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ETFs

MicroSectors US Big Oil -3x Inverse Leveraged ETN

NRGD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 10 2019
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$11,426,501
AUM
$109,065,390
Associated Index
Solactive MicroSectors U.S. Big Oil Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with NRGD

What is NRGD?

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 toNRGD

ETFs correlated to NRGD include OILD, ERY, DUG

NRGD
Bank of Montreal - MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs
OILD
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged
ERY
Direxion Shares ETF Trust - Direxion Daily Energy Bear -2X Shares
DUG
ProShares Trust - ProShares UltraShort Energy
DRIP
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
SCO
ProShares Trust - ProShares UltraShort Bloomberg Crude Oil -2x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares

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 toNRGD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NRGD using Composer

FAQ

NRGD 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 .

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

No, NRGD 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, NRGD 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 NRGD is -0.1387%. This is the percent change in the value of NRGD over the most recent 1-month period. The 3-month return on NRGD is -0.4168%. This is the percent change in the value of NRGD over the most recent 3-month period.

The standard deviation of NRGD for the past year is 0.8714%. 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 NRGD include SSO, QID, and SDS.

ETFs correlated to NRGD include OILD, ERY, and DUG.

ETFs that are inversely correlated to NRGD include NRGU, OILU, and XLE.

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

Yes, NRGD is a Inverse (-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.