NRGU vs. XTJL

Last updated Jun 26, 2026

NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. NRGU is passively managed, while XTJL is actively managed. Over the past year, NRGU returned 87.62% vs 14.32% for XTJL. At a 0.14 correlation, their price movements are largely independent. NRGU charges 0.95%/yr vs 0.79%/yr for XTJL.

Performance

NRGU vs. XTJL - 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 - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU achieves a 74.97% return, which is significantly higher than XTJL's 5.63% return.

NRGU

• 1D: 2.72%
• 1M: -13.53%
• YTD: 74.97%
• 6M: 78.13%
• 1Y: 87.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XTJL

• 1D: 0.02%
• 1M: 0.38%
• YTD: 5.63%
• 6M: 5.29%
• 1Y: 14.32%
• 3Y*: 14.42%
• 5Y*: —
• 10Y*: —

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

NRGU vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	74.97%	-30.00%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.63%	12.10%

Correlation

The correlation between NRGU and XTJL is -0.04, 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	-0.04
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.14

The correlation between NRGU and XTJL shifts across timeframes, from -0.04 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

NRGU vs. XTJL - Sectors Allocation Comparison

Sectors	NRGU	XTJL
Energy	100.0%	3.2%
Basic Materials	-	1.7%
Communication Services	-	10.8%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	4.6%
Financial Services	-	11.0%
Healthcare	-	8.4%
Industrials	-	7.9%
Real Estate	-	1.8%
Technology	-	38.4%
Utilities	-	2.1%

Return for Risk

NRGU vs. XTJL — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 38
NRGU Sharpe Ratio Rank: 36
NRGU Sortino Ratio Rank: 37
NRGU Omega Ratio Rank: 36
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 36

XTJL

XTJL Risk / Return Rank: 76
XTJL Sharpe Ratio Rank: 69
XTJL Sortino Ratio Rank: 75
XTJL Omega Ratio Rank: 83
XTJL Calmar Ratio Rank: 65
XTJL Martin Ratio Rank: 86

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. XTJL - 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 - July (XTJL). 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	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.96	-0.80
Sortino ratio: Return per unit of downside risk	1.76	2.92	-1.16
Omega ratio: Gain probability vs. loss probability	1.22	1.44	-0.22
Calmar ratio: Return relative to maximum drawdown	2.06	2.81	-0.75
Martin ratio: Return relative to average drawdown	4.94	15.91	-10.97

NRGU vs. XTJL - Sharpe Ratio Comparison

The current NRGU Sharpe Ratio is 1.16, which is lower than the XTJL Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of NRGU and XTJL, 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. XTJL - Drawdown Comparison

The maximum NRGU drawdown since its inception was -57.50%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for NRGU and XTJL.

Drawdown Indicators

	NRGU	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-23.24%	-34.26%
Max Drawdown (1Y) Largest decline over 1 year	-42.71%	-5.12%	-37.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.70%	—
Current Drawdown Current decline from peak	-39.65%	-0.04%	-39.61%
Average Drawdown Average peak-to-trough decline	-25.68%	-3.99%	-21.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.80%	0.90%	+16.90%

Volatility

NRGU vs. XTJL - Volatility Comparison

MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a higher volatility of 25.61% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 0.34%. This indicates that NRGU's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.61%	0.34%	+25.27%
Volatility (6M) Calculated over the trailing 6-month period	62.83%	5.61%	+57.22%
Volatility (1Y) Calculated over the trailing 1-year period	75.96%	7.35%	+68.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.05%	15.12%	+73.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.05%	15.12%	+73.93%

NRGU vs. XTJL - Expense Ratio Comparison

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

Dividends

NRGU vs. XTJL - Dividend Comparison

Neither NRGU nor XTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGU and XTJL in my portfolio?

NRGU and XTJL have a correlation of -0.04, 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 XTJL?

NRGU has higher volatility (25.61%) compared to XTJL (0.34%). In terms of maximum drawdown, NRGU dropped -57.50% vs XTJL's -23.24%.

Which ETF is better, NRGU or XTJL?

On 1-year performance, NRGU leads with 87.62% vs 14.32% for XTJL. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGU or XTJL?

Over the 1-year period, NRGU has performed better with a 87.62% return vs 14.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGU or XTJL?

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

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

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

What is the main difference between NRGU and XTJL?

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

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.96 vs 1.16), 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.