NUGO vs. DRLL

Last updated Jun 4, 2026

NUGO (Nuveen Growth Opportunities ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - NUGO is a Large Cap Growth Equities fund actively managed by Nuveen, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. NUGO is actively managed, while DRLL is passively managed. Over the past 3 years, NUGO returned 25.96%/yr vs 14.67%/yr for DRLL. At a 0.13 correlation, their price movements are largely independent. NUGO charges 0.56%/yr vs 0.41%/yr for DRLL.

Performance

NUGO vs. DRLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Growth Opportunities ETF (NUGO) and Strive U.S. Energy ETF (DRLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUGO achieves a 10.24% return, which is significantly lower than DRLL's 31.26% return.

NUGO

• 1D: -1.39%
• 1M: 5.87%
• YTD: 10.24%
• 6M: 9.17%
• 1Y: 27.74%
• 3Y*: 25.96%
• 5Y*: —
• 10Y*: —

DRLL

• 1D: 1.47%
• 1M: -1.82%
• YTD: 31.26%
• 6M: 27.14%
• 1Y: 43.09%
• 3Y*: 14.67%
• 5Y*: —
• 10Y*: —

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

NUGO vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NUGO Nuveen Growth Opportunities ETF	10.24%	14.91%	35.95%	45.37%	-11.55%
DRLL Strive U.S. Energy ETF	31.26%	7.74%	0.02%	-1.84%	16.56%

Correlation

The correlation between NUGO and DRLL is -0.21, 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	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.13

The correlation between NUGO and DRLL shifts across timeframes, from -0.21 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

NUGO vs. DRLL - Sectors Allocation Comparison

Sectors	NUGO	DRLL
Technology	54.6%	-
Communication Services	13.2%	-
Consumer Cyclical	12.3%	0.9%
Industrials	9.0%	-
Healthcare	6.5%	-
Financial Services	3.3%	-
Basic Materials	1.6%	-
Consumer Defensive	0.9%	-
Utilities	0.2%	-
Energy	-	99.1%
Real Estate	-	-

Return for Risk

NUGO vs. DRLL — Risk / Return Rank

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

NUGO

NUGO Risk / Return Rank: 39
NUGO Sharpe Ratio Rank: 45
NUGO Sortino Ratio Rank: 43
NUGO Omega Ratio Rank: 43
NUGO Calmar Ratio Rank: 33
NUGO Martin Ratio Rank: 34

DRLL

DRLL Risk / Return Rank: 55
DRLL Sharpe Ratio Rank: 57
DRLL Sortino Ratio Rank: 52
DRLL Omega Ratio Rank: 50
DRLL Calmar Ratio Rank: 63
DRLL Martin Ratio Rank: 52

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.

NUGO vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Growth Opportunities ETF (NUGO) and Strive U.S. Energy ETF (DRLL). 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.

	NUGO	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.94	-0.37
Sortino ratio: Return per unit of downside risk	2.17	2.49	-0.33
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	1.59	3.11	-1.52
Martin ratio: Return relative to average drawdown	5.17	8.82	-3.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUGO vs. DRLL - Sharpe Ratio Comparison

The current NUGO Sharpe Ratio is 1.57, which is comparable to the DRLL Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of NUGO and DRLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NUGO	DRLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.94	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.57	+0.02

Drawdowns

NUGO vs. DRLL - Drawdown Comparison

The maximum NUGO drawdown since its inception was -38.01%, which is greater than DRLL's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for NUGO and DRLL.

Drawdown Indicators

	NUGO	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-38.01%	-23.73%	-14.28%
Max Drawdown (1Y) Largest decline over 1 year	-17.54%	-13.93%	-3.61%
Max Drawdown (3Y) Largest decline over 3 years	-25.12%	-23.73%	-1.39%
Current Drawdown Current decline from peak	-1.39%	-8.10%	+6.71%
Average Drawdown Average peak-to-trough decline	-12.06%	-8.02%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.38%	4.90%	+0.48%

Volatility

NUGO vs. DRLL - Volatility Comparison

The current volatility for Nuveen Growth Opportunities ETF (NUGO) is 4.21%, while Strive U.S. Energy ETF (DRLL) has a volatility of 9.15%. This indicates that NUGO experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUGO	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	9.15%	-4.94%
Volatility (6M) Calculated over the trailing 6-month period	13.36%	18.04%	-4.68%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	22.34%	-4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	23.76%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.12%	23.76%	-0.64%

NUGO vs. DRLL - Expense Ratio Comparison

NUGO has a 0.56% expense ratio, which is higher than DRLL's 0.41% expense ratio.

Dividends

NUGO vs. DRLL - Dividend Comparison

NUGO has not paid dividends to shareholders, while DRLL's dividend yield for the trailing twelve months is around 2.33%.

Position	TTM	2025	2024	2023	2022	2021
DRLL Strive U.S. Energy ETF	2.33%	2.99%	3.00%	3.01%	1.18%	0.00%
NUGO Nuveen Growth Opportunities ETF	0.00%	0.00%	0.00%	0.19%	0.26%	0.00%

Frequently Asked Questions

Can I hold both NUGO and DRLL in my portfolio?

NUGO and DRLL have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUGO or DRLL?

DRLL has higher volatility (9.15%) compared to NUGO (4.21%). In terms of maximum drawdown, NUGO dropped -38.01% vs DRLL's -23.73%.

Which ETF is better, NUGO or DRLL?

On 3-year performance, NUGO leads with 25.96% vs 14.67% for DRLL. On fees, DRLL is cheaper at 0.41% per year. On volatility, NUGO has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUGO or DRLL?

Over the 3-year period, NUGO has performed better with a 25.96% return vs 14.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUGO or DRLL?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.56% for NUGO.

Which ETF pays a higher dividend yield, NUGO or DRLL?

DRLL has the higher dividend yield at 2.33%, compared with 0.00% for NUGO.

What is the main difference between NUGO and DRLL?

NUGO is categorized as Large Cap Growth Equities, while DRLL is Energy Equities. They also come from different issuers: Nuveen and Strive. Their fees differ too: 0.56% for NUGO and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.94 vs 1.57), 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.