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NRGDMicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs

Take a bet1y track recordRanked #198 of 949 in this goal

Seeks to provide -3x leveraged inverse exposure to the Solactive MicroSectors U.S. Big Oil Index.

By BMO Capital Markets · Launched 2025

Annual Cost

0.35%

#1,651 of 5,861 · low cost

Fund Size

$31M

#4,141 of 5,861 · small

Return (1Y)Goal

-78.9%

Track Record

1 year

#4,094 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$1,856-81.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Energy

Index tracked

Solactive MicroSectors US Big Oil Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

Valero Energy CorpVLO
11.0%
Marathon Petroleum CorpMPC
10.5%
Phillips 66PSX
10.4%
EOG Resources IncEOG
10.0%
Exxon Mobil CorpXOM
9.9%
Devon Energy CorpDVN
9.8%
Chevron CorpCVX
9.7%
Diamondback Energy IncFANG
9.7%
ConocoPhillipsCOP
9.6%
Occidental Petroleum CorpOXY
9.5%

Asset allocation

Stocks
100.0%

By sector

Energy
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
76.1%High

Year-on-year price swings

Max drawdown
-100.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-1.00Below average
Sortino (3Y)
-1.23Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide -3x leveraged inverse exposure to the Solactive MicroSectors U.S. Big Oil Index.
Strategy
Invests in financial instruments to provide -3x leveraged inverse exposure to the Solactive MicroSectors U.S. Big Oil Index, which tracks the performance of large U.S. oil companies based on free-float market capitalization.
Inception date
February 20, 2025
Fund family
BMO Capital Markets

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04