- ISIN
- US0636798565
- CUSIP
- 063679856
- Issuer
- Bank of Montreal
- Inception Date
- Aug 1, 2018
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- NYSE FANG+ Index (+200%)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $687M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FNGO Performance Chart
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is up 11.8% since the beginning of the year. FNGO is currently trading at $130 per share. Investors who bought $1,000 worth of FNGO shares 5 years ago would now be looking at an investment worth $2,936.
Loading charts...
Returns By Period
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has returned 11.80% so far this year and 34.51% over the past 12 months.
MicroSectors FANG+ Index 2X Leveraged ETN
- 1D
- -5.77%
- 1M
- -2.31%
- YTD
- 11.80%
- 6M
- 9.81%
- 1Y
- 34.51%
- 3Y*
- 51.23%
- 5Y*
- 24.04%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FNGO Monthly Returns History
Based on dividend-adjusted daily data since Aug 2, 2018, FNGO's average daily return is +0.20%, while the average monthly return is +3.99%. At this rate, an investment would double in approximately 1.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Aug 2020 with a return of +46.7%, while the worst month was Apr 2022 at -35.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FNGO closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +28.2%, while the worst single day was Oct 11, 2018 at -23.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.65% | -11.84% | -9.02% | 35.97% | 27.61% | -13.94% | 11.80% | ||||||
| 2025 | 5.13% | -11.53% | -20.98% | 11.37% | 23.99% | 17.29% | 2.01% | 0.59% | 10.51% | 8.78% | -4.49% | -10.51% | 25.49% |
| 2024 | 5.54% | 19.38% | 1.12% | -6.03% | 12.06% | 19.12% | -4.71% | -2.76% | 4.28% | 3.07% | 13.50% | 11.63% | 101.65% |
| 2023 | 40.47% | 6.21% | 25.28% | -3.03% | 35.73% | 15.50% | 6.52% | -6.03% | -12.36% | -4.03% | 27.79% | 11.26% | 240.10% |
| 2022 | -16.23% | -16.03% | 6.54% | -35.58% | -5.79% | -14.04% | 20.76% | -8.47% | -21.88% | -13.75% | 20.72% | -19.08% | -71.55% |
| 2021 | 3.61% | 10.06% | -10.09% | 9.19% | -5.04% | 19.66% | -4.57% | 5.95% | -9.21% | 20.64% | -1.84% | -7.15% | 28.38% |
Benchmark Metrics
MicroSectors FANG+ Index 2X Leveraged ETN has an annualized alpha of 17.75%, beta of 2.46, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since August 02, 2018.
- This ETF captured 391.80% of S&P 500 Index gains and 181.19% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 17.75% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 2.46 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 17.75%
- Beta
- 2.46
- R²
- 0.61
- Upside Capture
- 391.80%
- Downside Capture
- 181.19%
Expense Ratio
FNGO has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FNGO ranks 22 for risk / return — below 22% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.78 | -1.97 |
| Martin ratioReturn relative to average drawdown | 2.09 | 12.44 | -10.35 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors FANG+ Index 2X Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors FANG+ Index 2X Leveraged ETN was 78.39%, occurring on Nov 9, 2022. Recovery took 311 trading sessions.
The current MicroSectors FANG+ Index 2X Leveraged ETN drawdown is 16.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -78.39%Nov 2022 | 1y 4d | 1y 3mo | 2y 3moNov 2021 - Feb 2024 |
COVID crash2020 | -60.28%Mar 2020 | 27d | 2mo 24d | 3mo 21dFeb 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -50.95%Dec 2018 | 4mo 18d | 12mo 4d | 1y 4moAug 2018 - Dec 2019 |
2025 selloff2025 | -47.64%Apr 2025 | 1mo 15d | 2mo 23d | 4mo 8dFeb 2025 - Jun 2025 |
2026 bear market2026 | -42.73%Mar 2026 | 5mo 1d | 1mo 27d | 6mo 28dOct 2025 - May 2026 |
Drawdown Indicators
| FNGO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.39% | -56.78% | -21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -42.73% | -9.10% | -33.63% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | -18.90% | -28.74% |
Max Drawdown (5Y)Largest decline over 5 years | -78.39% | -25.43% | -52.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -16.29% | -1.80% | -14.49% |
Average DrawdownAverage peak-to-trough decline | -23.84% | -10.71% | -13.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 2.03% | +14.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FNGO
Add MicroSectors FANG+ Index 2X Leveraged ETN to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FNGO