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NRGD ETF — MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs
MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs (NRGD)
Updated October 16, 2026.
NRGD is an ETF. its expense ratio is 0.35%. Total return is -91.8% over the past 1.7 years, 119.3 points behind SPY at 27.5%.
MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs are exchange-traded notes issued by Bank of Montreal that provide three times leveraged inverse exposure to the performance of large oil companies, with daily compounding and a daily investor fee. The ETNs do not distribute income and carry an expense ratio of 0.35%. These notes appeal to traders and investors seeking to profit from declines in oil sector equities through leveraged short exposure, rather than to income-focused investors.
NRGD holdings and sector exposure
Holdings are not available for this snapshot.
NRGD performance versus SPY
Price and return data through 2026-10-16.
Total return is -91.8% over the past 1.7 years, 119.3 points behind SPY at 27.5%. Over the past year its total return — price change plus distributions reinvested — is -89.6%. Its deepest 1-year drawdown was 89.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -24.3% | — |
| 3M | -57.2% | — |
| 6M | -68.6% | — |
| YTD | -87.8% | — |
| 1Y | -89.6% | — |
| Since inception (1.7 years) | -91.8% | -77.90% |
NRGD key facts
- Issuer
- REX Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 02/20/2025
- Expense ratio
- 0.35%
- Distribution frequency
- None
- Last close
- $9.84 (as of 2026-10-16)
- AUM
- $11,451,928
- Average volume
- 68075.0
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: REX Shares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
NRGD risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 89.6%.
Who may consider NRGD — and who may not
It is a weaker fit for investors who need monthly cash flow (NRGD does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on NRGD
Frequently asked questions
Does NRGD pay monthly?
No. NRGD does not currently distribute.
What is NRGD's expense ratio?
NRGD's expense ratio is 0.35%.
When does NRGD pay a dividend?
NRGD does not currently distribute.
How has NRGD performed?
Total return is -91.8% over the past 1.7 years, 119.3 points behind SPY at 27.5%. Over the past year its total return — price change plus distributions reinvested — is -89.6%. Its deepest 1-year drawdown was 89.6%.
More securities from REX Shares.
Tickers
Holdings as-of date unavailable.
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