TCAI vs. NRGU

Last updated Jul 17, 2026

TCAI (Tortoise AI Infrastructure ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - TCAI is a Technology Equities fund actively managed by Tortoise, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). TCAI is actively managed, while NRGU is passively managed. At a correlation of -0.09, they often move in opposite directions. TCAI charges 0.65%/yr vs 0.95%/yr for NRGU.

Performance

TCAI vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 57.12% return, which is significantly lower than NRGU's 118.00% return.

TCAI

• 1D: -5.14%
• 1M: -14.48%
• 6M: 45.60%
• YTD: 57.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 3.84%
• 1M: 18.77%
• 6M: 86.19%
• YTD: 118.00%
• 1Y: 119.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCAI vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	57.12%	17.27%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	118.00%	1.98%

Correlation

The correlation between TCAI and NRGU is -0.09, 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 (All Time) Calculated using the full available price history since Aug 5, 2025	-0.09

TCAI vs. NRGU - Sectors Allocation Comparison

Sectors	TCAI	NRGU
Technology	43.0%	-
Industrials	24.3%	-
Utilities	14.0%	-
Financial Services	6.6%	-
Energy	4.3%	100.0%
Consumer Cyclical	2.0%	-
Communication Services	1.9%	-
Real Estate	0.6%	-
Basic Materials	-	-
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

TCAI vs. NRGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NRGU

NRGU Risk / Return Rank: 55
NRGU Sharpe Ratio Rank: 58
NRGU Sortino Ratio Rank: 52
NRGU Omega Ratio Rank: 50
NRGU Calmar Ratio Rank: 69
NRGU Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCAI vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) 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.

	TCAI	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.08	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.73	—
Martin ratio: Return relative to average drawdown	—	6.13	—

Drawdowns

TCAI vs. NRGU - Drawdown Comparison

The maximum TCAI drawdown since its inception was -19.97%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for TCAI and NRGU.

Drawdown Indicators

	TCAI	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-19.97%	-57.50%	+37.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.89%	—
Current Drawdown Current decline from peak	-19.97%	-24.81%	+4.84%
Average Drawdown Average peak-to-trough decline	-4.04%	-26.06%	+22.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.53%	—

Volatility

Volatility by Period

	TCAI	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	63.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	39.13%	76.98%	-37.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.13%	89.07%	-49.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.13%	89.07%	-49.94%

TCAI vs. NRGU - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is lower than NRGU's 0.95% expense ratio.

Dividends

TCAI vs. NRGU - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, 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%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both TCAI and NRGU in my portfolio?

TCAI and NRGU have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCAI or NRGU?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCAI or NRGU?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.95% for NRGU.

Which ETF pays a higher dividend yield, TCAI or NRGU?

TCAI has the higher dividend yield at 0.03%, compared with 0.00% for NRGU.

What is the main difference between TCAI and NRGU?

TCAI is categorized as Technology Equities, while NRGU is Leveraged Equities. They also come from different issuers: Tortoise and BMO. Their fees differ too: 0.65% for TCAI and 0.95% for NRGU.