NVIR vs. OILU
NVIR (Horizon Kinetics Energy Remediation ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - NVIR is a Energy Equities fund actively managed by Horizon, while OILU is a Leveraged Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index. NVIR is actively managed, while OILU is passively managed. Over the past 3 years, NVIR returned 14.61%/yr vs 1.15%/yr for OILU. Their correlation of 0.84 means they have usually moved in the same direction. NVIR charges 0.85%/yr vs 0.95%/yr for OILU.
Performance
NVIR vs. OILU - Performance Comparison
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Returns By Period
In the year-to-date period, NVIR achieves a 19.87% return, which is significantly lower than OILU's 95.09% return.
NVIR
- 1D
- 1.02%
- 1M
- 3.92%
- 6M
- 8.24%
- YTD
- 19.87%
- 1Y
- 32.95%
- 3Y*
- 14.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.25%
OILU
- 1D
- 3.79%
- 1M
- 38.67%
- 6M
- 37.11%
- YTD
- 95.09%
- 1Y
- 107.91%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.32K | $14.45K | $24.85K | |
| $8.21M | $8.45M | $7.94M |
NVIR vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 19.87% | 9.84% | 17.53% | 5.23% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 95.09% | -16.50% | -21.65% | -16.98% |
Correlation
The correlation between NVIR and OILU is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2023 | 0.84 |
The correlation between NVIR and OILU has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
NVIR vs. OILU — Risk / Return Rank
NVIR
OILU
NVIR vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.
| NVIR | OILU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 2.07 | +1.26 |
| Martin ratioReturn relative to average drawdown | 8.79 | 5.11 | +3.68 |
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Drawdowns
NVIR vs. OILU - Drawdown Comparison
The maximum NVIR drawdown since its inception was -22.47%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for NVIR and OILU.
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Drawdown Indicators
| NVIR | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -81.00% | +58.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -46.49% | +37.40% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | -69.09% | +46.62% |
Current DrawdownCurrent decline from peak | -4.91% | -47.53% | +42.62% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -50.69% | +46.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 18.88% | -15.43% |
Volatility
NVIR vs. OILU - Volatility Comparison
The current volatility for Horizon Kinetics Energy Remediation ETF (NVIR) is 4.75%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 19.22%. This indicates that NVIR experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVIR | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 19.22% | -14.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 51.99% | -39.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 64.36% | -47.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 80.80% | -61.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 80.80% | -61.54% |
NVIR vs. OILU - Expense Ratio Comparison
NVIR has a 0.85% expense ratio, which is lower than OILU's 0.95% expense ratio.
Dividends
NVIR vs. OILU - Dividend Comparison
NVIR's dividend yield for the trailing twelve months is around 0.76%, while OILU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 0.76% | 0.92% | 1.50% | 1.34% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVIR and OILU have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (19.22%) compared to NVIR (4.75%). In terms of maximum drawdown, NVIR dropped -22.47% vs OILU's -81.00%.
On 3-year performance, NVIR leads with 14.61% vs 1.15% for OILU. On fees, NVIR is cheaper at 0.85% per year. On volatility, NVIR has been the lower-risk option at 4.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVIR has performed better with a 14.61% return vs 1.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVIR is cheaper with a 0.85% expense ratio, compared with 0.95% for OILU.
NVIR has the higher dividend yield at 0.76%, compared with 0.00% for OILU.
NVIR is categorized as Energy Equities, while OILU is Leveraged Equities. They also come from different issuers: Horizon and BMO. Their fees differ too: 0.85% for NVIR and 0.95% for OILU.
NVIR currently has the higher Sharpe Ratio (1.78 vs 1.50), 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.
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