TMV vs. NRGU
Compare and contrast key facts about Direxion Daily 20-Year Treasury Bear 3X (TMV) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).
TMV and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMV is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (-300%). It was launched on Apr 16, 2009. NRGU is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. Both TMV and NRGU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMV or NRGU.
Key characteristics
| TMV | NRGU | |
|---|---|---|
| YTD Return | 37.69% | 32.85% |
| 1Y Return | 56.18% | 61.48% |
| 3Y Return (Ann) | 31.07% | 61.17% |
| 5Y Return (Ann) | 0.43% | -11.78% |
| Sharpe Ratio | 0.90 | 0.70 |
| Daily Std Dev | 49.92% | 60.09% |
| Max Drawdown | -99.06% | -98.18% |
| Current Drawdown | -96.40% | -54.32% |
Correlation
The correlation between TMV and NRGU is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TMV vs. NRGU - Performance Comparison
In the year-to-date period, TMV achieves a 37.69% return, which is significantly higher than NRGU's 32.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TMV vs. NRGU - Expense Ratio Comparison
TMV has a 1.04% expense ratio, which is higher than NRGU's 0.95% expense ratio.
Risk-Adjusted Performance
TMV vs. NRGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bear 3X (TMV) 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.
Dividends
TMV vs. NRGU - Dividend Comparison
TMV's dividend yield for the trailing twelve months is around 3.33%, while NRGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TMV Direxion Daily 20-Year Treasury Bear 3X | 3.33% | 3.87% | 0.00% | 0.00% | 0.52% | 2.25% | 0.89% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TMV vs. NRGU - Drawdown Comparison
The maximum TMV drawdown since its inception was -99.06%, roughly equal to the maximum NRGU drawdown of -98.18%. Use the drawdown chart below to compare losses from any high point for TMV and NRGU. For additional features, visit the drawdowns tool.
Volatility
TMV vs. NRGU - Volatility Comparison
The current volatility for Direxion Daily 20-Year Treasury Bear 3X (TMV) is 11.82%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 16.16%. This indicates that TMV 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.