OILU vs. NRGU
Compare and contrast key facts about MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).
OILU and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILU is managed by BMO Financial Group. It was launched on Mar 24, 2017. NRGU is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILU or NRGU.
Key characteristics
| OILU | NRGU | |
|---|---|---|
| YTD Return | 29.55% | 39.13% |
| 1Y Return | 37.93% | 77.44% |
| Sharpe Ratio | 0.58 | 1.26 |
| Daily Std Dev | 56.52% | 57.86% |
| Max Drawdown | -65.54% | -98.18% |
| Current Drawdown | -46.75% | -52.16% |
Correlation
The correlation between OILU and NRGU is 0.97, 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.
Performance
OILU vs. NRGU - Performance Comparison
In the year-to-date period, OILU achieves a 29.55% return, which is significantly lower than NRGU's 39.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OILU vs. NRGU - Expense Ratio Comparison
Both OILU and NRGU have an expense ratio of 0.95%.
Risk-Adjusted Performance
OILU vs. NRGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) 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.
Dividends
OILU vs. NRGU - Dividend Comparison
Neither OILU nor NRGU has paid dividends to shareholders.
Drawdowns
OILU vs. NRGU - Drawdown Comparison
The maximum OILU drawdown since its inception was -65.54%, smaller than the maximum NRGU drawdown of -98.18%. Use the drawdown chart below to compare losses from any high point for OILU and NRGU. For additional features, visit the drawdowns tool.
Volatility
OILU vs. NRGU - Volatility Comparison
The current volatility for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) is 14.82%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 15.96%. This indicates that OILU 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.