NVD vs. NRGU

Last updated Apr 2, 2026

Compare and contrast key facts about GraniteShares 2x Short NVDA Daily ETF (NVD) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).

NVD and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. NRGU is a passively managed fund by BMO that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019.

Performance

NVD vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short NVDA Daily ETF (NVD) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

NVD vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
NVD GraniteShares 2x Short NVDA Daily ETF	4.20%	-65.52%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%

Returns By Period

In the year-to-date period, NVD achieves a 4.20% return, which is significantly lower than NRGU's 139.49% return.

NVD

• 1D: -1.32%
• 1M: 5.23%
• YTD: 4.20%
• 6M: -3.12%
• 1Y: -75.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: -10.75%
• 1M: 24.81%
• YTD: 139.49%
• 6M: 107.68%
• 1Y: 69.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVD vs. NRGU - Expense Ratio Comparison

NVD has a 1.50% expense ratio, which is higher than NRGU's 0.95% expense ratio.

NVD

GraniteShares 2x Short NVDA Daily ETF

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Return for Risk

NVD vs. NRGU — Risk / Return Rank

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

NVD

NVD Risk / Return Rank: 1
NVD Sharpe Ratio Rank: 1
NVD Sortino Ratio Rank: 1
NVD Omega Ratio Rank: 1
NVD Calmar Ratio Rank: 0
NVD Martin Ratio Rank: 4

NRGU

NRGU Risk / Return Rank: 45
NRGU Sharpe Ratio Rank: 40
NRGU Sortino Ratio Rank: 54
NRGU Omega Ratio Rank: 54
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 30

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.

NVD vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). 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.

	NVD	NRGU	Difference
Sharpe ratio Return per unit of total volatility	-0.91	0.79	-1.70
Sortino ratio Return per unit of downside risk	-1.60	1.48	-3.08
Omega ratio Gain probability vs. loss probability	0.80	1.21	-0.41
Calmar ratio Return relative to maximum drawdown	-0.90	1.29	-2.19
Martin ratio Return relative to average drawdown	-1.02	2.64	-3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVD vs. NRGU - Sharpe Ratio Comparison

The current NVD Sharpe Ratio is -0.91, which is lower than the NRGU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of NVD and NRGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVD	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	0.79	-1.70
Sharpe Ratio (All Time) Calculated using the full available price history	-0.85	0.61	-1.46

Correlation

The correlation between NVD and NRGU is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NVD vs. NRGU - Dividend Comparison

NVD's dividend yield for the trailing twelve months is around 11.35%, while NRGU has not paid dividends to shareholders.

	TTM	2025	2024	2023
NVD GraniteShares 2x Short NVDA Daily ETF	11.35%	11.83%	8.68%	15.78%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%

Drawdowns

NVD vs. NRGU - Drawdown Comparison

The maximum NVD drawdown since its inception was -98.85%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for NVD and NRGU.

Drawdown Indicators

	NVD	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-98.85%	-57.50%	-41.35%
Max Drawdown (1Y) Largest decline over 1 year	-84.54%	-55.24%	-29.30%
Current Drawdown Current decline from peak	-98.60%	-17.40%	-81.20%
Average Drawdown Average peak-to-trough decline	-80.51%	-25.38%	-55.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.07%	27.12%	+46.95%

Volatility

NVD vs. NRGU - Volatility Comparison

The current volatility for GraniteShares 2x Short NVDA Daily ETF (NVD) is 21.21%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 23.31%. This indicates that NVD experiences smaller price fluctuations and is considered to be less risky than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVD	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.21%	23.31%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	52.07%	50.27%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	82.53%	88.18%	-5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.56%	87.12%	+6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.56%	87.12%	+6.44%