NRGZMicroSectors U.S. Big Oil Index -2X Inverse Leveraged ETN
NRGZ Fund Description
The MicroSectors U.S. Big Oil Index -2x Leveraged ETN tracks two times the inverse of the performance of an equal-weighted index of U.S. Oil & Gas Companies.
NRGZ Factset Analytics Insight
NRGZ is an inversed leveraged take on the U.S. Oil and Gas industry. Specifically, the fund tracks two times the inverse of 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.
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.