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MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD)

ETF · Currency in USD
ISIN
US0636798649
CUSIP
063679666
Issuer
BMO Financial Group
Inception Date
Jan 22, 2018
Region
North America (U.S.)
Category
Leveraged Equities
Leveraged
3x
Expense Ratio
0.95%
Index Tracked
NYSE FANG+ Index (-300%)
Asset Class
Equity

Asset Class Size

Multi-Cap

FNGDPrice Chart


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FNGDPerformance

The chart shows the growth of $10,000 invested in MicroSectors FANG+™ Index -3X Inverse Leveraged ETN on Jan 24, 2018 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $44 for a total return of roughly -99.56%. All prices are adjusted for splits and dividends.


FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN)
Benchmark (S&P 500)

FNGDReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
YTD5.66%-2.17%
1M-1.61%0.62%
6M-16.92%6.95%
1Y-56.25%22.39%
5Y-74.40%13.28%
10Y-74.40%13.28%

FNGDMonthly Returns Heatmap


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FNGDSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current MicroSectors FANG+™ Index -3X Inverse Leveraged ETN Sharpe ratio is -0.77. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN)
Benchmark (S&P 500)

FNGDDividends


MicroSectors FANG+™ Index -3X Inverse Leveraged ETN doesn't pay dividends

FNGDDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN)
Benchmark (S&P 500)

FNGDWorst Drawdowns

The table below shows the maximum drawdowns of the MicroSectors FANG+™ Index -3X Inverse Leveraged ETN. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the MicroSectors FANG+™ Index -3X Inverse Leveraged ETN is 99.68%, recorded on Nov 4, 2021. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-99.68%Feb 9, 2018942Nov 4, 2021
-10.11%Jan 25, 20183Jan 29, 20185Feb 5, 20188
-8.18%Feb 6, 20181Feb 6, 20182Feb 8, 20183

FNGDVolatility Chart

Current MicroSectors FANG+™ Index -3X Inverse Leveraged ETN volatility is 91.37%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN)
Benchmark (S&P 500)

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