OOQB vs. NRGU
OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - OOQB is a Nasdaq-100 fund actively managed by Volatility Shares, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). OOQB is actively managed, while NRGU is passively managed. Over the past year, OOQB returned -27.35% vs 156.99% for NRGU. At a 0.14 correlation, their price movements are largely independent. OOQB charges 0.75%/yr vs 0.95%/yr for NRGU.
Performance
OOQB vs. NRGU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OOQB achieves a -18.43% return, which is significantly lower than NRGU's 129.31% return.
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGU
- 1D
- 2.53%
- 1M
- -6.67%
- YTD
- 129.31%
- 6M
- 97.01%
- 1Y
- 156.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOQB vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -14.91% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 129.31% | -33.00% |
Correlation
The correlation between OOQB and NRGU is 0.03, 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 | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.14 |
The correlation between OOQB and NRGU shifts across timeframes, from 0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OOQB vs. NRGU — Risk / Return Rank
OOQB
NRGU
OOQB vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) 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.
| OOQB | NRGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 3.95 | -4.47 |
| Martin ratioReturn relative to average drawdown | -0.91 | 9.88 | -10.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| OOQB | NRGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | 2.11 | -2.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.45 | -0.86 |
Drawdowns
OOQB vs. NRGU - Drawdown Comparison
The maximum OOQB drawdown since its inception was -53.44%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for OOQB and NRGU.
Loading charts...
Drawdown Indicators
| OOQB | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.44% | -57.50% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -53.44% | -39.95% | -13.49% |
Current DrawdownCurrent decline from peak | -43.69% | -20.91% | -22.78% |
Average DrawdownAverage peak-to-trough decline | -23.26% | -25.42% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.11% | 15.96% | +14.15% |
Volatility
OOQB vs. NRGU - Volatility Comparison
The current volatility for Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) is 0.00%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.63%. This indicates that OOQB 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.
Loading charts...
Volatility by Period
| OOQB | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 31.63% | -31.63% |
Volatility (6M)Calculated over the trailing 6-month period | 39.39% | 61.27% | -21.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.57% | 75.15% | -23.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.12% | 89.15% | -31.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.12% | 89.15% | -31.03% |
OOQB vs. NRGU - Expense Ratio Comparison
OOQB has a 0.75% expense ratio, which is lower than NRGU's 0.95% expense ratio.
Dividends
OOQB vs. NRGU - Dividend Comparison
OOQB's dividend yield for the trailing twelve months is around 11.62%, while NRGU has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% |
Frequently Asked Questions
OOQB and NRGU have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (31.63%) compared to OOQB (0.00%). In terms of maximum drawdown, OOQB dropped -53.44% vs NRGU's -57.50%.
On 1-year performance, NRGU leads with 156.99% vs -27.35% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NRGU has performed better with a 156.99% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OOQB is cheaper with a 0.75% expense ratio, compared with 0.95% for NRGU.
OOQB has the higher dividend yield at 11.62%, compared with 0.00% for NRGU.
OOQB is categorized as Nasdaq-100, while NRGU is Leveraged Equities. They also come from different issuers: Volatility Shares and BMO. Their fees differ too: 0.75% for OOQB and 0.95% for NRGU.
NRGU currently has the higher Sharpe Ratio (2.11 vs -0.53), 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.
Find the right allocation for OOQB and NRGU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer