NRGU vs. XTAP

Last updated Aug 2, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. NRGU is passively managed, while XTAP is actively managed. Over the past year, NRGU returned 166.43% vs 19.11% for XTAP. Their 0.06 correlation means their historical movements had little consistent relationship. NRGU charges 0.95%/yr vs 0.79%/yr for XTAP.

Performance

NRGU vs. XTAP - 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 Innovator U.S. Equity Accelerated Plus ETF (XTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 157.14% return, which is significantly higher than XTAP's 12.47% return.

NRGU

• 1D: 2.86%
• 1M: 51.26%
• 6M: 91.25%
• YTD: 157.14%
• 1Y: 166.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 50.40%

XTAP

• 1D: 0.47%
• 1M: 1.02%
• 6M: 11.93%
• YTD: 12.47%
• 1Y: 19.11%
• 3Y*: 16.76%
• 5Y*: 10.76%
• 10Y*: —
• ALL TIME*: 11.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	$4.57M	$4.13M	$3.95M
XTAP Innovator U.S. Equity Accelerated Plus ETF	$36.55K	$24.82K	$30.58K

NRGU vs. XTAP - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	157.14%	-30.00%
XTAP Innovator U.S. Equity Accelerated Plus ETF	12.47%	14.89%

Correlation

The correlation between NRGU and XTAP is -0.16, 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.	-0.16
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.06

The correlation between NRGU and XTAP shifts across timeframes, from -0.16 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

NRGU vs. XTAP - Sectors Allocation Comparison

Sectors	NRGU	XTAP
Energy	100.0%	3.1%
Basic Materials	-	1.7%
Communication Services	-	10.7%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Financial Services	-	10.9%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.1%
Utilities	-	2.1%

Return for Risk

NRGU vs. XTAP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NRGU

NRGU Risk / Return Rank: 75
NRGU Sharpe Ratio Rank: 83
NRGU Sortino Ratio Rank: 72
NRGU Omega Ratio Rank: 69
NRGU Calmar Ratio Rank: 86
NRGU Martin Ratio Rank: 63

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 98
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NRGU vs. XTAP - 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 Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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	XTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.92	3.73	-1.81
Sortino ratio: Return per unit of downside risk	2.31	6.04	-3.72
Omega ratio: Gain probability vs. loss probability	1.29	1.92	-0.63
Calmar ratio: Return relative to maximum drawdown	3.38	10.71	-7.33
Martin ratio: Return relative to average drawdown	7.59	54.76	-47.17

NRGU vs. XTAP - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 1.92, which is lower than the XTAP Sharpe Ratio of 3.73. The chart below compares the historical Sharpe Ratios of NRGU and XTAP, 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. XTAP - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for NRGU and XTAP.

Drawdown Indicators

	NRGU	XTAP	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-22.13%	-35.37%
Max Drawdown (1Y) Largest decline over 1 year	-43.89%	-1.72%	-42.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.13%	—
Current Drawdown Current decline from peak	-11.31%	0.00%	-11.31%
Average Drawdown Average peak-to-trough decline	-25.74%	-3.36%	-22.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.55%	0.34%	+19.21%

Volatility

NRGU vs. XTAP - Volatility Comparison

MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 22.83% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 1.60%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	XTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.83%	1.60%	+21.23%
Volatility (6M) Calculated over the trailing 6-month period	64.33%	4.02%	+60.31%
Volatility (1Y) Calculated over the trailing 1-year period	77.39%	4.93%	+72.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.47%	14.53%	+73.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.47%	14.23%	+74.24%

NRGU vs. XTAP - Expense Ratio Comparison

NRGU has a 0.95% expense ratio, which is higher than XTAP's 0.79% expense ratio.

Dividends

NRGU vs. XTAP - Dividend Comparison

Neither NRGU nor XTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGU and XTAP in my portfolio?

NRGU and XTAP have a correlation of -0.16, 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 XTAP?

NRGU has higher volatility (22.83%) compared to XTAP (1.60%). In terms of maximum drawdown, NRGU dropped -57.50% vs XTAP's -22.13%.

Which ETF is better, NRGU or XTAP?

On 1-year performance, NRGU leads with 166.43% vs 19.11% for XTAP. On fees, XTAP is cheaper at 0.79% per year. On volatility, XTAP has been the lower-risk option at 1.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGU or XTAP?

Over the 1-year period, NRGU has performed better with a 166.43% return vs 19.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGU or XTAP?

XTAP is cheaper with a 0.79% expense ratio, compared with 0.95% for NRGU.

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

NRGU and XTAP have nearly identical dividend yields, around 0.00%.

What is the main difference between NRGU and XTAP?

They also come from different issuers: BMO and Innovator. Their fees differ too: 0.95% for NRGU and 0.79% for XTAP.

Which has better risk-adjusted returns?

XTAP currently has the higher Sharpe Ratio (3.73 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.