UYG vs. NRGU

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Financials (UYG) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).

UYG and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (200%). It was launched on Jan 30, 2007. NRGU is a passively managed fund by BMO that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. Both UYG 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.

Performance

UYG vs. NRGU - Performance Comparison

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

UYG vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
UYG ProShares Ultra Financials	-19.81%	7.25%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%

Returns By Period

In the year-to-date period, UYG achieves a -19.81% return, which is significantly lower than NRGU's 139.49% return.

UYG

• 1D: -0.02%
• 1M: -7.05%
• YTD: -19.81%
• 6M: -16.54%
• 1Y: -7.79%
• 3Y*: 25.32%
• 5Y*: 11.21%
• 10Y*: 16.07%

NRGU

• 1D: -10.75%
• 1M: 24.81%
• YTD: 139.49%
• 6M: 107.68%
• 1Y: 69.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UYG vs. NRGU - Expense Ratio Comparison

Both UYG and NRGU have an expense ratio of 0.95%.

UYG

ProShares Ultra Financials

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Return for Risk

UYG vs. NRGU — Risk / Return Rank

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

UYG

UYG Risk / Return Rank: 8
UYG Sharpe Ratio Rank: 8
UYG Sortino Ratio Rank: 9
UYG Omega Ratio Rank: 9
UYG Calmar Ratio Rank: 8
UYG Martin Ratio Rank: 5

NRGU

NRGU Risk / Return Rank: 45
NRGU Sharpe Ratio Rank: 40
NRGU Sortino Ratio Rank: 54
NRGU Omega Ratio Rank: 54
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 30

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.

UYG vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) 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.

	UYG	NRGU	Difference
Sharpe ratio Return per unit of total volatility	-0.20	0.79	-0.99
Sortino ratio Return per unit of downside risk	-0.02	1.48	-1.50
Omega ratio Gain probability vs. loss probability	1.00	1.21	-0.21
Calmar ratio Return relative to maximum drawdown	-0.28	1.29	-1.58
Martin ratio Return relative to average drawdown	-0.81	2.64	-3.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UYG vs. NRGU - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is -0.20, which is lower than the NRGU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of UYG and NRGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UYG	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	0.79	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.61	-0.62

Correlation

The correlation between UYG and NRGU is 0.22, 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.

Dividends

UYG vs. NRGU - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 14.57%, while NRGU has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UYG ProShares Ultra Financials	14.57%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%
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%	0.00%	0.00%

Drawdowns

UYG vs. NRGU - Drawdown Comparison

The maximum UYG drawdown since its inception was -97.90%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for UYG and NRGU.

Drawdown Indicators

	UYG	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-97.90%	-57.50%	-40.40%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-55.24%	+26.33%
Max Drawdown (5Y) Largest decline over 5 years	-47.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.98%	—	—
Current Drawdown Current decline from peak	-24.26%	-17.40%	-6.86%
Average Drawdown Average peak-to-trough decline	-63.77%	-25.38%	-38.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.20%	27.12%	-16.92%

Volatility

UYG vs. NRGU - Volatility Comparison

The current volatility for ProShares Ultra Financials (UYG) is 9.56%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 23.31%. This indicates that UYG 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

	UYG	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	23.31%	-13.75%
Volatility (6M) Calculated over the trailing 6-month period	23.03%	50.27%	-27.24%
Volatility (1Y) Calculated over the trailing 1-year period	38.60%	88.18%	-49.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.15%	87.12%	-50.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.07%	87.12%	-46.05%