SNDK vs. NRGU
SNDK (Sandisk Corporation) is a stock, while NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) is Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). Over the past year, SNDK returned 3311.70% vs 119.26% for NRGU. At a 0.05 correlation, their price movements are largely independent.
Performance
SNDK vs. NRGU - Performance Comparison
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Returns By Period
In the year-to-date period, SNDK achieves a 494.44% return, which is significantly higher than NRGU's 118.00% return.
SNDK
- 1D
- -12.63%
- 1M
- -29.15%
- 6M
- 244.81%
- YTD
- 494.44%
- 1Y
- 3,311.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGU
- 1D
- 3.84%
- 1M
- 18.77%
- 6M
- 86.19%
- YTD
- 118.00%
- 1Y
- 119.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNDK vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SNDK Sandisk Corporation | 494.44% | 356.50% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 118.00% | -27.54% |
Correlation
The correlation between SNDK and NRGU is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025 | 0.05 |
The correlation between SNDK and NRGU shifts across timeframes, from -0.06 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SNDK vs. NRGU — Risk / Return Rank
SNDK
NRGU
SNDK vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sandisk Corporation (SNDK) 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.
| SNDK | NRGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +29.32 | ||
| Sortino ratioReturn per unit of downside risk | +4.68 | ||
| Omega ratioGain probability vs. loss probability | 1.91 | 1.26 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 84.92 | 2.73 | +82.18 |
| Martin ratioReturn relative to average drawdown | 293.95 | 6.13 | +287.82 |
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Drawdowns
SNDK vs. NRGU - Drawdown Comparison
The maximum SNDK drawdown since its inception was -47.50%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for SNDK and NRGU.
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Drawdown Indicators
| SNDK | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -57.50% | +10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -39.57% | -43.89% | +4.32% |
Current DrawdownCurrent decline from peak | -39.57% | -24.81% | -14.76% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -26.06% | +12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.41% | 19.53% | -8.12% |
Volatility
SNDK vs. NRGU - Volatility Comparison
Sandisk Corporation (SNDK) has a higher volatility of 44.94% compared to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) at 23.48%. This indicates that SNDK's price experiences larger fluctuations and is considered to be riskier 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
| SNDK | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.94% | 23.48% | +21.46% |
Volatility (6M)Calculated over the trailing 6-month period | 77.82% | 63.97% | +13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.90% | 76.98% | +31.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.26% | 89.07% | +13.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.26% | 89.07% | +13.19% |
Dividends
SNDK vs. NRGU - Dividend Comparison
Neither SNDK nor NRGU has paid dividends to shareholders.
Frequently Asked Questions
SNDK and NRGU have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDK has higher volatility (44.94%) compared to NRGU (23.48%). In terms of maximum drawdown, SNDK dropped -47.50% vs NRGU's -57.50%.
SNDK currently has the higher Sharpe Ratio (30.88 vs 1.56), 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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