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ETFs

MicroSectors US Big Oil 3x Leveraged ETN

NRGU
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Today’s Change
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Snapshot
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Inception Date
Apr 10 2019
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$24,070,924
AUM
$1,817,038,101
Associated Index
Solactive MicroSectors U.S. Big Oil Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with NRGU

What is NRGU?

The return on the MicroSectors U.S. Big Oil Index 3X Leveraged ETNs (3X ETNs) is linked to a three times leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide levered exposure to the Solactive MicroSectors U.S. Big Oil Index. The Solactive MicroSectors U.S. Big Oil Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. energy and oil companies. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .

ETFs related toNRGU

ETFs correlated to NRGU include OILU, ERX, XLE

NRGU
Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
DIG
ProShares Trust - ProShares Ultra Energy
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toNRGU

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Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

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Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NRGU using Composer

FAQ

NRGU is a US Equities ETF. The return on the MicroSectors U.S. Big Oil Index 3X Leveraged ETNs (3X ETNs) is linked to a three times leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide levered exposure to the Solactive MicroSectors U.S. Big Oil Index. The Solactive MicroSectors U.S. Big Oil Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. energy and oil companies. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .

NRGU tracks the Solactive MicroSectors U.S. Big Oil Index.

No, NRGU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, NRGU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NRGU is 0.1386%. This is the percent change in the value of NRGU over the most recent 1-month period. The 3-month return on NRGU is 0.5961%. This is the percent change in the value of NRGU over the most recent 3-month period.

The standard deviation of NRGU for the past year is 0.8744%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NRGU include SSO, QID, and SDS.

ETFs correlated to NRGU include OILU, ERX, and XLE.

ETFs that are inversely correlated to NRGU include NRGD, OILD, and ERY.

Yes, NRGU is a Leveraged (3x) ETF: This means that NRGU will try to match the performance of Solactive MicroSectors U.S. Big Oil Index, but with 3x the returns.

Yes, NRGU is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Solactive MicroSectors U.S. Big Oil Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.