RAVI vs. NRGU
RAVI (FlexShares Ultra-Short Income ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - RAVI is a Ultrashort Bond fund actively managed by FlexShares, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). RAVI is actively managed, while NRGU is passively managed. Over the past year, RAVI returned 4.45% vs 171.19% for NRGU. At a correlation of -0.17, they often move in opposite directions. RAVI charges 0.25%/yr vs 0.95%/yr for NRGU.
Performance
RAVI vs. NRGU - Performance Comparison
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Returns By Period
In the year-to-date period, RAVI achieves a 1.52% return, which is significantly lower than NRGU's 125.94% return.
RAVI
- 1D
- -0.00%
- 1M
- 0.35%
- YTD
- 1.52%
- 6M
- 1.92%
- 1Y
- 4.45%
- 3Y*
- 5.20%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
NRGU
- 1D
- -1.47%
- 1M
- -6.46%
- YTD
- 125.94%
- 6M
- 93.16%
- 1Y
- 171.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAVI vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 1.52% | 4.21% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 125.94% | -33.00% |
Correlation
The correlation between RAVI and NRGU is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | -0.17 |
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Return for Risk
RAVI vs. NRGU — Risk / Return Rank
RAVI
NRGU
RAVI vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) 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.
| RAVI | NRGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.60 | ||
| Sortino ratioReturn per unit of downside risk | +20.87 | ||
| Omega ratioGain probability vs. loss probability | 5.33 | 1.32 | +4.00 |
| Calmar ratioReturn relative to maximum drawdown | 38.26 | 4.31 | +33.95 |
| Martin ratioReturn relative to average drawdown | 229.11 | 10.74 | +218.37 |
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
| RAVI | NRGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.91 | 2.31 | +8.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 0.43 | +1.60 |
Drawdowns
RAVI vs. NRGU - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for RAVI and NRGU.
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Drawdown Indicators
| RAVI | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -57.50% | +53.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -39.95% | +39.83% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -3.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.72% | — | — |
Current DrawdownCurrent decline from peak | -0.00% | -22.07% | +22.07% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -25.41% | +25.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 16.01% | -15.99% |
Volatility
RAVI vs. NRGU - Volatility Comparison
The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.15%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.62%. This indicates that RAVI 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.
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Volatility by Period
| RAVI | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 31.62% | -31.47% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 61.19% | -60.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 75.02% | -74.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 89.03% | -87.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 89.03% | -87.75% |
RAVI vs. NRGU - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is lower than NRGU's 0.95% expense ratio.
Dividends
RAVI vs. NRGU - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.38%, while NRGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.38% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
RAVI and NRGU have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (31.62%) compared to RAVI (0.15%). In terms of maximum drawdown, RAVI dropped -3.72% vs NRGU's -57.50%.
On 1-year performance, NRGU leads with 171.19% vs 4.45% for RAVI. On fees, RAVI is cheaper at 0.25% per year. On volatility, RAVI has been the lower-risk option at 0.15%. 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 171.19% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 0.95% for NRGU.
RAVI has the higher dividend yield at 4.38%, compared with 0.00% for NRGU.
RAVI is categorized as Ultrashort Bond, while NRGU is Leveraged Equities. They also come from different issuers: FlexShares and BMO. Their fees differ too: 0.25% for RAVI and 0.95% for NRGU.
RAVI currently has the higher Sharpe Ratio (10.90 vs 2.31), 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.
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