OILU vs. BRZU

Last updated Jun 13, 2026

OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and BRZU (Direxion Daily Brazil Bull 2X Shares) are both exchange-traded funds - OILU is a Leveraged Commodities fund managed by BMO, while BRZU is a Leveraged Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 3 years, OILU returned 6.45%/yr vs 6.31%/yr for BRZU. At a 0.31 correlation, their price movements are largely independent. OILU charges 0.95%/yr vs 1.29%/yr for BRZU.

Performance

OILU vs. BRZU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Direxion Daily Brazil Bull 2X Shares (BRZU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILU achieves a 80.85% return, which is significantly higher than BRZU's 14.47% return.

OILU

• 1D: 2.31%
• 1M: -5.32%
• YTD: 80.85%
• 6M: 71.72%
• 1Y: 79.06%
• 3Y*: 6.45%
• 5Y*: —
• 10Y*: —

BRZU

• 1D: 1.74%
• 1M: -9.87%
• YTD: 14.47%
• 6M: 11.16%
• 1Y: 53.22%
• 3Y*: 6.31%
• 5Y*: -2.87%
• 10Y*: -15.10%

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

OILU vs. BRZU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	80.85%	-16.50%	-21.65%	-32.50%	151.08%	-16.79%
BRZU Direxion Daily Brazil Bull 2X Shares	14.47%	97.99%	-57.07%	55.48%	8.30%	0.59%

Correlation

The correlation between OILU and BRZU is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021	0.31

Over the past year, the correlation between OILU and BRZU has dropped to 0.05 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

OILU vs. BRZU - Sectors Allocation Comparison

Sectors	OILU	BRZU
Energy	100.0%	18.7%
Basic Materials	-	13.7%
Communication Services	-	2.2%
Consumer Cyclical	-	1.5%
Consumer Defensive	-	4.2%
Financial Services	-	32.7%
Healthcare	-	2.4%
Industrials	-	10.9%
Real Estate	-	-
Technology	-	0.9%
Utilities	-	12.8%

Return for Risk

OILU vs. BRZU — Risk / Return Rank

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

OILU

OILU Risk / Return Rank: 42
OILU Sharpe Ratio Rank: 41
OILU Sortino Ratio Rank: 38
OILU Omega Ratio Rank: 36
OILU Calmar Ratio Rank: 54
OILU Martin Ratio Rank: 40

BRZU

BRZU Risk / Return Rank: 34
BRZU Sharpe Ratio Rank: 33
BRZU Sortino Ratio Rank: 33
BRZU Omega Ratio Rank: 34
BRZU Calmar Ratio Rank: 34
BRZU Martin Ratio Rank: 34

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.

OILU vs. BRZU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Direxion Daily Brazil Bull 2X Shares (BRZU). 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.

	OILU	BRZU	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.07	+0.20
Sortino ratio: Return per unit of downside risk	1.78	1.59	+0.19
Omega ratio: Gain probability vs. loss probability	1.22	1.20	+0.01
Calmar ratio: Return relative to maximum drawdown	2.37	1.49	+0.89
Martin ratio: Return relative to average drawdown	5.62	4.43	+1.19

OILU vs. BRZU - Sharpe Ratio Comparison

The current OILU Sharpe Ratio is 1.27, which is comparable to the BRZU Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of OILU and BRZU, 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

OILU vs. BRZU - Drawdown Comparison

The maximum OILU drawdown since its inception was -81.00%, smaller than the maximum BRZU drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for OILU and BRZU.

Drawdown Indicators

	OILU	BRZU	Difference
Max Drawdown Largest peak-to-trough decline	-81.00%	-99.71%	+18.71%
Max Drawdown (1Y) Largest decline over 1 year	-33.51%	-35.97%	+2.46%
Max Drawdown (3Y) Largest decline over 3 years	-69.09%	-58.25%	-10.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-65.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.11%	—
Current Drawdown Current decline from peak	-51.36%	-99.18%	+47.82%
Average Drawdown Average peak-to-trough decline	-50.54%	-89.55%	+39.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.12%	12.06%	+2.06%

Volatility

OILU vs. BRZU - Volatility Comparison

MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 21.88% compared to Direxion Daily Brazil Bull 2X Shares (BRZU) at 14.76%. This indicates that OILU's price experiences larger fluctuations and is considered to be riskier than BRZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILU	BRZU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.88%	14.76%	+7.12%
Volatility (6M) Calculated over the trailing 6-month period	50.72%	39.95%	+10.77%
Volatility (1Y) Calculated over the trailing 1-year period	62.50%	50.10%	+12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.07%	55.45%	+25.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.07%	82.91%	-1.84%

OILU vs. BRZU - Expense Ratio Comparison

OILU has a 0.95% expense ratio, which is lower than BRZU's 1.29% expense ratio.

Dividends

OILU vs. BRZU - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRZU Direxion Daily Brazil Bull 2X Shares	2.33%	2.39%	8.73%	3.24%	4.70%	6.29%	0.78%	0.95%	1.04%	0.74%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILU and BRZU in my portfolio?

OILU and BRZU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILU or BRZU?

OILU has higher volatility (21.88%) compared to BRZU (14.76%). In terms of maximum drawdown, OILU dropped -81.00% vs BRZU's -99.71%.

Which ETF is better, OILU or BRZU?

On 3-year performance, OILU leads with 6.45% vs 6.31% for BRZU. On fees, OILU is cheaper at 0.95% per year. On volatility, BRZU has been the lower-risk option at 14.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILU or BRZU?

Over the 3-year period, OILU has performed better with a 6.45% return vs 6.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILU or BRZU?

OILU is cheaper with a 0.95% expense ratio, compared with 1.29% for BRZU.

Which ETF pays a higher dividend yield, OILU or BRZU?

BRZU has the higher dividend yield at 2.33%, compared with 0.00% for OILU.

What is the main difference between OILU and BRZU?

OILU is categorized as Leveraged Commodities, while BRZU is Leveraged Equities. They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for OILU and 1.29% for BRZU.

Which has better risk-adjusted returns?

OILU currently has the higher Sharpe Ratio (1.27 vs 1.07), 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.