NRGZMicroSectors U.S. Big Oil Index -2X Inverse Leveraged ETN
NRGZ Fund Description
NRGZ tracks two times the inverse performance of an equal-weighted index of US Oil & Gas companies.
NRGZ Factset Analytics Insight
NRGZ is an inverse leveraged take on US Oil and Gas industry. The fund tracks two times the inverse of the underlying index - Solactive MicroSectors U.S. Big Oil Index. The index selects the 10 most liquid stocks from the Solactive GBS United States Large & Mid Cap Index, screened for market cap and liquidity. Specifically, those with above USD 1 billion free-float market cap and those with minimum of 1-month and 6-month ADTV above USD 25 million are included. The index is weighted equally and TRBC Oil & Gas Industry classification is used. It’s worth noting that 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.
NRGZ Charts And Performance
NRGZ Portfolio Data
NRGZ Index Data
NRGZ Fund Structure
NRGZ Tax Exposures
NRGZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NRGZ. NRGZ is rated a N/A out of 5.