TPOR vs. NRGU

Last updated Aug 6, 2026

TPOR (Direxion Daily Transportation Bull 3X Shares) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds - TPOR tracks the Dow Jones Transportation Average Index (300%) while NRGU tracks the Solactive MicroSectors U.S. Big Oil Index. Both are passively managed. Over the past year, TPOR returned 68.82% vs 116.40% for NRGU. Their 0.10 correlation means their historical movements had little consistent relationship. TPOR charges 1.01%/yr vs 0.95%/yr for NRGU.

Performance

TPOR vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Transportation Bull 3X Shares (TPOR) 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, TPOR achieves a 38.91% return, which is significantly lower than NRGU's 113.43% return.

TPOR

• 1D: -3.82%
• 1M: -3.84%
• 6M: 10.80%
• YTD: 38.91%
• 1Y: 68.82%
• 3Y*: 8.66%
• 5Y*: 3.05%
• 10Y*: —
• ALL TIME*: 7.51%

NRGU

• 1D: -9.74%
• 1M: 26.70%
• 6M: 38.13%
• YTD: 113.43%
• 1Y: 116.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	$4.51M	$4.31M	$3.75M
TPOR Direxion Daily Transportation Bull 3X Shares	$1.07M	$961.32K	$916.52K

TPOR vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
TPOR Direxion Daily Transportation Bull 3X Shares	38.91%	-14.42%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	113.43%	-30.00%

Correlation

The correlation between TPOR and NRGU is -0.09, 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.	-0.09
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.10

The correlation between TPOR and NRGU shifts across timeframes, from -0.09 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

TPOR vs. NRGU - Sectors Allocation Comparison

Sectors	TPOR	NRGU
Industrials	84.9%	-
Technology	15.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TPOR vs. NRGU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TPOR

TPOR Risk / Return Rank: 44
TPOR Sharpe Ratio Rank: 41
TPOR Sortino Ratio Rank: 42
TPOR Omega Ratio Rank: 40
TPOR Calmar Ratio Rank: 50
TPOR Martin Ratio Rank: 48

NRGU

NRGU Risk / Return Rank: 53
NRGU Sharpe Ratio Rank: 53
NRGU Sortino Ratio Rank: 50
NRGU Omega Ratio Rank: 47
NRGU Calmar Ratio Rank: 67
NRGU Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TPOR vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.

	TPOR	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.50	-0.34
Sortino ratio: Return per unit of downside risk	1.77	2.03	-0.26
Omega ratio: Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio: Return relative to maximum drawdown	2.03	2.67	-0.63
Martin ratio: Return relative to average drawdown	6.22	5.95	+0.27

TPOR vs. NRGU - Sharpe Ratio Comparison

The current TPOR Sharpe Ratio is 1.17, which is comparable to the NRGU Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of TPOR and NRGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPOR vs. NRGU - Drawdown Comparison

The maximum TPOR drawdown since its inception was -87.59%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for TPOR and NRGU.

Drawdown Indicators

	TPOR	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-87.59%	-57.50%	-30.09%
Max Drawdown (1Y) Largest decline over 1 year	-34.00%	-43.89%	+9.89%
Max Drawdown (3Y) Largest decline over 3 years	-64.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.08%	—	—
Current Drawdown Current decline from peak	-25.96%	-26.39%	+0.43%
Average Drawdown Average peak-to-trough decline	-38.44%	-25.70%	-12.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.10%	19.64%	-8.54%

Volatility

TPOR vs. NRGU - Volatility Comparison

The current volatility for Direxion Daily Transportation Bull 3X Shares (TPOR) is 15.73%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 26.36%. This indicates that TPOR 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.

Volatility by Period

	TPOR	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.73%	26.36%	-10.63%
Volatility (6M) Calculated over the trailing 6-month period	46.69%	64.51%	-17.82%
Volatility (1Y) Calculated over the trailing 1-year period	59.37%	77.95%	-18.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.88%	88.71%	-20.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.75%	88.71%	-17.96%

TPOR vs. NRGU - Expense Ratio Comparison

TPOR has a 1.01% expense ratio, which is higher than NRGU's 0.95% expense ratio.

Dividends

TPOR vs. NRGU - Dividend Comparison

TPOR's dividend yield for the trailing twelve months is around 0.54%, while NRGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%
TPOR Direxion Daily Transportation Bull 3X Shares	0.54%	0.91%	1.43%	1.51%	0.00%	0.00%	0.10%	0.96%	1.22%	8.70%

Frequently Asked Questions

Can I hold both TPOR and NRGU in my portfolio?

TPOR 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 is riskier, TPOR or NRGU?

NRGU has higher volatility (26.36%) compared to TPOR (15.73%). In terms of maximum drawdown, TPOR dropped -87.59% vs NRGU's -57.50%.

Which ETF is better, TPOR or NRGU?

On 1-year performance, NRGU leads with 116.40% vs 68.82% for TPOR. On fees, NRGU is cheaper at 0.95% per year. On volatility, TPOR has been the lower-risk option at 15.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPOR or NRGU?

Over the 1-year period, NRGU has performed better with a 116.40% return vs 68.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPOR or NRGU?

NRGU is cheaper with a 0.95% expense ratio, compared with 1.01% for TPOR.

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

TPOR has the higher dividend yield at 0.54%, compared with 0.00% for NRGU.

What is the main difference between TPOR and NRGU?

TPOR tracks Dow Jones Transportation Average Index (300%), while NRGU tracks Solactive MicroSectors U.S. Big Oil Index. They also come from different issuers: Direxion and BMO. Their fees differ too: 1.01% for TPOR and 0.95% for NRGU.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (1.50 vs 1.17), 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.