SIJ vs. NRGU
SIJ (ProShares UltraShort Industrials) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds - SIJ tracks the DJ Global United States (All) / Industrials -IND (-200%) while NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%). Both are passively managed. Over the past year, SIJ returned -31.23% vs 156.99% for NRGU. At a correlation of -0.18, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
SIJ vs. NRGU - Performance Comparison
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Returns By Period
In the year-to-date period, SIJ achieves a -21.28% return, which is significantly lower than NRGU's 129.31% return.
SIJ
- 1D
- -0.08%
- 1M
- -3.55%
- YTD
- -21.28%
- 6M
- -22.55%
- 1Y
- -31.23%
- 3Y*
- -29.54%
- 5Y*
- -18.51%
- 10Y*
- -27.77%
NRGU
- 1D
- 2.53%
- 1M
- -6.67%
- YTD
- 129.31%
- 6M
- 97.01%
- 1Y
- 156.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIJ vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SIJ ProShares UltraShort Industrials | -21.28% | -23.34% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 129.31% | -33.00% |
Correlation
The correlation between SIJ 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 | -0.18 |
The correlation between SIJ and NRGU shifts across timeframes, from -0.18 (all time) to -0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIJ vs. NRGU — Risk / Return Rank
SIJ
NRGU
SIJ vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) 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.
| SIJ | NRGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.30 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 3.95 | -4.84 |
| Martin ratioReturn relative to average drawdown | -1.50 | 9.88 | -11.39 |
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
| SIJ | NRGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 2.11 | -3.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | 0.45 | -1.07 |
Drawdowns
SIJ vs. NRGU - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for SIJ and NRGU.
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Drawdown Indicators
| SIJ | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -57.50% | -42.43% |
Max Drawdown (1Y)Largest decline over 1 year | -35.40% | -39.95% | +4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.54% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | -20.91% | -79.01% |
Average DrawdownAverage peak-to-trough decline | -86.74% | -25.42% | -61.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.81% | 15.96% | +4.85% |
Volatility
SIJ vs. NRGU - Volatility Comparison
The current volatility for ProShares UltraShort Industrials (SIJ) is 10.18%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.63%. This indicates that SIJ 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
| SIJ | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 31.63% | -21.45% |
Volatility (6M)Calculated over the trailing 6-month period | 26.39% | 61.27% | -34.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.52% | 75.15% | -43.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.84% | 89.15% | -53.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.62% | 89.15% | -49.53% |
SIJ vs. NRGU - Expense Ratio Comparison
Both SIJ and NRGU have an expense ratio of 0.95%.
Dividends
SIJ vs. NRGU - Dividend Comparison
SIJ's dividend yield for the trailing twelve months is around 5.75%, while NRGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SIJ ProShares UltraShort Industrials | 5.75% | 5.38% | 5.99% | 4.90% | 0.00% | 0.00% | 0.00% | 1.49% | 0.39% |
Frequently Asked Questions
SIJ 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 SIJ (10.18%). In terms of maximum drawdown, SIJ dropped -99.93% vs NRGU's -57.50%.
On 1-year performance, NRGU leads with 156.99% vs -31.23% for SIJ. Both ETFs have the same 0.95% expense ratio. On volatility, SIJ has been the lower-risk option at 10.18%. 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 -31.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIJ and NRGU have the same expense ratio: 0.95% per year.
SIJ has the higher dividend yield at 5.75%, compared with 0.00% for NRGU.
SIJ tracks DJ Global United States (All) / Industrials -IND (-200%), while NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%). They also come from different issuers: ProShares and BMO.
NRGU currently has the higher Sharpe Ratio (2.11 vs -1.00), 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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