OILD vs. NRGD
Compare and contrast key facts about MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD).
OILD and NRGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILD is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). It was launched on Nov 8, 2021. NRGD 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. Both OILD and NRGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OILD vs. NRGD - Performance Comparison
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OILD vs. NRGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -59.82% | -24.43% |
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -65.94% | -32.37% |
Returns By Period
In the year-to-date period, OILD achieves a -59.82% return, which is significantly higher than NRGD's -65.94% return.
OILD
- 1D
- 10.51%
- 1M
- -15.65%
- YTD
- -59.82%
- 6M
- -61.74%
- 1Y
- -67.52%
- 3Y*
- -46.53%
- 5Y*
- —
- 10Y*
- —
NRGD
- 1D
- 9.97%
- 1M
- -25.69%
- YTD
- -65.94%
- 6M
- -65.43%
- 1Y
- -76.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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OILD vs. NRGD - Expense Ratio Comparison
Both OILD and NRGD have an expense ratio of 0.95%.
Return for Risk
OILD vs. NRGD — Risk / Return Rank
OILD
NRGD
OILD vs. NRGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD). 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.
| OILD | NRGD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.88 | -0.86 | -0.02 |
Sortino ratioReturn per unit of downside risk | -1.62 | -1.68 | +0.06 |
Omega ratioGain probability vs. loss probability | 0.82 | 0.81 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.86 | +0.06 |
Martin ratioReturn relative to average drawdown | -1.29 | -1.25 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OILD | NRGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -0.86 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.77 | -0.84 | +0.07 |
Correlation
The correlation between OILD and NRGD is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OILD vs. NRGD - Dividend Comparison
Neither OILD nor NRGD has paid dividends to shareholders.
Drawdowns
OILD vs. NRGD - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than NRGD's maximum drawdown of -89.38%. Use the drawdown chart below to compare losses from any high point for OILD and NRGD.
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Drawdown Indicators
| OILD | NRGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -89.38% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -84.54% | -89.38% | +4.84% |
Current DrawdownCurrent decline from peak | -98.69% | -87.49% | -11.20% |
Average DrawdownAverage peak-to-trough decline | -88.25% | -54.53% | -33.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.71% | 61.43% | -8.72% |
Volatility
OILD vs. NRGD - Volatility Comparison
The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 19.05%, while MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a volatility of 22.39%. This indicates that OILD experiences smaller price fluctuations and is considered to be less risky than NRGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | NRGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.05% | 22.39% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 43.16% | 51.08% | -7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.80% | 89.30% | -12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.54% | 87.95% | -8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.54% | 87.95% | -8.41% |