NRGU vs. VTEB
NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and VTEB (Vanguard Tax-Exempt Bond ETF) are both exchange-traded funds - NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index, while VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past year, NRGU returned 166.43% vs 4.77% for VTEB. Their -0.20 correlation means they have often moved in opposite directions in the past. NRGU charges 0.95%/yr vs 0.03%/yr for VTEB.
Performance
NRGU vs. VTEB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NRGU achieves a 157.14% return, which is significantly higher than VTEB's 0.31% return.
NRGU
- 1D
- 2.86%
- 1M
- 51.26%
- 6M
- 91.25%
- YTD
- 157.14%
- 1Y
- 166.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 50.40%
VTEB
- 1D
- -0.10%
- 1M
- -1.84%
- 6M
- -0.23%
- YTD
- 0.31%
- 1Y
- 4.77%
- 3Y*
- 2.92%
- 5Y*
- 0.53%
- 10Y*
- 1.88%
- ALL TIME*
- 2.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.57M | $4.13M | $3.95M | |
| $377.87M | $352.76M | $360.69M |
NRGU vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 157.14% | -30.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.31% | 3.43% |
Correlation
The correlation between NRGU and VTEB is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.20 |
The correlation between NRGU and VTEB shifts across timeframes, from -0.34 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NRGU vs. VTEB — Risk / Return Rank
NRGU
VTEB
NRGU vs. VTEB - 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 Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.00 | +1.38 |
| Martin ratioReturn relative to average drawdown | 7.59 | 6.62 | +0.97 |
Loading charts...
Drawdowns
NRGU vs. VTEB - Drawdown Comparison
The maximum NRGU drawdown since its inception was -57.50%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for NRGU and VTEB.
Loading charts...
Drawdown Indicators
| NRGU | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -17.00% | -40.50% |
Max Drawdown (1Y)Largest decline over 1 year | -43.89% | -2.71% | -41.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -11.31% | -1.86% | -9.45% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -2.30% | -23.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | 0.82% | +18.73% |
Volatility
NRGU vs. VTEB - Volatility Comparison
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 22.83% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.88%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NRGU | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.83% | 0.88% | +21.95% |
Volatility (6M)Calculated over the trailing 6-month period | 64.33% | 2.22% | +62.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.39% | 2.79% | +74.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.47% | 3.92% | +84.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.47% | 5.25% | +83.22% |
NRGU vs. VTEB - Expense Ratio Comparison
NRGU has a 0.95% expense ratio, which is higher than VTEB's 0.03% expense ratio.
Dividends
NRGU vs. VTEB - Dividend Comparison
NRGU has not paid dividends to shareholders, while VTEB's dividend yield for the trailing twelve months is around 3.42%.
| 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.14% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Frequently Asked Questions
NRGU and VTEB have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (22.83%) compared to VTEB (0.88%). In terms of maximum drawdown, NRGU dropped -57.50% vs VTEB's -17.00%.
On 1-year performance, NRGU leads with 166.43% vs 4.77% for VTEB. On fees, VTEB is cheaper at 0.03% per year. On volatility, VTEB has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NRGU has performed better with a 166.43% return vs 4.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.95% for NRGU.
VTEB has the higher dividend yield at 3.14%, compared with 0.00% for NRGU.
NRGU is categorized as Leveraged Equities, while VTEB is Municipal Bonds. NRGU tracks Solactive MicroSectors U.S. Big Oil Index, while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: BMO and Vanguard. Their fees differ too: 0.95% for NRGU and 0.03% for VTEB.
VTEB currently has the higher Sharpe Ratio (1.95 vs 1.92), 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.
Find the right allocation for NRGU and VTEB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer