NRGOMicroSectors U.S. Big Oil Index 2X Leveraged ETN
NRGO Fund Description
The MicroSectors U.S. Big Oil Index 2x Leveraged ETN tracks two times the performance of an equal-weighted index of U.S. Oil & Gas Companies.
NRGO Factset Analytics Insight
NRGO is a leveraged take on the U.S. Oil and Gas industry. Specifically, the fund tracks two times the underlying index, which selects the 10 largest qualifying stocks and even weights them. NRGO 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.
NRGO Charts And Performance
NRGO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NRGO. NRGO is rated a N/A out of 5.