NRGU ETF — Microsectors U.S. Big Oil 3x Leveraged ETNs

Microsectors U.S. Big Oil 3x Leveraged ETNs (NRGU)

Updated October 16, 2026.

NRGU is an ETF. its expense ratio is 0.35%. Total return is 181.2% over the past 1.7 years, 153.7 points ahead of SPY at 27.5%.

Microsectors U.S. Big Oil 3x Leveraged ETNs are exchange-traded notes issued by Bank of Montreal that provide three times leveraged inverse exposure to large-cap U.S. oil companies, compounded daily. The ETNs do not make distributions, have a modest expense ratio of 0.35%, and carry a small asset base. This product appeals to experienced investors seeking short-term bearish exposure to major oil producers, though leverage amplifies both gains and losses on a daily basis.

NRGU performance versus SPY

Price and return data through 2026-10-16.

Total return is 181.2% over the past 1.7 years, 153.7 points ahead of SPY at 27.5%. Over the past year its total return — price change plus distributions reinvested — is 339.9%. Its deepest 1-year drawdown was 43.9%.

NRGU 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

$73.45 (as of 2026-10-16)

AUM

$96,216,232

Average volume

41800.0

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.

NRGU risks and drawbacks

The deepest 1-year drawdown on record here is 43.9%.

Who may consider NRGU — and who may not

It is a weaker fit for investors who need monthly cash flow (NRGU does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on NRGU

• All tickers starting with N

Tagged: Leverage.

Frequently asked questions

More securities from REX Shares.