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. Both are passively managed. Over the past year, SIJ returned -31.00% vs 166.43% for NRGU. Their -0.10 correlation means they have often moved in opposite directions in the past. 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 -26.79% return, which is significantly lower than NRGU's 157.14% return.
SIJ
- 1D
- -1.40%
- 1M
- 4.49%
- 6M
- -16.96%
- YTD
- -26.79%
- 1Y
- -31.00%
- 3Y*
- -27.06%
- 5Y*
- -19.36%
- 10Y*
- -27.63%
- ALL TIME*
- -27.10%
NRGU
- 1D
- 2.86%
- 1M
- 51.26%
- 6M
- 91.25%
- YTD
- 157.14%
- 1Y
- 166.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 50.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.57M | $4.13M | $3.95M | |
| $39.22K | $34.14K | $85.27K |
SIJ vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SIJ ProShares UltraShort Industrials | -26.79% | -22.31% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 157.14% | -30.00% |
Correlation
The correlation between SIJ and NRGU is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.10 |
The correlation between SIJ and NRGU shifts across timeframes, from -0.10 (all time) to 0.04 (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SIJ | NRGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.29 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.38 | -4.16 |
| Martin ratioReturn relative to average drawdown | -1.39 | 7.59 | -8.98 |
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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 | -37.53% | -43.89% | +6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -72.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.42% | — | — |
Current DrawdownCurrent decline from peak | -99.93% | -11.31% | -88.62% |
Average DrawdownAverage peak-to-trough decline | -86.83% | -25.74% | -61.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.00% | 19.55% | +1.45% |
Volatility
SIJ vs. NRGU - Volatility Comparison
The current volatility for ProShares UltraShort Industrials (SIJ) is 9.46%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 22.83%. 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 | 9.46% | 22.83% | -13.37% |
Volatility (6M)Calculated over the trailing 6-month period | 28.66% | 64.33% | -35.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.56% | 77.39% | -42.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.27% | 88.47% | -52.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.73% | 88.47% | -48.74% |
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 4.81%, 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 | 4.81% | 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 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (22.83%) compared to SIJ (9.46%). In terms of maximum drawdown, SIJ dropped -99.93% vs NRGU's -57.50%.
On 1-year performance, NRGU leads with 166.43% vs -31.00% for SIJ. Both ETFs have the same 0.95% expense ratio. On volatility, SIJ has been the lower-risk option at 9.46%. 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 166.43% return vs -31.00%. 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 4.81%, 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. They also come from different issuers: ProShares and BMO.
NRGU currently has the higher Sharpe Ratio (1.92 vs -0.85), 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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