated over the trailing 6-month period | 61.19% | 46.74% | +14.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.02% | 61.28% | +13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.03% | 76.56% | +12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.03% | 69.24% | +19.79% |
NRGU vs. USD - Expense Ratio Comparison
Both NRGU and USD have an expense ratio of 0.95%.
Dividends
NRGU vs. USD - Dividend Comparison
NRGU has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
USD ProShares Ultra Semiconductors | 0.23% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
NRGU and USD have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (31.62%) compared to USD (21.29%). In terms of maximum drawdown, NRGU dropped -57.50% vs USD's -88.63%.
On 1-year performance, USD leads with 250.81% vs 171.19% for NRGU. Both ETFs have the same 0.95% expense ratio. On volatility, USD has been the lower-risk option at 21.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 250.81% return vs 171.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NRGU and USD have the same expense ratio: 0.95% per year.
USD has the higher dividend yield at 0.23%, compared with 0.00% for NRGU.
NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: BMO and ProShares.
USD currently has the higher Sharpe Ratio (4.12 vs 2.31), 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.
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