OILU vs. NRGU

Last updated Apr 2, 2026

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. It was launched on Mar 24, 2017. 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

OILU vs. NRGU - 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 MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

OILU vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	112.51%	-30.65%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%

Returns By Period

In the year-to-date period, OILU achieves a 112.51% return, which is significantly lower than NRGU's 139.49% return.

OILU

• 1D: -10.60%
• 1M: 12.27%
• YTD: 112.51%
• 6M: 100.08%
• 1Y: 45.27%
• 3Y*: 7.13%
• 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)

OILU vs. NRGU - Expense Ratio Comparison

Both OILU and NRGU have an expense ratio of 0.95%.

OILU

MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN

NRGU

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

Return for Risk

OILU vs. NRGU — Risk / Return Rank

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

OILU

OILU Risk / Return Rank: 34
OILU Sharpe Ratio Rank: 30
OILU Sortino Ratio Rank: 40
OILU Omega Ratio Rank: 42
OILU Calmar Ratio Rank: 34
OILU Martin Ratio Rank: 23

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.

OILU vs. NRGU - 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 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.

	OILU	NRGU	Difference
Sharpe ratio Return per unit of total volatility	0.59	0.79	-0.20
Sortino ratio Return per unit of downside risk	1.19	1.48	-0.29
Omega ratio Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	0.91	1.29	-0.38
Martin ratio Return relative to average drawdown	1.54	2.64	-1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OILU vs. NRGU - Sharpe Ratio Comparison

The current OILU Sharpe Ratio is 0.59, which is comparable to the NRGU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of OILU 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

	OILU	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	0.79	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.61	-0.41

Correlation

The correlation between OILU and NRGU is 0.95, 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

OILU vs. NRGU - Dividend Comparison

Neither OILU nor NRGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

OILU vs. NRGU - Drawdown Comparison

The maximum OILU drawdown since its inception was -81.00%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for OILU and NRGU.

Drawdown Indicators

	OILU	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-81.00%	-57.50%	-23.50%
Max Drawdown (1Y) Largest decline over 1 year	-52.04%	-55.24%	+3.20%
Current Drawdown Current decline from peak	-42.85%	-17.40%	-25.45%
Average Drawdown Average peak-to-trough decline	-50.72%	-25.38%	-25.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.74%	27.12%	+3.62%

Volatility

OILU vs. NRGU - Volatility Comparison

The current volatility for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) is 19.90%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 23.31%. 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.

Volatility by Period

	OILU	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.90%	23.31%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	43.84%	50.27%	-6.43%
Volatility (1Y) Calculated over the trailing 1-year period	77.03%	88.18%	-11.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.31%	87.12%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.31%	87.12%	-5.81%