TDAX vs. NRGU

Last updated Jun 4, 2026

TDAX (TDAQ Lift ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds. TDAX is actively managed, while NRGU is passively managed. At a correlation of -0.33, they often move in opposite directions. TDAX charges 0.98%/yr vs 0.95%/yr for NRGU.

Performance

TDAX vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) 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

TDAX

• 1D: -0.07%
• 1M: 13.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 2.53%
• 1M: -6.67%
• YTD: 129.31%
• 6M: 97.01%
• 1Y: 156.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAX vs. NRGU - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	122.57%

Correlation

The correlation between TDAX and NRGU is -0.33, 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 (All Time) Calculated using the full available price history since Jan 8, 2026	-0.33

Return for Risk

TDAX vs. NRGU — Risk / Return Rank

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

NRGU

NRGU Risk / Return Rank: 58
NRGU Sharpe Ratio Rank: 62
NRGU Sortino Ratio Rank: 48
NRGU Omega Ratio Rank: 48
NRGU Calmar Ratio Rank: 77
NRGU Martin Ratio Rank: 56

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.

TDAX vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.

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

Sharpe Ratios by Period

	TDAX	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	0.45	+2.20

Drawdowns

TDAX vs. NRGU - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for TDAX and NRGU.

Drawdown Indicators

	TDAX	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-57.50%	+42.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.95%	—
Current Drawdown Current decline from peak	-0.07%	-20.91%	+20.84%
Average Drawdown Average peak-to-trough decline	-3.71%	-25.42%	+21.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.96%	—

Volatility

Volatility by Period

	TDAX	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	75.15%	-51.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	89.15%	-65.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	89.15%	-65.44%

TDAX vs. NRGU - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than NRGU's 0.95% expense ratio.

Dividends

TDAX vs. NRGU - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 7.40%, while NRGU has not paid dividends to shareholders.

Position	TTM
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%
TDAX TDAQ Lift ETF	7.40%

Frequently Asked Questions

Can I hold both TDAX and NRGU in my portfolio?

TDAX and NRGU have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDAX or NRGU?

On fees, NRGU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAX or NRGU?

NRGU is cheaper with a 0.95% expense ratio, compared with 0.98% for TDAX.

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

TDAX has the higher dividend yield at 7.40%, compared with 0.00% for NRGU.

What is the main difference between TDAX and NRGU?

They also come from different issuers: TappAlpha and BMO. Their fees differ too: 0.98% for TDAX and 0.95% for NRGU.