NRGDMicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
NRGD Fund Description
The MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN tracks three times the inverse of the performance of an equal-weighted index of U.S. Oil & Gas Companies.
NRGD Factset Analytics Insight
NRGD is an inverse leveraged take on the U.S. Oil and Gas industry. Specifically, the fund tracks three times the inverse of the underlying index, which selects the 10 largest qualifying stocks and even weights them. NRGD charges a steep fee for such exposure; however, the product isn’t designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
NRGD CHARTS AND PERFORMANCE
NRGD Portfolio Data
NRGD Index Data
NRGD Fund Structure
NRGD Tax Exposures
NRGD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NRGD. NRGD is rated a N/A out of 5.